Tethys, PetroChina sign MOU to explore Kazakhstan's oil, gas sales to China

Tethys Petroleum Ltd. has signed a memorandum of understanding (MOU) with PetroChina International Kazakhstan Ltd. to explore the feasibility of a long-term and mutually beneficial cooperation in natural gas and crude oil deliveries.

Tethys Kazakhstan SA, a subsidiary of Tethys Petroleum, signed the MOU with PetroChina International Kazakhstan to explore the feasibility of a long-term and mutually beneficial cooperation in natural gas and crude oil deliveries.

The main collaboration area to be explored by the parties is the proposed delivery of gas and crude oil for export to China, and also for Kazakhstan’s internal market. Tethys has the right to export gas to China already and can sell oil on the domestic market currently, obtaining the right to export oil upon conversion of the Akkulka exploration contract to a production contract.

 

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