Financial Times FT.com

KazMunaiGaz: Oil producer sets its sights high

By Isabel Gorst

Published: December 15 2004 07:12 | Last updated: December 15 2004 07:12

Strong state companies are in the ascendant in most big oil producing countries. Kazakhstan, which plans to triple output in the coming decade, will be no exception.

KazMunaiGaz (KMG), founded by presidential decree in February 2002 out of a mixed bag of state oil and pipeline enterprises, is beginning to flex its muscles, helped by privileges woven into the country’s emerging oil legislation.

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