Karachaganak group may reach stake deal by yr-end -BG

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04.10.2011 18:30

Oct 4 (Reuters) - The consortium developing the Karachaganak project expects to reach agreement on ceding a stake to the government of Kazakhstan by the end of this year, a senior BG official said on Tuesday.

"We are in good and cooperative negotiations with the government of Kazakhstan and we expect those to reach a conclusion before the end of this year," Chris Finlayson, executive vice-president and managing director Europe & Central Asia, BG Group, told a news conference.

"In the meantime, we begin to plan for the future development of the field." (Reporting by Robin Paxton; Writing by Dmitry Solovyov; Editing by Alison Birrane)