Jan 11, 2008

Poland's Petrolinvest to Buy 6 Kazakh Peers

Polish upstream oil venture Petrolinvest said its prospective oil resources should rise 130% thanks to acquisitions of Kazakh oil assets it plans to seal this month.
Petrolinvest said in a statement today it plans to raise its capital by up to 70% to gain control over six Kazakh exploration and oil production companies in return for its own shares.

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