Kazakhstan invests in massive oil project
Kazakhstan has acquired a 10 percent stake in one of the largest oil and gas projects in the world following two years of negotiations with the international consortium developing the field in the Central Asian nation.
BG Group, which remains one of Karachaganak project's main shareholders with a 29.25 percent stake, said Thursday that Kazakhstan paid $2 billion in cash. Kazakhstan is liable for a further $1 billion non-cash consideration.
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