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India in to develop Kazakh oil block

India in to develop Kazakh oil block

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)

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Minister discusses plan to set up pipeline in Kazakhstan

Minister discusses plan to set up pipeline in Kazakhstan

External Affairs Minister Salman Khurshid discussed a proposal of the country to build an oil pipeline in Kazakhstan during a meeting with Kazakh Foreign Minister Erlan Idrissov. According to media reports, the proposed pipeline may have to cover over 930 miles, making it longer than a long-planned pipeline from Turkmenistan

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Centre wants TAPI gas pipeline to begin from Kazakh

Centre wants TAPI gas pipeline to begin from Kazakh

According to media reports, the Indian government has already presented a concept of the proposed Turkmenistan-Afghanistan-Pakistan-India (TAPI) gas pipeline that could later be expanded to the territory of Russia. It is learnt that the central government wants the pipeline to begin from Kazakhstan border, more specifically from Shymkent (a southern city of Kazakhstan) and cont

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India, Kazakhstan sign pact

India, Kazakhstan sign pact

The 10th meeting of the India-Kazakhstan Inter-Governmental Commission (IGC) on Trade, Economic, Scientific, Technological, Industrial and Cultural was held during 8-9 January 2013 in New Delhi. M Veerappa Moily, Minister of Petroleum and Natural Gas, led the delegation from India. The Kazakh side at the I

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Eni waives pre-emption rights in favour of OVL

Eni waives pre-emption rights in favour of OVL

In a move that reduces the hurdle for ONGC Videsh's $5 billion bid to acquire ConocoPhillips' stake in Kashagan oilfield of Kazakhstan, one of the field operator Eni has publicly stated that it will not pre-empt or block the acquisition.
Italy's Eni is the operator of the first phase of the Kashagan oilfield that is due to start production in second quarter

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OVL gets breather

OVL gets breather

ONGC Videsh's (OVL) plan to acquire in Kazakhstan's Satpayev offshore exploration block has got a boost with the Kazakhstan government assuring India that it has solved the issue of protesting workers