Kazakhstan Seeks to Acquire Preemptive Buying Rights to Oil and Gas Resource Contract Agreements
Article from: OGEL 5 (2004), in Roundup of Articles
Introduction
Pending Legislation Will Give Kazakhstan's State Oil Company the Right to Acquire Stakes in Oil Contracts with Foreign Investors and Oil Companies and Increase Kazakhstan's Participation in Oil and Gas Sector ASTANA, Kazakhstan - Kazakhstan's Parliament Majilis Deputy Victor Vesnin today [13 october 2004] announced that the Conciliatory Commission of both chambers of Kazakhstan's Parliament support legislative amendments that will give Kazakhstan preemptive buying rights to foreign investment contracts involving production of the nation's vast oil resources. The ...