Deal Insight

CNPC acquires 8.4% stake in Kashagan from KazMunaiGas for US$5.4 billion

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Report summary

On 7 September 2013, KazMunaiGas (KMG), the Kazakh national oil company, reached agreement to sell an 8.33 percent stake in the Kashagan oil project to CNPC. In July, KMG pre-empted the sale of ConocoPhillips' equivalent interest to ONGC, after the Indian company reached an initial agreement to buy the shareholding in November 2012. A sale and purchase agreement was signed between KMG and CNPC during the visit of Chinese President Xi to Kazakhstan, and comes just days after major new ...

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    CNPC acquires 8.4% stake in Kashagan from KazMunaiGas for US$5.4 billion

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Table of contents

Tables and charts

This report includes 7 images and tables including:

Tables

  • Executive summary: Table 1
  • Upstream assets: Table 1
  • Oil & gas pricing and assumptions: Table 1
  • Oil & gas pricing and assumptions: Table 2
  • Deal analysis: Table 1
  • Deal analysis: Table 2

Images

  • Kashagan and the Kazakhstan-China pipeline

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