04 февраля 2013 20:31

Stake in N block cost KazMunaiGas $32 million

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Map of oil and gas project N. Photo courtesy of wikimedia.org Map of oil and gas project N. Photo courtesy of wikimedia.org

The stake in N block cost KazMunaiGas $32 million, Tengrinews.kz reports citing Kazakhstan Oil and Gas Minister Sauat Mynbayev as saying at the briefing in Kazakhstan President’s Central Communications Service. “As far as I remember, block N cost $32 million,” he told the journalists. This January KazMunaiGas purchased a 100-percent stake in N Block B.V. As for Kazakhstan’s procurement of the ConocoPhillips’ stake in Kashagan, Mynbayev said that “Kazakhstan has not bought the stake of ConocoPhillips yet, the inter-authority commission is still working on it. We still have some time for decision-making. The price offered by Indian national company was $5 billion,” Sauat Mynbayev said. Earlier KazMunaiGas stated that it didn’t mind ONGC Videsh purchasing the ConocoPhillips’ 8.4% stake in the giant Kashagan oilfield.


The stake in N block cost KazMunaiGas $32 million, Tengrinews.kz reports citing Kazakhstan Oil and Gas Minister Sauat Mynbayev as saying at the briefing in Kazakhstan President’s Central Communications Service. “As far as I remember, block N cost $32 million,” he told the journalists. This January KazMunaiGas purchased a 100-percent stake in N Block B.V. As for Kazakhstan’s procurement of the ConocoPhillips’ stake in Kashagan, Mynbayev said that “Kazakhstan has not bought the stake of ConocoPhillips yet, the inter-authority commission is still working on it. We still have some time for decision-making. The price offered by Indian national company was $5 billion,” Sauat Mynbayev said. Earlier KazMunaiGas stated that it didn’t mind ONGC Videsh purchasing the ConocoPhillips’ 8.4% stake in the giant Kashagan oilfield.
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