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BG, Eni Expected To Sign Kazakhstan Agreement This Week

BG, Eni Expected To Sign Kazakhstan Agreement This Week
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Δευ, 12 Δεκεμβρίου 2011 - 16:58
The Kazakh state oil company, KazMunaiGas, is expected to sign an agreement this week with BG Group PLC (BG.LN) and Italy's Eni SpA (E) to acquire a 10% interest in the Karachaganak Petroleum Operating company for $1 billion, ending a bitter two-year tax dispute over the oil field, the Financial Times reports Monday.
The Kazakh state oil company, KazMunaiGas, is expected to sign an agreement this week with BG Group PLC (BG.LN) and Italy's Eni SpA (E) to acquire a 10% interest in the Karachaganak Petroleum Operating company for $1 billion, ending a bitter two-year tax dispute over the oil field, the Financial Times reports Monday.

A source told the FT that negotiators would finalize the agreement this week. Last week, Kazakhstan 's deputy oil minister Lyazzat Kiinov said Kazakhstan dropped a $1.1 billion tax claim against its foreign oil partners when they agreed to sell a stake in Karachaganak.
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