Total, CNPC buy stakes in Tajikistan oil business

12/26/2012

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

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