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...