VOL. XLVII

No 11

15-March-2004

CASPIAN

CNPC And Nelson Resources Plan $82Mn Investment In Kazakhstans North Buzachi In 2004

The China National Petroleum Corp (CNPC) and Canadas Nelson Resources plan to invest $82mn in Kazakhstans North Buzachi oilfield during 2004, according to CNPC Director Deng Minmin. Speaking in Astana on 26 February, Mr Deng said the investment would include the cost of equipment and drilling 15 new oil wells in the concession with the intention of increasing crude...