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...
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