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Wednesday, 15 February 2006
KAZAKH PREMIER SAYS STATE TO ACQUIRE STAKE IN OIL COMPANY
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)