Kazakhstan is one of the oil rich nations in central Asia and offers enormous business opportunities in energy sourcing area for India.
Indian oil giants such as Indian Oil, Gail and ONGC do not want to miss the train and they are assessing proposals to construct polyester manufacturing facilities, petrochemical plants and service industry.
Idea of exploring business opportunities in Kazakhstan came from Indian embassy in Almaty.
Having plenty of oil reserve in Kazakhstan, Indian oil companies are willing to establish polyester manufacturing facilities.
Indian companies prefer to establish petrochemical plants and ancillary units in Aktau's special economic zones.
At present Kazakhstan has 4,939 million tons of oil reserve and about 3.012 billion cubic meters of gas reserves mainly in western areas of Kazakhstan and near Caspian Sea.
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