Middle East Economic Survey
VOL. LII
No 41
12-Oct-2009
CASPIAN
Total And GdF Suez Farm Into Khvalinskoye License
During a visit by French President Nicholas Sarkozy to Astana on 6 October, Total and GdF Suez signed an agreement to acquire a combined 25% stake in the Khvalinskoye exploration and production license with Kazakh state firm KazMunaiGaz (KMG) and Russias Lukoil. According to the terms of the heads of agreement (HOA), KMGs previous 50% interest will be reduced to 25%, Total will take 17%...
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