OREANDA-NEWS. September 18, 2007. KazMunaiGaz Exploration & Production, a unit of Kazakhstan's national oil and gas company, said Monday that first-half profit rose 16 percent on increased oil output.

Net income climbed to 58.1 billion tenge ($472 million) from 50.2 billion tenge a year earlier, the company said.

KazMunaiGaz produced 4.94 million tons of crude oil in the period, an increase of 288,000 tons from a year earlier, the company said.