KazMunaiGas Exploration Production (KMG EP) on Wednesday reported that first-half net profit increased 4.6 times year-on-year, mainly due to a significant pre-tax foreign exchange gain as a result of the tenge devaluation.
A consortium developing Kazakhstan's huge Kashagan oilfield said it had appealed a 134.2 billion tenge ($737 million) fine by a regional Kazakh authority for ecological damage at the site in the Caspian Sea.
Devaluation of Tenge boosts Kazakh miner while investors await Janet Yellen testimony
Markets are moving sharply higher ahead of Janet Yellen's first testimony as chair of the US Federal Reserve, with mining shares leading the way.
News that the...