OGJ Newsletter

01/25/2010
General Interest — Quick TakesKPO 'in talks' with Kazakhstan over KarachaganakKazakhstan's Prime Minister Karim Masimov said his country is negotiating to purchase a stake in the Karachaganak gas-condensate project from Karachaganak Petroleum Operating BV (KPO), a consortium of BG Group, Eni SPA, Chevron Corp., and OAO Lukoil."Currently, talks on this issue are ongoing between the energy ministry, [Kazakhstan's state-owned] KazMunaiGas (KMG), and all the project participants," said Masimov, referring to BG and Eni, each with a 32.5% interest, along with Chevron 20% and Lukoil 15%.The government's aim of purchasing a 10% stake, first reported last month, has been linked wit...

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