Wednesday, 15 February 2006

KAZAKH PREMIER SAYS STATE TO ACQUIRE STAKE IN OIL COMPANY

Published in News Digest

By empty (2/15/2006 issue of the CACI Analyst)

The Kazakh government is finalizing a deal to acquire a 33 percent stake in the Canadian-registered, Chinese-owned oil company PetroKazakhstan, Prime Minister Daniyal Akhmetov told parliament on 15 February. Akhmetov said that the state is \"completing talks\" with the China National Petroleum Corporation (CNPC) to buy the stake and to set up \"a joint venture on the basis of the Shymkent oil refinery.\" CNPC acquired PetroKazakhstan for $4.
The Kazakh government is finalizing a deal to acquire a 33 percent stake in the Canadian-registered, Chinese-owned oil company PetroKazakhstan, Prime Minister Daniyal Akhmetov told parliament on 15 February. Akhmetov said that the state is \"completing talks\" with the China National Petroleum Corporation (CNPC) to buy the stake and to set up \"a joint venture on the basis of the Shymkent oil refinery.\" CNPC acquired PetroKazakhstan for $4.2 billion in 2005. Akhmetov also said in his address to a joint session of parliament that the government plans to bolster its presence in sectors of the economy deemed strategic. (Interfax-Kazakhstan)
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The Central Asia-Caucasus Analyst is a biweekly publication of the Central Asia-Caucasus Institute & Silk Road Studies Program, a Joint Transatlantic Research and Policy Center affiliated with the American Foreign Policy Council, Washington DC., and the Institute for Security and Development Policy, Stockholm. For 15 years, the Analyst has brought cutting edge analysis of the region geared toward a practitioner audience.

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