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Caspian, company mergers: Buyers battle for Petrokazakhstan. Chris Pala. Petroleum Review January 2006, P. 12, 16

China’s policy of buying oil fields abroad seemed to have secured its first success when it outbid an Indian rival and brushed away a last-minute grab by Russia’s Lukoil to acquire Petrokazakhstan (PKZ), the largest and most successful independent in the Former Soviet Union, writes Chris Pala. However, just how much oil China National Petroleum Company (CNPC) will get out of PKZ - for which it paid $4.18bn - and at what price, remains in doubt.

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