KMG EP profits take a hit

Kazakh oil producer KazMunaiGas Exploration Production (KMG EP) saw its profits tumble 23% last year as it was hit by an impairment charge related to a strike, as well as higher taxes and costs.

Deadly: clashes in Zhanaozen in December 2011
Deadly: clashes in Zhanaozen in December 2011
Published 13 March 2013, 09:56Updated 11 October 2016, 14:27
EuropeEastern Europe