Kazakh Company Increases Oil Production in 2007
Kazakhstan, Astana / Trend corr. K.Konirova / The exploration production company KazMunayGas increased oil production in 2007.
"The volume of production made up 10,639 tons of oil in 2007, which is 11.64% up form 2006," a press-release stated.
The increase of oil production is connected to the acquisition of 50% share in CITIC Canada Energy Limited.
The company was second after Kazakhstan by the volume of oil production in 2007.
KazMunayGas was established in March 2004 as a result of a merger with the daughter company of KazMunayGas Embamiunaygas and Uzenmunaygas.