Middle East Economic Survey
KMG Announces Delay Of Kashagan Phase 2 To 2018-19
A spokeswoman for the Kazakh state wealth fund Samruk-Kazyna told Dow Jones on 12 August that KazMunaiGaz (KMG) CEO Kairgeldy Kabyldin informed the funds board of directors that the second phase of Kashagan production has been postponed until 2018-19. Samruk-Kazyna manages all state-owned enterprises and Mr Kabyldin sits ex officio on its Board of Directors. Mr Kabyldin was quoted...