KMG E&P and CITIC Group close a CITIC Canada Petroleum Deal

    KMG E&P and the CITIC Group signed a sale-purchase agreement on CITIC Canada Petroleum 50% shares (major asset-Karazhanbasmunai).     The agreement was signed during the 4th session of the Kazakh-Chinese Cooperation Committee on November 8, 2007.     “The current sale-purchase agreement was planned a long time before. According to this document, KMG...