CNPC to purchase Kashagan stake for around $5 billion

    The China National Petroleum Corporation (CNPC) is about to purchase ConocoPhillips’ stake in the giant Kashagan oilfield in the Kazakhstan’s Caspian offshore, for no more than $5 billion, Reuters.com reports, citing Mr. Lyazzat Kiinov, chairman of KazMunaiGas as saying.     The Kashagan field, named after a 19th century Kazakh poet from Mangistau,...