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Eni, BG Group May Sell Karachaganak Stake in ‘Next Few Weeks’
10:42 26.08.2010
views: [1298] Related articlesKarachaganak might sell stake to Kazakhstan Kazakh Gas Group to Cede Stake to State BG Group completes Karachaganak agreement with Kazakh Government A group led by Eni SpA and BG Group Plc are in talks to sell a stake in the Karachaganak oil and gas project to Kazakhstan, Eni Chief Executive Officer Paolo Scaroni said today.
The stake sale “may be concluded in the next few weeks,” Scaroni said in an interview in Rimini, Italy. The size of the stake and the conditions of the sale “are not yet clear.”
Kazakh state-owned energy company KazMunaiGaz National Co. said June 3 it was seeking to acquire 10 percent of the Karachaganak project. BG and Eni are the largest shareholders in the Karachaganak venture, each holding a 32.5 percent, while Chevron Corp. has a 20 percent stake and OAO Lukoil holds 15 percent.
Kazakhstan has 3 percent of the planet’s oil and is the world’s fourth-fastest growing supplier of the fuel.
Source: Bloomberg |
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