Home>News Center>China
       
 

India may bid for Kazakh Oil sought by CNOOC
(Bloomberg.com)
Updated: 2006-01-13 19:08

"Two Years of Talks"

"We have been negotiating the sale of the company for two years," Irina Gavrilova, a spokeswoman for OJSC Karazhanbasmunai, Nations Energy's main asset in Kazakhstan, said in a phone interview. "We have had talks with a lot of foreign companies and we have not decided whether to sell Karazhanbasmunai to of them. We don't have any information that Karazhanbasmunai will be sold to Cnooc."

Gavrilova wouldn't identify any of the foreign bidders.

Cnooc may buy Nations Energy, which put itself up for sale last year, Reuters said yesterday, citing unidentified people familiar with the company.

Xiao Zongwei, Cnooc's Beijing-based spokesman, wouldn't comment on the reports that Cnooc may bid for Nations Energy.

Nations Energy, with a corporate head office in Calgary, Alberta, produces more than 50,000 barrels a day of oil, mostly from Kazakhstan's Karazhanbas field, according to the company's Web site. Its fields in Azerbaijan offer ``significant production growth,'' according to the Web site.
Page: 123



Snow fun
Snow sculpture competition in Harbin
Snowslide in Xinjiang
  Today's Top News     Top China News
 

Four Chinese pilgrims among 345 dead in Hajj stampede

 

   
 

US House group to discuss China cooperation

 

   
 

Extraction of bear bile 'painless, necessary'

 

   
 

China warns Japan about Lee Teng-hui visit

 

   
 

China, India sign energy agreement

 

   
 

GE wins China pipeline expansion deal

 

   
  China cenbank sets mid-point yuan rate at 8.0698
   
  China, India sign energy agreement
   
  China warns Japan about Lee Teng-hui visit
   
  Road safety campaign to curb No 1 killer
   
  Thawing ice 'no threat to water supply'
   
  Cataract scandal: Hospital staff responsible
   
 
  Go to Another Section  
 
 
  Story Tools  
   
  News Talk  
  It is time to prepare for Beijing - 2008  
Manufacturers, Exporters, Wholesalers - Global trade starts here.
Advertisement