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...
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