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A technician works at the Kashagan offshore oilfield in western Kazakhstan. [File photo]

No 2: China National Petroleum Corporation agreed to acquire an 8.33 percent stake in Kashagan oilfield

China National Petroleum Corporation agreed to acquire an 8.33 percent stake in Kashagan oilfield from Kazakhstani State-owned AO Nasionalnaya Kompaniya "KazMunaiGaz" for an estimated $5 billion. Kashagan Field is an offshore oil field in Kazakhstan's zone of the Caspian Sea. The field is located in the northern part of the Caspian Sea close to Atyrau and is considered the world's largest discovery in the last 30 years.

Acquirer: China National Petroleum Corporation

Target: Kashagan oilfield

Value: $5 billion (estimated)

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