Middle East Economic Survey
VOL. XLVIII
No 38
19-September-2005
CASPIAN
CNPC International Abandons PetroKazakhstan Spin-Off Proposal
Chinas CNPC International (CNPCI) has abandoned a proposal to spin-off shares in a newly-formed oil and gas company, Newco, as part of its $4.18bn takeover of PetroKazakhstan, the latter announced on 12 September. Newco will seek oil and gas development opportunities in Central Asian countries other than Kazakhstan (referred to by PetroKazakhstan as the Central Asian...
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