Kazakh National Oil Company KazMunaiGas Announces Major Presence At ‘Caspian Energy Hub’
KazMunaiGas (KMG), the national oil company of Kazakhstan today announced its intention to establish a major presence at Caspian Energy Hub (CEH), the fourth in a series of energy cities conceived by leading GCC Islamic investment bank Gulf Finance House. In a move that underlines the heavy momentum building on the CEH initiative, KMG will also be calling on all foreign energy companies to follow their lead as Kazakhstan bids to double domestic oil production and triple gas production by 2015.