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Austrian Petroleum completes divestiture of Kazakhstan assets

 Last Update: 2021-06-06
 Source: Internet
 Author: User

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China Petrochemical News Network News According to Oilfield Technology News on May 17, Austrian Oil Corporation announced that it has sold 100% of its shares in Kazakhstan's Kom-Munai LLP (KOM) and Tabulat Oil Corp.

The transaction is part of Austria’s oil strategy, which aims to focus on expanding into the Black Sea region and looking for the most profitable oil.

All four oil fields are located in the Mangistau region near the Caspian Sea in western Kazakhstan.

Zhu Jiani excerpted from oil field technology

The original text is as follows:

OMV Petrom completes divestment of Kazakhstan production assets

OMV Petrom has announced the closing of the sale transaction for its 100% shareholding in Kom-Munai LLP (KOM) and Tasbulat Oil Corp.

The transaction is part of OMV Petrom's strategy to focus its regional expansion towards the Black Sea area in search of the most profitable barrels.

All four fields are located in the Mangistau region of West Kazakhstan near the Caspian Sea.

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