CHINA CEDES STAKE TO COMPLETE KAZAKH OIL PURCHASE
By empty (12/31/2006 issue of the CACI Analyst)
The state-run China\'s International Trust & Investment Corporation (CITIC) Group has purchased the Kazakh oil assets of Canadian-registered Nations Energy for $1.9 billion. Citic has agreed, however, to give Kazakh state-owned oil and gas company KazMunaiGaz the option to acquire a 50-percent stake in the purchase.Visit also
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