NEW PRODUCTION RECORD AT KARACHAGANAK, 29.10.2002

AKSAI, Western Kazakhstan oblast, 29 October 2002 -- The Unit 3 team of the Karachaganak Integrated Organisation (KIO) has continued its impressive record-breaking production achievements. .

They have now lifted the daily production records to above 18,000 tonnes for condensate and 16,000 million cubic metres for gas.

In fact, the 18,000 tonnes barrier was broken on a number of occasions in October, with the current record established at 18,928 tonnes on 27 October.

Commenting on these performances, KIO Operations Director Mario Becherucci said: "This repeated setting of new records is proof of the commitment of our operations personnel and their constant effort to reach the targets set. It is the best guarantee we have for the future production of the company."

The new record for gas delivery set on 24 October was 16,693 m million cubic metres of gas.

The 2002 delivery plan foresees a record of 5 million tonnes of condensate and 4.7 billion cubic metres of gas from the Karachaganak field.