Middle East Economic Survey
KMG EP And CNPC Report Production Increases For 2010
KMG EP, the London-listed upstream subsidiary of Kazakhstans state firm KazMunaiGaz (KMG), announced on 12 January that it managed to increase its overall oil production by 16% in 2010 compared to 2009. This was despite a strike in March 2010 at its main production units, Uzenmunaigas and Embamunaigas. In 2010 KMG EP produced 13.29mn tons of oil (270,000 b/d). The increase was...