CASPIAN 

KMG EP May Take Part of KMG Stake In Kashagan

Alik Aidarbayev, CEO of KMG EP, the London-based upstream subsidiary of Kazakh state firm KazMunaiGaz (KMG), told Dow Jones on 16 April that it might take part of KMG’s equity in the North Caspian Operating Company (NCOC), which is developing the giant Kashagan oil field. KMG is expected to use half of its $4bn financing from the Kazakh National Oil Fund to pay for its 16.88% share in Kashagan. Mr Aidarbayev noted that...