Middle East Economic Survey
VOL. LIV
No 11
14-Mar-2011
CASPIAN
KMG EP Annual Profits And Production Increased For 2010
London-listed KMG EP, the exploration and production subsidiary of Kazakh state firm KazMunaiGaz, announced on 3 March that its operating profit for 2010 increased by 21% to 186.7bn Tenge ($1.267bn) compared with 2009, mainly due to higher oil prices. In 2010 KMG EPs consolidated production was 13.285mn tons of crude oil (270,000 b/d), which was 16% higher than for 2009....
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