KMG EP to buy 50-percent stake in MangistauMunaiGas in 2011

(SRI) - KazMunaiGas Exploration Production (KMG EP), the London-listed subsidiary of the Kazakh national oil company, expects to complete the acquisition of a 50-percent stake in MangistauMunaiGas (MMG) from its parent company by early 2011.

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MangistauMunaiGas income falls 43 percent in first nine months of 2009

(SRI) - MangistauMunaiGas (MMG), a Kazakh oil and gas company controlled by the state-owned KazMunaiGas, recorded a net income of KZT64.9 billion ($432 million) in the first nine months of 2009, a 43-percent decline compared to the same period last year.

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Chinese-Kazakh MangistauMunaiGas deal delayed; KMG acquires Pavlodar refinery

(SRI) - The joint acquisition of the upstream assets of MangistauMunaiGas, a Kazakhstan-focused oil company, by Chinese and Kazakh state oil firms has been delayed due to unidentified unresolved issues.

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Pavlodar refinery key to revival of Kazakhstan’s downstream industry

(SRI) - KazMunaiGas (KMG) is still in talks with Central Asia Petroleum, an Indonesian company which controls the Pavlodar oil refinery, trying to close the deal that would give the national oil company control over the downstream assets in Kazakhstan.

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China’s share in Kazakh oil production rises to 22 percent - newspaper

(SRI) - CNPC’s recent purchase of a 50-percent stake in MangistauMunaiGas will increase its total share of oil production in Kazakhstan to 22 percent, a local financial newspaper reported citing government data.

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Russian oil companies in play for a stake in Pavlodar refinery

(SRI) - KazMunaiGas, Kazakhstan’s national oil company, may sell a stake in the Pavlodar oil refinery to Russia’s Gazprom Neft or TNK-BP, Reuters reported on Monday citing a source close to the talks.

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CNPC and KMG to pay $3.3 billion for MangistauMunaiGas

(SRI) - China National Petroleum Corporation (CNPC) said it will pay $3.3 billion together with KazMunaiGas (KMG), the Kazakh national oil company, in a deal to purchase MangistauMunaiGas (MMG), an independent Kazakh oil producer.

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MangistauMunaiGas deal: summary

(SRI) - KazMunaiGas (KMG), the Kazakh national oil company, and CNPC Exploration and Development Company (CNPC E&D) signed an agreement to jointly acquire the production assets of MangistauMunaiGas, an independent Kazakh producer.

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PetroChina may pay $1.4 billion for Kazakh oil stake

(Bloomberg) - PetroChina Co., Asia’s biggest crude producer, plans to pay as much as $1.4 billion for a stake in an oil company in Kazakhstan to take advantage of lower commodity prices and expand overseas, Chairman Jiang Jiemin said.

China and Kazakhstan ink USD10 billion deal

(SRI) - China will lend Kazakhstan USD10 billion in return for a minority stake in MangistauMunaiGas, according to agreements signed on Thursday by President Nursultan Nazarbayev and his Chinese counterpart Hu Jintao.

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