China may pay additional sum for share of ConocoPhillips in the Kashagan development project

China may pay an additional sum for the share of ConocoPhillips in the Kashagan development project, the Deputy CEO of the International Energy Agency and ambassador Richard Jones stated during the 3rd international oil and gas conference and exhibition “Development of the Caspian shelf”, which takes place in Atyrau on Wednesday.

“As China, as India needs oil and they must provide stable supplies. To date China has been more successful in Kazakhstan, it is the nearest neighbor of this country. I can suppose that China is ready to pay additional money for this share of Conoco in Kashagan. We’ll see what the Indian company will offer,” - Richard Jones said, answering for the question about who has more chances to buy the sold stake in Kashagan.