Middle East Economic Survey

VOL. XLVIII

No 35

29-August-2005

CASPIAN

PetroKazakhstan Agrees Sale With Chinas CNPC International For $4.18Bn

Canadas Calgary-based PetroKazakhstan on 22 August announced that it had entered into an Arrangement Agreement with Chinas CNPC International for the sale of all its outstanding common shares at $55 per share. The announcement follows reports in early August that CNPC subsidiary PetroChina had offered $3.2bn for the company and that Indias ONGC Videsh had also...