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Sovereign Wealth Funds Briefing - Categorized | Fund Management/Administration, Market

ConocoPhillips, Mubadala sign Kazakh offshore deal

Posted on 12 June 2009

From Reuters: ConocoPhillips has signed a deal to develop a Kazakhstan offshore field along with Abu Dhabi’s Mubadala Development Company and the state operator, the U.S. oil company said on Thursday.

The “N” block, covering 8,100 square kilometers (3,100 sq miles) and located 30 kilometers (19 miles) off the Caspian seaport of Aktau, joins a growing number of energy projects in Kazakhstan. Chevron Corp , for one, produces more than a tenth of its output in the country……..Full Article: Source


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