Total, CNPC buy stakes in Tajikistan oil business
PARIS -- Total has signed an agreement with Kulob Petroleum, a subsidiary of Tethys Petroleum to buy a 33.335% interest in Bokhtar area oil business in Tajikistan. Under the agreement, signed jointly with CNPC,Total and the unit of CNPC will each hold a 33.335% interest in the business, while Kulob will retain a 33.33% stake.
The Bokhtar PSC covers an area of 35,000 sq km at the eastern end of the prolific Amu Darya basin, said Total in a statement. On completion of the transaction,Total will acquire an interest in the Tajikistani sector of the Amu Darya basin, said the company.
Dow Jones Newswires