KazMunaiGaz invests $300 mln into geological exploration in Kazakhstan

JSC KazMunaiGaz Exploration Production is ready to invest up to $300 million into geological exploration in Kazakhstan, BNew.kz reports.

The company has carried out a revaluation of prospects of the current geological assets. Under the confirmed business-plan for 2014-2018 the focus is on more prospective blocks of the current portfolio of exploration assets. However, the company is ready to invest up to $300 million a year, in case of appearance of prospective exploration projects.

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