Latest KazMunaiGas Exploration Production Stories

2008-10-07 09:00:48

Kazakh state-owned KazMunayGas, ConocoPhillips and the Mubadala Development Company have signed a memorandum of understanding to negotiate terms for the exploration and development of the N Block, offshore Kazakhstan, under a new subsoil use contract. The parties will now have until December 31, 2008 to negotiate the definitive agreements for the assignment by KazMunayGas (KMG) of a 49% interest in the subsoil use contract to be shared equally between ConocoPhillips and the Mubadala...

2008-09-08 12:00:35

By Mark Leftly KazMunayGas Exploration Production (KMG EP), the London and Kazakh-listed oil company, is mulling a flotation on a third stock exchange. The group, which is partly state owned and Kazakhstan's second- biggest oil producer, has received offers from at least four other exchanges. KMG EP listed in London and Kazakhstan two years ago, raising $2.3bn (1.3bn). Zhanneta Bekezhanova, chief financial officer, said: "We are thinking about a third exchange. We have received offers...

Word of the Day
  • A style of popular dance music originating along the border between Texas and Mexico, characterized by the use of accordion, drums, and 12-string bass guitar and traditionally based on polka, waltz, and bolero rhythms.
The word 'conjunto' comes through Spanish, from Latin coniūnctus, past participle of coniungere, to join together; see conjoin