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Sovereign Wealth Funds Briefing - Categorized | Market

KazMunaiGas 2011 oil output hit by industrial action

Posted on 10 January 2012

KazMunaiGas Exploration Production said its crude oil production fell in 2011 due to industrial action over the summer months, adding that it plans to increase capital expenditure in 2012.
KMG EP said it was in discussions with the government and Kazakhstan’s sovereign wealth fund “to ensure that shareholder interests are properly taken into consideration” concerning the extra costs related to the ventures…………………………………….Full Article: Source


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