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CNPC, KM vacuum sealer G purchase MMG for US$3.3 bln
发起人：xuzh63　　回复数：0　　浏览数：2935　　最后更新：2011/11/23 12:53:53 by xuzh63

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2011/11/23 12:48:44
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CNPC, KM vacuum sealer G purchase MMG for US$3.3 bln
CNPC, KM vacuum sealer G purchase MMG for US$3.3 bln

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CNPC, KMG purchase MMG for US$3.3 blnPublished: 27 Apr 2009 00:19:40 PST<p class="authorInfor"]</p]<!--begin CK content--]<ul class="narrow"]Top 5 News From ChinaKnowledge.comHang Seng Index opens 98 points lower on MonRussia-China oil pipeline to become operational by 2011AU Optronics posts NT$20.22 bln net loss in Q1H&M opens store in BeijingChina COSCO in talks to postpone or cancel vessel orders<P]Apr. 27, 2009 (China Knowledge) - China National Petroleum Corporation (CNPC) said that its subsidiary, China National Oil and Gas Exploration and Development Corp, has signed an agreement with KazMunaiGas (KMG), the Kazakh state-owned company, to set up a joint venture (JV) to purchase JSC MangistauMunaiGas (MMG) for US$3.3 billion, sources reported.</P]<P]The JV, Mangistau Investments, will be launched in Holland. CNPC's subsidiary and KMG will each own a 50% stake in the JV. </P]<P]MMG, one of the largest privately-owned oil developers in Kazakhstan, has exploration and development rights on 15 oil and gas fields in the country and the Caspian region. </P]<P]CNPC had been negotiating with KMG on buying a 49% stake in MMG, China Knowledge reported. <BR]</P]
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