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  1. Oil majors face battle in Kazakhstan

    Posted Aug 17th 2005, 12:00am by Eric Ng

    ... (ONGC) in a battle to acquire Canada's PetroKazakhstan. The two suitors, the largest oil producers in the world's fastest-growing major economies, have reportedly both submitted bids for all of Calgary-based PetroKazakhstan, which owns assets in the Central Asian country. CNPC, parent of PetroChina, put in a bid of US$3.2 billion late on Monday, while ONGC submitted a US$3.6 ...

  2. CNPC cleared to acquire PetroKaz

    Posted Oct 27th 2005, 12:00am by Eric Ng

    ... acquisition of PetroKazakhstan despite opposition from Russia's Lukoil, clearing the way for completion of the mainland's largest overseas takeover. PetroKazakhstan said the Court of Queen's Bench of Alberta yesterday approved CNPC's bid after hearing legal submissions from Lukoil, CNPC and PetroKazakhstan on the Russian company's claim of a pre-emptive right to take ...

  3. Canadian court delays ruling on CNPC's PetroKaz bid

    Posted Oct 20th 2005, 12:00am by Toh Han Shih

    ... Toh Han Shih A Canadian court has delayed until next week a ruling on the proposed acquisition of PetroKazakhstan by China National Petroleum Corp (CNPC). The court will decide whether to accept or reject opposition by Russia's largest oil company, Lukoil, to the deal, which has won near-unanimous approval from PetroKazakhstan's shareholders. If the acquisition goes ...

  4. CNPC tops India offer for Kazakh oil firm

    Posted Aug 23rd 2005, 12:00am by Eric Ng

    ... Eric Ng China National Petroleum Corp has outbid India's Oil and National Gas Corp (ONGC) by offering US$4.18 billion for Canadian-based PetroKazakhstan, a rare major win ... US$55 a share for all the shares of PetroKazakhstan, the second-largest oil producer in the Central Asian country. The offer represented a 21.1 per cent premium to the New York, Toronto, London ...

  5. In Brief

    Posted Jul 18th 2006, 12:00am by Staff Reporter

    ... CNPC completes stake sale to kazmunaigaz China National Petroleum Corp (CNPC) has completed the sale of a 33 per cent stake in PetroKazakhstan to Kazakhstan oil and gas firm KazMunaiGaz as part of conditions of CNPC's acquisition of PetroKazakhstan for US$4.18 billion in October last year, Xinhua quoted an unnamed CNPC source as saying. power firm sells A shares Guangdong ...

  6. Citic close to sealing Kazakh deal

    Posted Dec 30th 2006, 12:00am by Eric Ng

    ... is expected to be significantly greater than the 33 per cent holding in PetroKazakhstan that PetroChina's parent firm, China National Petroleum Corp, was forced to sell to win Kazakh approval. ... of PetroKazakhstan raised concerns that too much domestic oil and gas assets in western Kazakhstan would fall into Chinese control. The Kazakh government has the right to pre-empt foreign firms from buying ...

  7. CNPC likely to retaliate over Lukoil action

    Posted Oct 29th 2005, 12:00am by Eric Ng

    ... firm's joint venture with PetroKazakhstan failed in a Canadian court. In a statement, Bermuda-based Nelson said it had been informed by CNPC that the latter intended to 'take the necessary ... company can take over one venture. Both CNPC and Lukoil have been aggressively buying oil and gas assets in Kazakhstan, while Nelson and PetroKazakhstan both are exiting as they have less ...

  8. In Brief

    Posted Oct 15th 2005, 12:00am by Staff Reporter

    ... CNPC OFFERS KAZAKHSTAN STAKE TO SEAL PURCHASE CNPC has offered to sell 30 to 33 per cent in PetroKazakhstan to Kazakhstan's government if it drops objections to its US$4.18 billion bid for the Canadian firm, sources said. China's national oil firm has written to the Kazakh government outlining some of the terms of a possible buyout of the PetroKazakhstan stake ...

  9. Oil deal a model for mainland firms

    Posted Aug 24th 2005, 12:00am by Staff Reporter

    ... for a US$4.18 billion deal to take over the Canadian-controlled PetroKazakhstan. Beijing has invested much in its relations with Central Asian nations through trade deals, generous development financing ... be rich and the Astana government could yet intervene in the deal, but CNPC is unlikely to face the kind of opposition CNOOC endured in Washington. Since PetroKazakhstan oil reserves amount ...

  10. CNPC unit seeks US$1.4b to invest in Kazakhstan

    Posted Oct 17th 2006, 12:00am by Staff Reporter

    ... Standard Chartered has been hired for the bond. Hong Kong-listed PetroChina said in August it will buy a 67 per cent stake in PetroKazakhstan, Kazakhstan's third-largest oil producer, from ... US$4.2 billion for PetroKazakhstan, which accounts for 12 per cent of Kazakhstan's oil domestic output, in October last year. The company arranged a US$4.2 billion letter of credit from ...




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