VOL. XLVI

No 7

17-February-2003

CASPIAN

CNPC Acquires Stake In Azerbaijans Southwest Gobustan Oilfield

Chinas state-owned China National Petroleum Corp (CNPC) has bought into another of Azerbaijans onshore oilfields. Its subsidiary CNPC (Hong Kong) announced on 27 January that it had purchased a 31.41% share of Commonwealth Gobustan from Swiss-based Rosco SA, an affiliate of Vitol. Commonwealth Gobustan holds 80% of the Southwest Gobustan concession in Azerbaijan, with Azerbaijans state-owned oil...