Last year, Iran expelled CNPCI
from North Azadegan for its failure to respect its obligations.
North Azadegan, whose first development phase is also being operated by CNPCI
, is forecast to be producing 75,000 b/d in September.
Last year, CNPCI
won the first oil deal in Afghanistan after signing a contract with the government on developing a small oil-field in the northern part of the energy-deficient landlocked country.
has now advised PetroKazakhstan that it does not wish to
To ensure that PetroKazakhstan's shareholders will be entitled to participate in the Central Asian Opportunity if the Arrangement is not successfully completed, CNPCI
has agreed that PetroKazakhstan may continue to incur certain costs related to the ongoing development of the Central Asian Opportunity up to the effective date of the Arrangement.
has further agreed to consider a proposal (which is also subject to
") dated February 24, 2009 (the "CNPCI
Agreement") under which CNPCI
agreed to make an offer to purchase all of the outstanding Verenex Shares, on a fully-diluted basis, at a price of Cdn$10 per share.
TEHRAN (FNA)- Development of South Azadegan oilfield has progressed nearly 20% since China's CNPCI
was expelled from the field for foot-dragging, an Iranian oil official said.
26 of that year, PK through CNPCI
granted an "unconditional" final order by the Queen's Bench Court in Calgary, Canada.
) is subject to the consent of the Libyan National Oil Corporation (NOC) in the form contemplated by the acquisition agreement between Verenex and CNPCI
announced today that they have entered into an Arrangement Agreement whereby a wholly- owned subsidiary of CNPCI
will offer US$55.
announced today that they have entered into an Arrangement Agreement whereby a wholly-owned subsidiary of CNPCI
will offer US$55.