KMG Increases Oil Output

KazMunaiGas Exploration Production (KMG) increased its crude oil output by 11% year-on-year during the first half of 2010 after acquiring a stake in oil firm PetroKazakhstan.

KMG produced 6.2 million tonnes of crude oil, which includes production from its stakes in Kazgermunai, CCEL and PetroKazakhstan, 610,000t more than during the same period of 2009.

In the first half of the year, KMG produced 4.3 million tonnes of oil at its Uzenmunaigas and Embamunaigas production facilities, 2% less than for the same period of 2009.

The decline in production was attributed to a delay caused by a workers’ strike at Uzenmunaigas.