October 7, 2008

Kazakh Energy Giant Turns Down Russia’s Gazprom, Finds New Investor

Excerpt from report by corporate-owned Russian news agency Interfax

Almaty, 7 October: Kazakhstan's KazMunayGaz national oil and gas company has stopped talks with Russia's Gazprom Neft open joint- stock company on possible purchase of a share in MangistauMunayGaz [an oil and gas company owned by KazMunayGaz], the Interfax- Kazakhstan news agency has learnt from an informed source.

"Gazprom Neft has already been turned down. There will be a new investor who has offered a better deal," he said. The source also told the agency that it was not a Russian investor.

[Passage omitted: background information on the MangistauMunayGaz company]

Originally published by Interfax news agency, Moscow, in Russian 0605 7 Oct 08.

(c) 2008 BBC Monitoring Central Asia. Provided by ProQuest LLC. All rights Reserved.