KazMunaiGas EP Oil Output Drops as Labor Strikes Curb Operations
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KazMunaiGas Exploration Production, the London-listed unit of Kazakhstan’s state energy company, said oil output fell 7 percent last year after labor strikes curtailed operations.
KazMunaiGas EP produced 12.3 million metric tons of crude, 944,000 tons less than in 2010, the Astana-based producer said today in a statement. It attributed most of the decline to its Uzenmunaigas unit in the west of the country, where a work stoppage over pay began in May.