Date:13/01/2009 URL: http://www.thehindu.com/2009/01/13/stories/2009011356121500.htm

Business

OVL to pick up stake in Kazak’s oil block

NEW DELHI: OVL, the overseas arm of Oil and Natural Gas Corporation (ONGC), is likely to pick up 30-40 per cent stake in Kazakhstan’s Satpayev oil block in the Caspian Sea. The deal will help India in meeting its growing energy requirements.