« China | Main | ConocoPhillips »
Thursday, October 27, 2005
PetroKazakhstan and all that
Fred Halliday has an interesting report of a conference in Cambridge, although it is more of a survey, albeit knowledgeable, of the whole CIS-space. For what it's worth, this I find characteristic of the openDemocracy site in general: it's good for general orientation and some commentary, but it is seldom that the specialists who write there give the full benefit of their specialized knowledge to the reader, in terms of explicating detailed background or bringing clear analytical power to bear. As always, there are exceptions, but this article isn't one of them
Amongst the commentaries and reports on the CNPC/PetroKazakhstan affair are an articles at Jamestown Foundation, Asia Times onLine, and Gulf Times, the last of which plays up the Russia-vs.-China angle. According to Tehran Times
Friday, October 07, 2005
...but Lukoil Wants to Play Too
Lukoil, which was partner of PetroKazakhstan in developing the Turgai deposits that will be pumped through Atasu-Alashankou, has asserted a pre-emptive right to purchase those assets and is reportedly in negotiations to buy CNPC's stake. Recall that CNPC was recently chosen by PetroKazakhstan over an Indian suitor for its operations in KZ. Meanwhile Lukoil is going to acquire the assets of Nelson Resources in KZ before CNPC has a chance to bid for them.