The Kazakh state oil company, KazMunaiGas, is expected to sign an agreement this week with BG Group PLC (BG.LN) and Italy's Eni SpA (E) to acquire a 10% interest in the Karachaganak Petroleum Operating company for $1 billion, ending a bitter two-year tax dispute over the oil field, the Financial Times reports Monday.
The Kazakh state oil company, KazMunaiGas, is expected to sign an
agreement this week with BG Group PLC (BG.LN) and Italy's Eni SpA (E) to
acquire a 10% interest in the Karachaganak Petroleum Operating company for $1
billion, ending a bitter two-year tax dispute over the oil field, the Financial
Times reports Monday.
A source told the FT that negotiators would finalize the agreement this week. Last
week,
Kazakhstan
's
deputy oil minister Lyazzat Kiinov said
Kazakhstan
dropped a $1.1 billion tax claim against its foreign oil partners when they
agreed to sell a stake in Karachaganak.
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