Petrocapital Resources allocates shares to buy assets in Kazakhstan

/INTERFAX-AFI, Moscow, August 13, 08/ - American Petrocapital Resources submitted bid for shares offering on XETRA exchange in Frankfurt, is said in company's message. 886 Wertpapierhandelsbank was announced as a broker. The company also announced on agreement with Jurby Corporation on purchasing Kazakhstan Almas International Trading Company. According to terms of agreement, Petrocapital Resources purchases 50 % of Almas for $54 m. in three stages till 2010. The company conducts the total cycle of work and services on exploration, production, processing, transportation and realization of hydrocarbon fuel, products of its processing and export of oil and oil products. Atyraumunai LLP and Uralsk oil and chemical company LLP are the daughter enterprises of the company. The company is also a shareholder of KazMunaiGaz Exploration Production JSC, has a stake in authorized capital of Atyrau oil processing plant LLP with which it has an agreement on oil processing. Gazprom JSC, ТНК-BP Holding JSC, Russneft OJSC are company's partners in Russia. The company processed 66.744 th. tones of oil when setting up Atyrau oil processing plant LLP in 2006. Almas International Trading Co. conducts oil and oil products deliveries both on internal Kazakhstan market and on export in Poland, Ukraine, Netherlands, Great Britain, Estonia, Latvia, Mongolia, Afghanistan, Kirgizia, and Tajikistan. Almas International Trading Co delivers and processes on Kazakhstan OPP oil and gas condensate of Gazprom JSC, Russneft OJSC, ТНК-BP OJSC, SANEKO OJSC, Preobrazhenskneft OJSC, Saratovgeophisica OJSC, Karazhanbasmunai JSC and other oil producing companies. [2008-08-14]