CASPIAN

 

KMG EP Reports Output Down In First Half, Begins Modernization

Kazakhstan’s KazMunaiGas Exploration Production (KMG EP) reported on 14 August that in the first half of 2012 it produced 6.057mn tons of crude oil (248,000 b/d), which is 4% less than in the same period of 2011. The decline was mainly attributable to its Uzenmunaigas subsidiary, where output for the period was 2.467mn tons (100,000 b/d), down 266,000 tons on the same period of...