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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
humgruffin
  • A terrible or repulsive person.
Regarding the etymology of 'humgruffin,' the OED says (rather unhelpfully) that it's a 'made-up word.' We might guess that 'hum' comes from 'humbug' or possibly 'hum' meaning 'a disagreeable smell,' while 'gruffin' could be a combination of 'gruff' and 'griffin.'