S&P revises Zhaikmunai outlook to positive; affirms ‘B’ rating

    The outlook revision follows Zhaikmunai’s strong operating performance in the first quarter of 2012, with production more than doubling following the successful ramp up of the company’s newly completed gas treatment facility (GTF). We anticipate that this strong performance will continue into 2013. Zhaikmunai’s strong cash flow also improved the...