Kazakhstan buys not less than 2.77% in oil project Kashagan - newspaper
26.11.04 11:08
/IRBIS, November 26, 04/ - Information below is translated abstract of
REUTER's news.
Government of Kazakhstan will buy as minimum 2.77 percents in the project
of developing of giant Caspian field Kashagan nearly for $300 m., informed
on Friday Novoye pokolenie newspaper with reference to the source.
Ministry of energy of Kazakhstan said, that he does not possess this
information.
"Despite of dissatisfaction of participants of Northern Caspian project
(Kashagan), republic acquires at least 2.77% of shares, paying nearly
USD300", - in the article of Novoye pokolenie newspaper written with
reference to "reliable source".
"I did not tell this", - said minister of energy and mineral resources of
Kazakhstan Vladimir Shkolnik to Reuter in response to comment information
of newspaper.
In summer of this year Kazakhstan unexpectedly announced about intention
to acquire 16.67% stake of leaving British BG, which planned to buy the rest
participants - ENI, Royal Dutch/Shell, Total, ExxonMobil, ConocoPhillips. BG
and other participants of consortium doubted in relevancy of claims of
Kazakhstan for the right of primary redemption, and since that time
negotiations are held.
"We want to buy maximal - 16.67%. Different companies have different
opinions. We seek consensus. Negotiations are being held", - said Shkolnik
to Reuter correspondent.
In the beginning of November Shkolnik said, that all shareholders of
Kashagan agreed for participation of Kazakhstan in the project. However
ExxonMobil and ConocoPhillips after this announced that still they are not
agree with position of Kazakhstan.
Parliament of Kazakhstan nearly two weeks ago has taken and gave for
signature to president Nursultan Nazarbayev law, giving government primary
right of redemption of stakes in all oil projects, if some of participants
decide to leave.
Nazarbayev have not yet signed this document.
[2004-11-26]