CASPIAN

KMG EP Moves To Ease Zhanaozen Crisis

KMG EP, the upstream arm of Kazakh state oil and gas firm KazMunaiGaz (KMG), announced on 9 January that it had decided to establish two new subsidiaries that will re-employ the majority of the 2,000 oil workers laid off since June 2011, when they went on strike over decreased payment rates. The move is intended to ease political tensions in Kazakhstan’s Aktau oil producing province, which was shaken by the killing of 16 protesters in the...