Middle East Economic Survey

VOL. XLVIII

No 44

31-October-2005

CASPIAN

PetroKazakhstan Sale To CNPC Goes Through Following Canadian Court Ruling

Canadas PetroKazakhstan on 26 October announced that the company had been sold to CNPC International at a price of $55 per share following the approval of the Arrangement Agreement between the two companies by an Alberta court. The ruling denied an application to the court by Russias Lukoil to halt the sale on the grounds that it was being denied its...