OVL to sign Satpayev oil field contract by February

In another step towards addressing the energy security concerns, Kazakhstan on Monday agreed to give India 25 per cent stake in its Satpayev oil field, agreement for which will be signed in February.
Giving this information here after a meeting between Kazakhstan Oil and Gas Minister Sauat Mynbayev and Petroleum and Natural Gas Minister Murli Deora, Petroleum Secretary S. Sundareshan said a formal agreement would be signed in February. “Nuts and bolts of the agreement have been discussed and the agreement is in the final stages and we hope to sign it before the end of February 2011,'' he said. The two ministers also held a meeting of the Indo-Kazakhstan Inter-governmental Commission.
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Source: The Hindu