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ConocoPhillips (COP) is ready to sell its 8.4% stake in the giant Kashagan oilfield,...

ConocoPhillips (COP) is ready to sell its 8.4% stake in the giant Kashagan oilfield, Kazakhstan's oil minister says, as the country tries to wring more revenue from foreign-owned developments. Kashagan, the biggest oil discovery since Prudhoe Bay in the 1960s, has been beset by delays, rising costs and technical complications; oil production is now expected to begin next March.
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