Middle East Economic Survey

VOL. LIII

No 12

22-March-2010

CASPIAN

Total Acquires 50% Operating Interest In OTG Kazakhstan Concession

FrancesTotal announced on 17 March an agreement with the Oil Techno Group (OTG), the investment arm of Polands Petrolinvest, to acquire 50% of a 5,500 sq km onshore exploration and production concession in northwestern Kazakhstan. In a press statement Louis Darricarrère, President of Total Exploration and Production, said: The acquisition of the stake in the...