|ONGC showcases its potentials in India-Expo at Almaty|
01 June, 2009
Indian Trade Promotion Organization (ITPO) in association with India-CIS Chamber of Commerce and Industry, National Small Industries Corporation and Embassy of India in Kazakhstan organized "India Expo" at the Atakent Expo Centre, Almaty from May 21-23, 2009.
ONGC Videsh Limited representing ONGC group of companies participated in the Expo along with other companies like IOC,GAIL, Power Grid Corporation, NPCIL, Tea Board of India and other small and medium companies from sectors like IT & Telecommunication, pharmaceuticals, cosmetics, chemicals, medical & surgical equipments, Life Style Products, Ayurveda Products, Handicrafts & Fashion Accessories etc.
Mr. N P Singh, Country Manager, Kazakhstan, welcoming the Mr. Serik Seidumanov, Deputy Governor of Almaty city, Indian Ambassador to Kazakhstan H.E Mr. Ashok Sajjanhar and Dr. (Mrs.) Shila Bhinde, C&MD, ITPO.
Mr. Serik Seidumanov, Deputy Governor of Almaty was present during the inauguration ceremony from Kazakhstan side. ONGC Pavilion was visited by Mr. Serik Seidumanov , Dr. (Mrs.)Shila Bhinde, C&MD, ITPO, Mr. Rajan Madhu, President, India-CIS Chamber of Commerce and Industry accompanied by the Indian Ambassador to Kazakhstan H.E Mr. Ashok Sajjanhar along with other dignitaries who took keen interest in the activities of ONGC Group of Companies. Mr. N P Singh, Country Manager, Kazakhstan was present from ONGC side.
The objective of the India Expo was to showcase developments in economy, industry, science and technology, promote trade and economic cooperation between India and Kazakhstan and strengthen its relations with Kazakhstan, the largest trading partner of India in Central Asia.
Kazakhstan is one of the most dynamic and fast growing economies of Central Asian and a mineral rich country with large deposits of as many as 99 elements out of the 110 listed in Mendeleev's Periodic Table. Besides huge deposits of chromium, manganese, lead, zinc, copper and iron and uranium
Kazakhstan is endowed with significant oil and gas resources. It contributes 3.2% of oil and 1.1% of Gas towards the World's share of Proved Reserves. According to BP Statistical Review of World Energy, June, 2008,Kazakhstan's Proved reserves are estimated to comprise 39.8 billion barrels of Oil and Proved Gas Reserves are 67.20 tcf as on December,2007 and the Oil and Gas production are 1,490 thousand b/d (2007) & 27.3 bcm (2007), respectively. Kazakhstan has the Caspian region's largest recoverable crude oil reserves and its production accounts for half of the currently being produced from the Caspian Sea region.
During the recent visit of the President of Kazakhstan, Mr. Nursultan Nazarbayev to India, ONGC Mittal Energy Limited (OMEL) and KazMunaiGaz (KMG), National Oil Compay of Kazakhstan signed a Heads of Agreement (HOA) on 24th January,2009 for award of exploration and production contract for Satpayev block, situated in highly prospective area of the Pre-Caspian Basin of Kazakhstan in Caspian Sea.
In its beautiful and well designed pavillion ONGC showcased its strength as biggest vertically integrated company of India with interests in E&P, Refining, LNG, Power, Petrochemicals and new sources of energy. It also exhibited its stronghold in technology, training, R&D and consultancy through its ten research and training institutes. Through its exhibits ONGC also displayed how it has become a truly world class company with its marked presence in 37 projects in 17 countries through its wholly owned subsidiary ONGC Videsh Limited.