Friday, December 28, 2007

Kazakhstan, Oil Firms May Be Near Deal on Kashagan Field - WSJ.com

Kazakhstan, Oil Firms May Be Near Deal on Kashagan Field - WSJ.com

Gabriel Kahn of The Wall Street Journal said it clearly:

In a Dec. 26 letter viewed by The Wall Street Journal, Kazakh President
Narsultan Nazarbayev, has called the heads of the six foreign oil firms to
Astana, the Kazakh capital, for a meeting on Jan 11 with himself and the
country's prime minister.

The presence of Mr. Nazarbayev, who holds a tight grip on power in the
oil-rich country and has rarely been involved in talks over the oil field, is a
signal that the two sides could be close to a deal.

"For me it is difficult to imagine that President Nazarbayev and Prime
Minister [Karim] Massimov meet the most important oil companies without a
resolution," said Paolo Scaroni, chief executive of Eni SpA, which is the chief
operator of the Kashagan field and has been leading the negotiations.


President Nazarbayev will probably use this as an opportunity to emphasis the role which Kazakhstan will play in world energy security.

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