Kazakhstan Buys Stake In Oil Producer From China
July 05, 2006
Kazakh President Nursultan Nazarbaev (right) with Chinese President Hu Jintao (file photo) (AFP)
PetroKazakhstan is based in Canada but was acquired in 2004 by the China National Petroleum Corporation for $4.2 billion.
KazMunaiGaz said in a statement that it paid $55 a share but gave no total for the stake.
China National Petroleum Corporation is China's largest oil company.
(AP)