Middle East Economic Survey
KNOC Expands Upstream Presence in Kazakhstan
Korea National Oil Corporation (KNOC) continues to expand its presence in Kazakhstans upstream sector, through last weeks purchase for an undisclosed sum of 95% of the equity of South African investment company Altius Investment Holdings, which was previously held by Swiss trading firm Vitol. Altius produces 10,000 b/d of oil from four fields in Kazakhstan. This follows KNOCs purchase...