Middle East Economic Survey
KMG And CNPC To Acquire MangistauMunaiGas
Kazakhstans state oil and gas company KazMunaiGaz (KMG) has agreed with Chinas CNPC on the acquisition of MangistauMunaiGas (MMG) from Indonesian company Central Asia Petroleum, the Kazinform news agency reported on 20 April. KMG has been negotiating to take a 51% interest in MMG for some time, and has been seeking an international partner. The agreement is expected to be concluded by the end of...