VOL. XLVI

No 50

15-December-2003

CASPIAN

Canadas Nelson Resources Buys Stake In CNPCIs North Buzachi Field

In a statement released in 1 December, Canadas Nelson Resources said it had entered an agreement with CNPC International (CNPCI), an affiliate of the China National Petroleum Corp (CNPC), that provides for it to acquire, in two tranches, an aggregate 50% participatory working interest in the North Buzachi oilfield. CNPCI acquired 100% ownership of the field during the course of 2003. In...