Dec 4 (Reuters) - KazMunaiGas Exploration Production says:
* The board of directors has approved the company’s 2018 budget and 2018-2022 business plan.
* The company is planning free cash flows to be positive in the 2018-2022 period.
* Capital expenditure in 2018 is planned to be 142 billion tenge ($418 million), 4 pct higher than planned capital expenditure for 2017.
* Budget for 2018 assumes Brent price of $55 per barrel and exchange rate of 340 Tenge per U.S. dollar. Further company coverage: (Reporting by Olzhas Auyezov)