Kazakhs may borrow $1 billion for BG Kashagan stake purchase

/IRBIS, June 21, 04/ - REUTERS informs that Kazakhstan may borrow $1 billion to buy BG's stake in the consortium developing the Kashagan oilfield in the Caspian Sea, the country's energy minister told Reuters on Monday. Previously he informed that the government holds talks about the deal with other partners of the international consortium including ENI, ExxonMobil, Total, Royal Dutch/Shell and ConocoPhillips. Vladimir Shkolnik said that to fund the purchase the Central Asian state's government might borrow on the international financial markets, from development banks, or from other banks. [2004-06-21]