Middle East Economic Survey

VOL. LIV

No 26

27-Jun-2011

CASPIAN

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...