India may bid for Kazakh Oil sought by CNOOC (Bloomberg.com) Updated: 2006-01-13 19:08
"Two Years of Talks"
"We have been negotiating the sale of the company for two years," Irina
Gavrilova, a spokeswoman for OJSC Karazhanbasmunai, Nations Energy's main asset
in Kazakhstan, said in a phone interview. "We have had talks with a lot of
foreign companies and we have not decided whether to sell Karazhanbasmunai to of
them. We don't have any information that Karazhanbasmunai will be sold to
Cnooc."
Gavrilova wouldn't identify any of the foreign bidders.
Cnooc may buy Nations Energy, which put itself up for sale last year, Reuters
said yesterday, citing unidentified people familiar with the company.
Xiao Zongwei, Cnooc's Beijing-based spokesman, wouldn't comment on the
reports that Cnooc may bid for Nations Energy.
Nations Energy, with a corporate head office in Calgary,
Alberta, produces more than 50,000 barrels a day of oil, mostly from
Kazakhstan's Karazhanbas field, according to the company's Web site. Its fields
in Azerbaijan offer ``significant production growth,'' according to the Web
site.
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