Report summaryThe Kazgermunai (KGM) JV operates several oil fields in the South Turgai basin, with most production from the Akshabulak deposits. KGM is 50% owned by KazMunaiGas Exploration Production (KMG EP) and 50% by PetroKazakhstan, the basin's dominant operator. KMG EP holds a 33% interest in PetroKazakhstan, alongside CNPC and its PetroChina subsidiary.Oil production peaked in 2009 and has since plateaued at 60-65,000 b/d. KGM intends to stabilise output at 60,000 b/d (3 million tonnes per ...
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