Kazakhstan Oil & Gas Report Q3 2012 - New Market Research Report
BMI View: Despite widespread strikes and protests in the oil-rich province of Mangystau in 2011, our outlook for Kazakhstan remains broadly optimistic now trouble has subsided and disgruntled oil workers have returned to work - with the impact of the movement seemingly rather limited. Meanwhile, KazMunaiGas' acquisition of a 10% stake in Karachaganak will greatly improve the upstream environment, particularly for the IOCs involved in the project.
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