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09.09.2005 13:01

Millhouse to buy a small oil company in Kazakhstan - newspaper

/REUTERS, Moscow, September 9, 05/ - Millhouse Capital, an investment company of Russian oil billionnaire Roman Abramovich, wants to buy assets in Kazakhstan, Vedomosti business daily on Friday quoted a source close to negotiations as saying.

The source said shareholders' representatives had been in talks with small company BMB Munai since the start of the summer to buy a controlling stake in it, the source said.

Millhouse Capital also wants to buy other unnamed assets in oil-rich Kazakhstan.

"Millhouse regards the region as a place where they can invest money from asset sales in Russia," the source said.

A source close to BMB Munai said bidders for the company also included state-owned China National Petroleum Corp. (CNPC).

[2005-09-09]