Middle East Economic Survey

VOL. LII

No 35

31-Aug-2009

CASPIAN

Chinese Firm To Buy Stake In Kazakh Upstream Company

Chinese energy and minerals firm Xinjiang Guanghui Industry Company announced on 24 August that it had been given approval by Beijings National Development and Reform Commission to buy a 49% stake in Kazakhstans Tarbagatay Munay for an estimated $42mn. The Kazakh independent exploration and production (E&P) company holds an E&P license for the offshore Zaysan block with a...