India is in talks with Kazakhstan for developing Abai oil block in the Caspian Sea. According to reports, Magzum Mirzagaliev, Vice-Minister, Oil and Gas, Kazakhstan, has offered the Abai block to ONGC Videsh (OVL) in a recent inter-governmental meeting. The block is reported to have reserves of about 2.8 billion barrels oil equivalent. There are about 300 oil and gas fields in the basin, of which 170 fall in Kazakhstan.
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Home » India in to develop Kazakh oil block
India in to develop Kazakh oil block
Oil & Gas
May 1, 2014May 1, 2014
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