Middle East Economic Survey


No 26



KMG And Repsol Sign MOU For Adai Block Exploration

Kairgeldy Kabyldin, Chairman and CEO of Kazakh state firm KazMunaiGaz (KMG) announced on 17 June the signing of a memorandum of understanding (MOU) with Spains Repsol for joint exploration of Adai block in the Atyrau province of western Kazakhstan. Mr Kabyldin said that if oil is found there will be additional agreements and that Repsol would be invited to participate in a number...