Middle East Economic Survey


No 14



KMG EP Puts Oil Reserves At 234Mn Tons At End-2009

KazMunaiGas Exploration Production (KMG EP) on 11 March announced that its proved plus probable (2P) oil reserves were 234,415,000 tons (1.725bn barrels) as of the end of 2009, according to an annual reserves audit carried out by the UKs energy consulting firm Gaffney, Cline and Associates. KMG EP said in a statement that the audit covered its interests in the Uzen and Emba oil...