EP KMG reduces plan of capital investments in 2015 by 26%
Edited by Rhod Mackenzie / 2015-04-02 07:29:29
The Board of Directors of the mining subsidiary of the Kazakh national company KazMunaiGas Exploration Production KazMunaiGas (EP KMG) reduced capital investments for 2015 in the budget plan, revised in late March, by 26% as compared with the plan, approved in December 2014, the press centre of the company reports.
The report says that the updated budget for 2015 was approved on the basis of the average price for Brent crude oil of $50 per barrel, while in December, the company's budget for 2015 was approved with the price per barrel of Brent crude oil in the amount of $70.
