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Nostrum Oil & Gas PLC - Amsterdam-headquartered oil and gas company with operations in Kazakhstan - Says Ural Oil & Gas LLP ‘signed a turnkey contract for complex construction works with a contractor in relation to Ural's Rozhkovsky field development project’. Explains that Nostrum's subsidiary Zhaikmunai LLP and Ural Oil have a 2018 agreement under which Zhaikmunai processes gas from Ural's Rozhkovsky field. Nostrum expects production to start in the fourth quarter of 2023.
‘Nostrum also notes that the company is continuing its discussions with other third parties regarding the processing of gas through Zhaikmunai's infrastructure,’ it adds.
Current stock price: 6.79 pence, down 8.2% on Tuesday
12-month change: down 44%
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