KazMunaiGas E&P offers to buy 100% of Zhaikmunai for $1 and assume Its estimated $630 Million Debt

    KazMunaiGas Exploration and Production has made an offer to     buy 100% of UK-based upstream company -- Zhaikmunai for $1 and     assume Zhaikmunai's estimated $630 million debt, a source familiar with     the offer said Wednesday.     The news of a bid -- made June 12, came as Zhaikmunai earlier     Wednesday said it hoped to raise some $300...