Middle East Economic Survey
VOL. XLVIII
No 15
11-April-2005
CASPIAN
BG Group Completes Sale Of Kashagan Shares
The BG Group on 6 April announced that it had completed the sale of its 16.67% interest in the North Caspian Sea Production-Sharing Agreement (NCSPSA) and received an aggregate pre-tax cash consideration of approximately $1.8bn (MEES, 4 April). BG sold its shares to its partners in NCSPSA who pre-empted an earlier deal to sell the shares to Chinas CNOOC and Sinopec. The BG shares have...
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