Middle East Economic Survey

VOL. L

No 47

19-November-2007

CASPIAN

KazMunaiGaz, CNPC Reach Agreement On Gas Pipeline Principles

Kazakhstans state-owned oil and gas company KazMunaiGaz and the China National Petroleum Corporation (CNPC) on 11 November signed an agreement on constructing and operating a 40 bcm/year gas pipeline connecting the Caspian region with China. KazMunaiGaz and CNPC are to establish a 50:50 joint operating company to manage the project, to be carried out in two stages. A date...