(EnergyAsia, May 7 2013, Tuesday) — The Indian government is having second thoughts about approving state upstream firm ONGC’s plan to pay US$5 billion for an 8.4% stake in Kazakhstan’s giant offshore Kashagan oilfield. Announced last November, ONGC’s plan to acquire ConocoPhillips’ stake in one of the world’s largest oil fields with reserves estimated at…
INDIA: New Delhi cool on ONGC plan to buy into Kazakhstan oilfield
Posted on May 7, 2013 by EnergyAsia