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CNPC buys into Buzachi.(Chinese oil firm, oil field; Kazakhstan)(Brief Article)
Chinese state-owned oil firm CNPC has bought a 35pc stake in Kazakhstan's North Buzachi oil field and will eventually take over as its sole operator. CNPC bought the stake from Saudi firm Nimir Petroleum and plans to buy out the remaining 65pc from ChevronTexaco (FSUE, 15 August, p4). "We are interested in Kazakhstan due to the growth of crude imports in China," says a CNPC source. The North Buzachi deal could be …
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