The Silk Road Intelligencer has moved!

You should be automatically redirected in 3 seconds. If not, please visit
http://silkroadintelligencer.com
and update your bookmarks.

Silk Road Intelligencer: KazMunaiGas: Kazakhstan's National Oil Company

Sep 12, 2007

KazMunaiGas: Kazakhstan's National Oil Company

A recently published paper by Martha Brill Olcott on KazMunaiGas:

"The size of Kazakhstan’s oil and gas reserves alone make Kazakhstan’s national oil company, Kazmunaigaz (KMG), a worthy inclusion in any study of national oil companies. Kazakhstan's proven oil reserves are estimated between 9 billion and 17.6 billion barrels, including both onshore and offshore fields, 1 making it a potential producer of considerable influence. When Kazakhstan’s major new projects reach full production (probably in 2015), it hopes to produce at least 3 million barrels of oil a day, which would make it a larger producer than Norway, and just behind Mexico and Iran. Even today Kazakhstan is an oil producer of consequence, producing 1.29 million barrels a day. 2 And virtually anyone interested in investing in Kazakhstan is forced to work, in one form or another, with NC KMG."

Read more...

No comments: