CNOOC Limited has failed in its bid to buy over from BG International Limited (BG), a wholly owned subsidiary of UK’s BG Group, its 8.33% stake in Kazakhstan’s North Caspian Sea project. The other owners have chosen to exercise their pre-emption rights and have acquired the interest which BG had agreed to sell to the…
CHINA: CNOOC’s bid for BG stake in North Caspian Sea project is rejected
Posted on May 16, 2003 by EnergyAsia