Delixy signs LOI to acquire up to 48% stake in Kazakhstan Sarybulak oil field operator TBM

• Delixy signed a non-binding LOI to pursue a strategic deal for up to 48% of Tarbagatay Munay, operator of Kazakhstan’s Sarybulak oil field.
• Two structures under review: an equity acquisition to secure operating and profit rights, or an asset merger with restructuring.
• Project sits about 90 km from the China-Kazakhstan border, supported by a company-owned cross-border pipeline supplying gas to China for 13 years.
• Aggregate gas deliveries reached nearly 4,000,000,000 cubic meters by end-April 2026; commercial crude oil sales started in Q1 2026.
• Tarbagatay Munay reports about 100,000,000 metric tons of approved original oil in place; completion hinges on due diligence and Kazakhstan approvals.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Delixy Holdings Ltd. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202609160800PRIMZONEFULLFEED9828110) on September 16, 2026, and is solely responsible for the information contained therein.