FX reports that Kazakhstan intends to block the purchase of a Canadian company's assets by the Chinese government conglomerate CITIC Group, the former Soviet republic's oil minister said Friday."We must take extreme measures to stop the agreement on the Karazhanbas," he said - a reference to an oil field that is the biggest asset of Canada-based Nations Energy Co. in the Central Asian nation.
Peak Oil reports the field in western Kazakhstan has proven reserves of over 340 million barrels of oil, and current production exceeds 50,000 barrels per day.
