21 Oct 2009 19:56

KMG could partner foreign cos on Kazakh shelf

MOSCOW. Oct 21 (Interfax) - KazMunayGas (KMG) is prepared to operate on Kazakhstan's shelf as a partner to foreign companies, the Kazakh national oil and gas company's investor relations chief, Alexander Gladyshev, said at the UBS conference in Moscow.

"We're prepared to operate on Kazakhstan's marine shelf and participate in these projects not as an operating company but as a partner, in order to gain the necessary expertise in fields like this," Gladyshev said.

He also said the company was looking at working beyond Kazakhstan in partnership with foreign companies. It already works with BG, for example.