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ConocoPhillips Completes Sale of Kashagan Interest

HOUSTON--(BUSINESS WIRE)--ConocoPhillips (NYSE: COP) today announced it has completed the transaction with KazMunayGas (KMG) for the sale of its 8.4 percent interest in the North Caspian Sea Production Sharing Agreement (Kashagan) for approximately $5.4 billion. In July 2013, ConocoPhillips announced it had received notification from the Kazakhstan Ministry of Oil and Gas (MOG) that it was ...
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