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China may be interested in buying ConocoPhillips' (NYSE:COP) stake in a multinational consortium...

Apr. 16, 2013 8:16 AM ETConocoPhillips (COP) StockCOPBy: Carl Surran, SA News Editor9 Comments
China may be interested in buying ConocoPhillips' (NYSE:COP) stake in a multinational consortium developing the giant Kashagan oilfield, according to Kazakhstan's oil minister. COP, which has been shedding overseas assets to cut debt and increase its investment in lower-cost U.S. shale oil and gas, has said it intends to sell its Kashagan stake to India's Oil and Natural Gas Corp.

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