Gazprom to purchase 49% of MANGISTAUMUNAIGAZ JSC

/INTERFAX-AFI, Moscow, July 18, 08/ - The Chairman of Board of Gazprom Neft OJSC Alexandr Dyukov during the meeting with the president of National Company KazMunaiGaz JSC Serik Burkitbaev confirmed the interest in purchasing 49% of MANGISTAUMUNAIGAZ JSC and strategic partnership, is said in joint press release. Parties also discussed prospects collaboration of Gazprom Neft and KazMunaiGaz in geological survey sphere, oil production and processing in Kazakhstan, Russia and third countries. During negotiations parties came to agreement on continuation and gradual increasing of oil deliveries of Gazprom Neft to Pavlodarskiy OPP, is said in press release. MANGISTAUMUNAIGAZ JSC is one of major oil production companies in Kazakhstan. The company possesses 36 oil and gas deposits, 15 of which are in digging. Kalamkas and Zhetybai are the hugest reserve deposits. MANGISTAUMUNAIGAZ JSC owns 58%shares of Pavlodar oil processing plant (Pavlodar oblast, Kazakhstan). KazMunaiGaz is a national operator on exploration, production, processing and transporting hydrocarbons, which presents government's interests in Kazakhstan oil and gas industry. [2008-07-18]