Kazakhstan may step in to replace ONGC as buyer of Conoco's Rs 27k-cr stake

16.04.2013
    Kazakhstan is considering buying ConocoPhillips's Rs 27,198 crore ($5-billion) stake in the country's biggest oilfield before selling it to a Chinese producer, sources said.     ConocoPhillips had agreed to sell its 8.4 per cent holding in the Kashagan project to India's Oil & Natural Gas Corp (ONGC). The Kazakh government is ready...