In this issue:
2 Corporate news
2 KazMunaiGas EP, BG To Jointly Explore White Bear Prospect
2 Uranium One sees ARMZ deal by yr-end after shareholder thumbs-up
2 Upcoming events
3 Industry news
3 Kazakhstan to double oil duty, metals may escape
3 CPC Revises Up September Crude Shipments 5% To 2.7 Million Tons
4 Politics and Economics
4 Kazakhstan Expects Economic Growth to Slow to 3.1% Next Year
4 Living wage in August - 14 581 KZT
4 President assigned Parliament to consider and pass Law on Migration
5 KASE & Market wrap
6 AFS-Research productline
7 AFS Research services
KazMunaiGas EP, BG To Jointly Explore White Bear Prospect
London-listed Kazakh oil and gas producer KazMunaiGas Exploration Production, or KMG EP, is acquiring a 35% interest in the White Bear gas condensate prospect, a BG Group-operated license in the U.K. Central North Sea, the companies said Tuesday.
"The White Bear prospect, within the P1722 license, is located close to the BG Group's existing Everest and Armada producing assets," KMG EP and BG said in a joint statement.
"BG will retain the remaining interests and will continue to operate the license on behalf of the partners," the statement said. "The license carries an outstanding commitment to drill one further exploration well and the partners plan to drill this well in 2011.
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