Kashagan's development in Kazakhstan has already absorbed $116 billion, which makes the project one of the most expensive discoveries of the last 40 years.
Independent expert Olzhas Baidildinov of Kazakhstan has expressed his opinion on the news about ConocoPhillips intent to sell its stake in Kashagan to Indian ONGC.
Joint teams are working, the license has been obtained, so we hope that the negotiations process will be completed by the end of this year: LUKOIL President.
The MoU was signed on the sidelines of the KADEX-2012 international weaponry exhibition in Astana by Kazakhstan Engineering and STX Offshore & Shipbuilding Co., Ltd.