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The share of Chinese companies in the Kazakhstan’s Oil and Gas industry will exceed 40% in 2013, KazTag reports, citing an unidentified source.
“After KazMunaiGas EP acquires stakes in Kazakhoil Aktobe, Kazakhturkmunai and Mangistau Investments B.V. from KazMunaiGas, the China’s share will grow substantially China Investment Corporation and its controlled companies already own 30% in KazMunaiGas EP”, the source stressed……………………………………….Full Article: Source
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Sovereign Wealth Funds Briefing - Categorized | Fund Management/Administration
Chinese companies to control over 40pct of Kazakhstan’s oil shortly
| Posted on 09 January 2013 |
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