27.07.2015, 14:58
KazMunaiGas EP says Uzen and Karamandybas agreement was extended until 2036
OREANDA-NEWS. KazMunaiGas EP JSC (Astana), whose shares are officially listed on Kazakhstan Stock Exchange (KASE), has provided KASE with the following press release:
"...KazMunaiGas EP JSC ("KMG EP" or the "Company") announces that the Ministry of Energy of the Republic of Kazakhstan and Ozenmunaigas JSC where KMG EP holds a 100% have stake signed an Addendum No. 5 on the extension of the agreement No. 40 of May 31, 1996 on the development of oil deposits Uzen and Karamandybas in Mangistau region until May 31, 2036 inclusive. The previous version of the agreement was valid until 2021".
"...KazMunaiGas EP JSC ("KMG EP" or the "Company") announces that the Ministry of Energy of the Republic of Kazakhstan and Ozenmunaigas JSC where KMG EP holds a 100% have stake signed an Addendum No. 5 on the extension of the agreement No. 40 of May 31, 1996 on the development of oil deposits Uzen and Karamandybas in Mangistau region until May 31, 2036 inclusive. The previous version of the agreement was valid until 2021".
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