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

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01 September 2013

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

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 ...

Table of contents

Tables and charts

This report includes 7 images and tables including:

  • Executive summary: Table 1
  • Kashagan and the Kazakhstan-China pipeline
  • 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

What's included

This report contains:

  • Document

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

    PDF 2.83 MB

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