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Kazakhstan, Eni-led group agree to continue talks

Mon Oct 22, 2007 8:00am EDT

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ASTANA, Oct 22 (Reuters) - The Kazakh government and a consortium of Western oil companies led by Italy's Eni (ENI.MI) agreed on Monday to continue talks on the future of the huge Kashagan oilfield beyond the official Oct. 22 deadline.

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"The parties agreed to continue negotiations beyond the 22nd of October in a spirit of positive and constructive cooperation," the energy ministry said in a joint statement with Kazakh state oil company KazMunaiGas [KMG.UL].

"The parties have also agreed (on) the framework within which negotiations will be held," the brief statement said, adding that the parties had signed a memorandum of understanding to that effect earlier on Monday.

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