ONGC hoping to sign contract for Satpayev oil field next week - Economic Times

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NEW DELHI: Oil and Natural Gas Corp (ONGC) is hoping to sign a contract for Kazakhstna's Satpayev oil field next week but last minute glitches may delay the agreement that has been under discussion for almost two years now.

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ONGC Videsh Ltd, the overseas arm of the state-run firm, wants to ink the Exploration and Production Contract (EPC) for the Caspian Sea block when Indo-Kazakh Joint Working Group meets here on December 6, a top official said today.

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ONGC Videsh Ltd, the overseas arm of the state-run firm, wants to ink the Exploration and Production Contract (EPC) for the Caspian Sea block when Indo-Kazakh Joint Working Group meets here on December 6, a top official said today. "Negotiations (on the EPC) have concluded but we cannot say with 100 per cent certainty that the contract will be signed. Some glitches remain," he said refusing to go into details.

ONGC hoping to sign contract for Satpayev oil field next week - Economic Times

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This page contains a single entry by Viraj published on December 4, 2010 5:05 PM.

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