KazMunaiGas Exploration Production announces extending validity of subsoil use contract for Karazhambas until 2035
02.07.15 16:02
/KASE, July 2, 15/ – KazMunaiGas Exploration Production JSC (Astana), whose
shares are officially listed on Kazakhstan Stock Exchange (KASE), has provided
KASE with the following press-release:
quote
JSC KazMunaiGas Exploration Production ("KMG EP" or "Company") is pleased to
announce that an addendum has been signed to extend the contract for the
production of raw hydrocarbons at Karazhanbas oil and gas field of Mangystau
Province to the 7th of June 2035. The addendum to Contract No.60 dated 23 May
1997 between the Kazakh Ministry of Energy and Karazhanbasmunai ("KBM") where
KMG EP holds 50 percent stake was signed on 26 June 2015. Previously the KBM
contract was valid until 2020.
unquote
[2015-07-02]