Caspian Energy buys out East Zhagabulak

Cash-strapped Caspian Energy has bought out its co-owner in Kazakhstan’s East Zhagabulak oilfield in a $47 million share deal that will see the sellers take up shares in the Canadian explorer.

Kazakh deal: Caspian Energy aims to revive oilfield
Kazakh deal: Caspian Energy aims to revive oilfield
Published 1 August 2014, 13:35Updated 1 August 2014, 13:40