The firm said that "after long and difficult negotiations", the parties reached an agreement on all issues raised by the strikers.

The resolution committee, including the chairman of KazMunaiGaz, the head of the local administration and representatives of government ministries and departments, reached an agreement to the satisfaction of both the workers and employers and all workers had returned to work.

To date the overall loss of production at OMG is estimated at 12,000 tonnes.

On a daily basis an average production loss has been about 2% of KMG EP's consolidated daily output.

Story provided by Business Financial Newswire