VOL. XLII
No 48
29-November-1999
FSU
Kazak Government Stake In Tengiz No Longer For Sale
Kazakstan痴 Minister of Finance Mazhyt Yesenbayev said on 24November that the government was no longer considering selling a portion of its25% stake in TengizChevroil (TCO), the consortium that operates Kazakstan痴huge Tengiz oilfield. Last August, the Kazak Government said that it had approachedsome 20 major oil companies with an offer to bid for 10% of TCO, or roughly 40%of Kazakstan痴 stake. The move provoked...
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