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Russian, Chinese firms battle for oil in Kazakhstan
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While the government of Kazakhstan is
Positioned midway between Russia and China, Kazakhstan has the highest proven oil reserves anywhere in the Caspian Sea region and is regarded as one of the most important potential sources of new crude oil supplies to world markets. The state-run CNPC, spurred by soaring Chinese demand for petroleum, won a key victory when a court in Canada gave approval on Wednesday to CNPC
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