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KMG Secures Entry Into Karachaganak Consortium
Published on Monday, 19 Dec 07:00 am
After two years of pushing, Kazakh state firm KazMunaiGaz (KMG) on 14 December secured a 10% equity stake in the Karachaganak Petroleum Operating (KPO) consortium, lead by Britain’s BG and Italy’s Eni. KPO is Kazakhstan’s largest natural gas and condensate producer, with output of 15 bcm/year and 220,000 b/d.
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