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Canadian PetroKazakhstan may be on sale soon
13:41 27.06.2005
text: "Kazakhstan Today" views: [53] Related articlesPetroKazakhstan assesses feasibility of potential transactions PetroKazakhstan may put itself up for auction - extended version KazMunaiGas Exploration doubles second-quarter profit Oil supply to Teheran Oil Refinery through "PetroKazakhstan Inc" Trading in PetroKazakhstan shares on KASE scheduled for the fourth quarter of 2004 PetroKazakhstan Inc., an oil producer based in Canada, but whose assets are in Central Asia, is considering offering itself for sale, KZ-today reports with reference to Financial Times.
The report by Financial Times observes that PetroKazakhstan has a market capitalisation of 2.5 bln USD.
According to Financial Times, investment bankers at Goldman Sachs, working for the company, are expecting to receive bids for it later this week. A Chinese and an Indian oil company are considered to be the frontrunners in the auction. |
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