Middle East Economic Survey
VOL. LIII
No 35
30-Aug-2010
CASPIAN
KMG EP Announces Compromise Over Turgai Petroleum Ownership
KasMunaiGas Exploration Production (KMG EP), the exploration and production (E&P) arm of state-owned KazMunaiGaz (KMG), announced on 20 August that it had reached a compromise with Russias Lukoil over the ownership of Turgai Petroleum, a 50:50 joint venture between Russias Lukoil and PetroKazakhstan. The dispute dates back to 2005 when PetroKazakhstan, in which Chinas...
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