Kazmunaigaz Exploration and Production, a subsidiary of Kazakhstan\'s national oil company Kazmunaigaz, says it plans to list about 40 percent of its capital on the London and Kazakhstan stock markets. \"I am very pleased that Kazmunaigaz Exploration and Production is today announcing its introduction on the stock market,\" managing director Askar Baljanov said Monday. A company statement did not disclose the amount of money the group hopes to raise. But the Financial Times newspaper in its Monday edition, citing banking sources close to the transaction, said the listing could be worth up to one billion pounds (1.9 billion dollars, 1.5 billion euros). Kazmunaigaz Exploration and Production is the third largest oil producer in Kazakhstan, with average output of 188,000 barrels a day and reserves estimated at 1.5 billion barrels. (AFP)