KMG EP looking to work in Turkmenistan and Russia

October 7. Interfax-Kazakhstan. Almaty

KMG EP looking to work in Turkmenistan and RussiaKazakhstan’s KazMunaiGas Exploration and Production (KMG EP) is willing to purchase oil and gas assets abroad.

“We plan to acquire assets abroad, particularly in Turkmenistan and Russia,” the company’s General Director Kenzhebek Ibrashev said at the KIOGE-2010 conference in Almaty on Thursday.

He added that KMG EP and its partners were interested in joining foreign projects as co-operators.

KMGEP is among the top three Kazakh oil and gas producers. The company’s shares are listed on Kazakhstan Stock Exchange and the GDRs are listed on London Stock Exchange. The company raised approximately US$2 billion in its IPO in September 2006.