Atyrau, August 16 22:20
Morning clear+31, day: +32
Official exchange rates: $ 332.91  € 391.17  P 5.55

Stake in N block cost KazMunaiGas $32 million

February 5 2013, 10:44

Photo courtesy of wikimedia.orgPhoto courtesy of wikimedia.orgThe stake in N block cost KazMunaiGas $32 million, Tengrinews.kz reports citing Kazakhstan Oil and Gas Minister Sauat Mynbayev as saying at the briefing in Kazakhstan President’s Central Communications Service.

“As far as I remember, block N cost $32 million,” he told the journalists.

This January KazMunaiGas purchased a 100-percent stake in N Block B.V.

As for Kazakhstan’s procurement of the ConocoPhillips’ stake in Kashagan, Mynbayev said that “Kazakhstan has not bought the stake of ConocoPhillips yet, the inter-authority commission is still working on it. We still have some time for decision-making. The price offered by Indian national company was $5 billion,” Sauat Mynbayev said.

Earlier KazMunaiGas stated that it didn’t mind ONGC Videsh purchasing the ConocoPhillips’ 8.4% stake in the giant Kashagan oilfield.

tengrinews.kz

Нашли ошибку? Выделите её мышью и нажмите Ctrl + Enter.

862 viewsMain page

Similar news

India provides scholarships to Kazakhstan students   834 views

Kazakh Minister of Economic Affairs on Kashagan  1048 views

Kazakhstan will celebrate Eid on October 26  1377 views

KazMunaiGas to invest over $6 billion in refineries modernization  1172 views

Main page