MOL Announces Oil and Gas Discovery in Kazakhstan
MOL Plc announced that it has made a new discovery of oil and gas in Fedorovskoye Block located in northwestern Kazakhstan. This block has been explored for hydrocarbons since 2000 by a consortium of companies now including Exploration Venture Limited, First International Oil Company Ltd, and MOL Caspian Oil and Gas Ltd, an affiliate of MOL Plc. MOL Plc. has participated in the project since 2004 with 27.5% current interest.
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