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KMG buys BP's CPC stake.

Publication: The Oil Daily
Publication Date: 22-DEC-08
Format: Online
Delivery: Immediate Online Access
Full Article Title: KMG buys BP's CPC stake.(International)(Caspian Pipeline Consortium)(Kazmunaigas)(Brief article)

Article Excerpt
BP has made its first move to leave the Caspian Pipeline Consortium (CPC), agreeing to sell its 49.9% stake in Kazakh Pipeline Ventures (KPV) for $250 million to Kazakhstan's Kazmunaigas (KMG), its KPV partner. KPV holds 1.75% of CPC.

CPC shareholders last week signed a memorandum of understanding to...



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