Commercial production at the giant Kashagan oilfield is to start as early as in October, KazTAG reported July 18, citing the country’s newly appointed oil and gas minister Uazakbai Karabalin as saying.
Around 200 employees of CAPE Industrial Services subcontractor were striking this weekend. The company works on D island of Kazakhstan’s oil field Kashagan.
Indian Foreign Ministry plans to discuss cooperation in energy with Kazakhstan government after Kazakhstan refused to support Indian ONGC's deal on Kashagan.
Earlier it was reported that China is ready to pay threefold more than the ask price for ConocoPhillips’ stake in the giant Kashagan oilfield in the Caspian offshore.
It’s likely that the announcement of China entering the project will be made early July as China has made a higher bid than India: unidentified source.
