China eyes Kazakh firm
Güncelleme Tarihi:
The Associated Press
Oluşturulma Tarihi: Nisan 14, 2009 00:00
ALMATY, KAZAKHSTAN - China National Petroleum Corp. is in talks with Kazakhstan's state energy company on acquiring a 49 percent stake in the Central Asian country's fourth-largest oil producer, a KazMunaiGaz spokesman said yesterday.
CNPC's proposed purchase of the stake in MangistauMunaiGaz would consolidate Chinese energy interests in the oil-rich region. MangistauMunaiGaz, which controls oil reserves estimated at 500 million barrels, has also been eyed by Russia and India's national energy companies in recent months.
"KMG and CNPC are currently negotiating CNPC's involvement in the purchase of MMG, and we are planning to sign some documents on that in the nearest future," Arzhan Takachakov, a spokesman for the state energy company, KazMunaiGaz, said.
KazMunaiGaz did not specify the terms of the deal. KazMunaiGaz secured its 50 percent-plus-two-shares stake in MangistauMunaiGaz from the British Virgin Islands-registered Central Asia Petroleum in January.
"KMG and CNPC are currently negotiating CNPC's involvement in the purchase of MMG, and we are planning to sign some documents on that in the nearest future," Arzhan Takachakov, a spokesman for the state energy company, KazMunaiGaz, said.
KazMunaiGaz did not specify the terms of the deal. KazMunaiGaz secured its 50 percent-plus-two-shares stake in MangistauMunaiGaz from the British Virgin Islands-registered Central Asia Petroleum in January.