OREANDA-NEWS. KazMunaiGas Exploration Production JSC (Astana), whose shares are officially listed on Kazakhstan Stock Exchange (KASE), has provided KASE with the following press-release:

"...JSC KazMunaiGas Exploration Production ("KMG EP" or the "Company") announces the approval by the Board of Directors (“the Board”) of the Company’s 2016 budget and 2016-2020 business plan which assume the average annual Brent price of US$40.1 per barrel in 2016-2017, US$50.1 per barrel in 2018-2020 and an average annual exchange rate of 300 Tenge per US dollar".