Share of ConocoPhilips in Kashagan is transferred to Kazakhstan
Read on the website Vestnik KavkazaToday it became known that one of the largest oil companies in the world, ConocoPhilips, has signed a deal with KMG on the sale of its 8.4 % stake in the project on the development of the Kashagan field in the Kazakh sector of the Caspian Sea for about $5.4 billion.
In early July, the Ministry of Oil and Gas of Kazakhstan informed ConocoPhillips of its intent to use the government's pre-emptive right to acquire the company's share in the North-Caspian project.
In early July, the Ministry of Oil and Gas of Kazakhstan informed ConocoPhillips of its intent to use the government's pre-emptive right to acquire the company's share in the North-Caspian project.