Kazakhstan stance toward Kashagan deal with ONGC unknown.

By bne IntelliNews January 11, 2013
Kazakhstan remained non-committal on supporting the Indian ONCG acquisition of ConocoPhillips stake in Kashagan field. The value of 8.4% stake in the field is valued at USD 5bn. Kazakh deputy oil and gas minister Bolat Akchukalov declined to provide details of Kazakhstan's position when visiting Delhi. He only reminded that the partners in the consortium developing Kashagan have 60 days to decide on their pre-emption right and the government has 180 days thereafter to approve the deal. Kashagan is the largest oil field in Kazakhstan. It will come on stream in the middle of this year.

Related Articles

Kazakhstan in talks with McDonald's.

Kazakhstan is in talks over McDonald's enter to the Kazakh market, President of the Eurasian Franchising Association, Beknur Kissikov has said. He added that the main reasons that McDonald's is ... more

Kazakhstan to establish institute for energy and energy effectiveness.

Kazakhstan will establish institute for energy and energy effectiveness, deputy PM and Minister of Industry and New technologies Aset Isekeshev has informed. The new entity should start operating ... more

Kazakhstan to diminish oil products imports from Russia.

Kazakhstan plans to diminish oil products imports from Russia, according to Kuandyk Kulmurzin Director of oil industry development department in Oil and Gas Ministry. He explained that the reason ... more

Notice: Undefined index: subject_id in /var/www/html/application/controllers/IndexController.php on line 335