Middle East Economic Survey

VOL. XLVIII

No 44

31-October-2005

CASPIAN

Kazakhstan Approves $700Mn Lukoil Investment In Nelson Resources

Lukoil Overseas, the foreign operating arm of Russias Lukoil, on 21 October said it had received Kazakhstans approval for its purchase of Canadas Nelson Resources. Lukoil announced in mid-October that it had secured the shares for 65% of the company and that it anticipated the purchase of all shares at a total cost of around $2bn (MEES, 24 October). Nelson...