Middle East Economic Survey
CNPC And KMG Buy MangistauMunaiGaz
China National Petroleum Corporation (CNPC) and Kazakhstans state-owned oil and gas company KazMunaiGaz (KMG) on 25 November announced that they had purchased 100% of the common shares of JSC MangistauMunaiGaz (MMG) through open trade conducted on the Kazakhstan Stock Exchange. The purchase was made by Mangistau Investments BV, a joint venture owned equally by CNPC Exploration and Development Company...
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