Middle East Economic Survey
VOL. LIII
No 40
4-Oct-2010
CASPIAN
KMG EP Buys Two Kazakh Independents For $65Mn
KazMunaiGas Exploration Production (KMG EP), the London-listed subsidiary of Kazakh state firm KazMunaiGaz, announced on 28 September that it has decided to buy outright the Kazakh independent exploration and production firms NBK and SapaBarlauService (SBS), for $35mn and $30mn respectively. NBK is operator of the Novobogatinskoye West field, which is currently undergoing production...
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