Middle East Economic Survey

VOL. XLVII

No 25

21-June-2004

CASPIAN

Kazakh Government Claims Right To BG Groups Kashagan Shares

The Government of Kazakhstan has claimed the right to pre-empt the sale of BG Groups shares in the offshore Kashagan oilfield to other partners in the concession. The partners had themselves previously pre-empted BGs plans to sell its 16.67% stake in the North Caspian Sea Production Sharing Agreement (NCPSA) to Chinas CNOOC North Caspian Sea Ltd and Sinopec International...