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Keyword: mittalgroup

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  • China and India vying for Kazakh oil company

    08/16/2005 12:27:05 PM PDT · by Righty_McRight · 6 replies · 333+ views
    International Herald Tribune (The New York Times) ^ | August 17, 2005 | Keith Bradsher
    HONG KONG State-owned oil companies in China and India are trying to buy a Canadian company with oil fields in Kazakhstan in the most direct competition yet for energy between Asia's two most populous countries. A joint venture of China National Petroleum, China's biggest oil company, and PetroChina, its publicly traded subsidiary, offered roughly $3.2 billion late Monday for PetroKazakhstan, a person close to the negotiations said. Oil & Natural Gas, India's main government oil company, has already reportedly submitted a bid of $3.6 billion in cooperation with the steel maker Mittal Group. PetroKazakhstan, whose shares are traded in Toronto,...