Middle East Economic Survey


No 26



Lukoil Pursuing Complete Ownership Of Kazakhstans Turgai Petroleum

Russias Lukoil announced on 23 June that it intended to exercise its pre-emptive right to buy the 50% interest in Turgai Petroleum that is held by PetroKazakstan, a joint venture of Chinas CNPC and Kazakh state firm KazMunaiGaz. A Lukoil spokesman was quoted by Kommersant newspaper as saying, We have talked to KazMunaiGaz and, as far as we know, they arent against the...