Roxi Petroleum gets go-ahead for NW Konys Field

Shares of Kazakhstan focused Roxi Petroleum rose 10% after the Kazakh government gave the green light to gas flaring on the NW Konys Field for the next two years.

Shares of Kazakhstan focused Roxi Petroleum rose 10% after the Kazakh government gave the green light to gas flaring on the NW Konys Field for the next two years.

The Republic of Kazakhstan's Ministry of Oil & Gas approval, for the period 2012 to 2014, is the final regulatory consent needed before pilot production can start on the NW Konys Field.

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