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Kazakh giant oilfield: India's loss is China's gain

The deal transferring the stake in the Kashagan offshore oilfield was signed on Saturday during the visit of Chinese President Xi Jinping to the energy-rich Central Asian nation, industry sources said.

ONGC loses $5 bn bid for Kashagan oil field to China

India's ONGC has lost the giant Kashagan oilfield to the Chinese after Kazakhstan blocked its USD 5 billion deal to buy US energy major ConocoPhillips' stake in the Caspian Sea oilfield.