Middle East Economic Survey

VOL. LIII

No 9

01-March-2010

CASPIAN

KMG Confirms Interest In Karachaganak Stake

KazMunaiGaz (KMG) President and CEO Kairgeldy Kabyldin confirmed to reporters in Astana on 18 February that the state oil and gas company was interested in acquiring a share in the BG/Eni-led Karachaganak Petroleum Operating (KPO) consortium, which holds the only major Kazakh production sharing agreement (PSA) agreement in which the state holds no equity. Certainly we are...