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KazMunaiGas purchased share of British Petroleum from Pipeline Ventures

30.04.2009, 16:47 4157

Astana. April 30. Kazakhstan Today - JSC National Company KazMunaiGas purchased the share of British Petroleum from joint venture Kazakhstan Pipeline Ventures, the agency reports citing Information Policy Department of KazMunaiGas.

"National Company KazMunaigas purchased the share of British Petroleum from the joint venture Kazakhstan Pipeline Ventures (KPV), which is the shareholder of the Caspian Pipeline Consortium (CPC) with the individual share of 1.75 %. As a result of this bargain, KazMunaiGas became an absolute owner of KPV and has significantly increased its rights to carrying capacity of the CPC oil pipeline," the press release informed.

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