Kazakhstan not to buy the shares of BG Group in KPO consortium


A photo by Italian energy major ENI shows Kazakhstan, D Island in the Caspian Sea.

Karachaganak field is controlled by a group of investors, which, in addition to the BG Group, include ENI (29,25%), Chevron (18%), LUKoil (13.5%) and KazMunaiGas (10%).

ASTANA - Kazakhstan will not opt to purchase shares of BG Group in the Karachaganak Petroleum Operating (KPO) consortium, Kazakh national company KazMunayGas head Sauat Mynbayev said on March 17 in Astana.

The merger of the Anglo-Dutch oil and gas giant Royal Dutch Shell and of the British oil company BG Group was completed in February of this year.

As reported, according to the laws of Kazakhstan, after the completion of this deal government of Kazakhstan can opt to purchase shares of BG ...

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