CNPC Buys ChevronTexacos 65% Stake in Kazakhstans Onshore Buzachi Oilfield
The China National Petroleum Corp (CNPC) has purchased ChevronTexacos 65% stake in the onshore North Buzachi oilfield. ChevronTexaco confirmed to MEES that the deal had taken place. The talks follow CNPCs recent announcement that it had acquired 35% of the oilfield from Saudi-owned Nimr Petroleum (MEES, 8 September), making it the sole owner of the project. CNPC has not revealed the...