Central Asia oil producer sells Kazakh assets to China PE fund
Tethys Petroleum, a Central Asia and Caspian region-focused oil and gas producer, has agreed to sell half of its Kazakhstan oil and gas assets to Sino Oil and Gas Investment (SinoHan), a subsidiary owned by Beijing-based HanHong Private Equity Group.
The transaction will result in an initial $75 million cash payment to Tethys. Additional performance bonus payments will be made for the further discovery of proven and probable reserves achieved from...
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