Does China Really Control Kazakhstan’s Oil And Gas Industry? ...Middle East

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Does China Really Control Kazakhstan’s Oil And Gas Industry?
source : OILPRICE ( Middle East ) () 69
A decade or so ago, it was commonplace in Kazakhstan to talk about the creeping takeover of the energy industry by China. That hasn’t happened.  Next month marks the 25th anniversary of a Sino-Kazakh intergovernmental agreement on cooperation in the oil and gas industry. State-owned China National Petroleum Corporation’s maiden acquisition was a 60 percent stake in Aktobemunaigas, an oil and gas company based in the northwestern Aktobe province. CNPC would go on to take over the whole company, now known as CNPC-Aktobemunaigas.…

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