Kazakh oil firm draws Western interest

Article Abstract:

Industry observers believe Kazakhstan's MangistauMunaiGaz may be an attractive target for Western investors, with possible and proven oil reserves of 500 mil barrels and anticipated production of 130,000 barrels per day for 2007. Bids could total $4 bil. However, ownership complications and the role of the state in sales may deter some investors.

Strategy & planning, Management dynamics, Management, Planning, Foreign investments, Company business management, Company business planning, Mangistaumunaigas

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CNPC side deal may help it buy PetroKazakhstan

Article Abstract:

China National Petroleum Corp. of China is facing several potential obstacles to its acquisition of PetroKazakhstan Inc. of Canada for $4.18 billion. To smooth the way the Chinese petroleum company is poised to sell a $1.4 billion stake in PetroKazakhstan Inc. to KazMunaiGaz of Kazakhstan.

Canada, Acquisitions & mergers, Natural gas liquids, Oil & Gas Extraction, Oil and Gas Extraction, Mergers, acquisitions and divestments, Company acquisition/merger, Gas industry, PetroKazakhstan Inc.

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China oil firm refines Kazakh deal

Article Abstract:

China National Petroleum Corp. has acquired PetroKazakhstan Inc. of Canada and is looking to sell up to half of the $4.18 billion deal to KazMunaiGaz of Kazakhstan. KazMunaiGaz is a state-owned petroleum company and may acquire a 33 percent to 50 percent stake in PetroKazakhstan Inc.

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