KMG EP: Approves the Revision of the 2015 Budget and Business Plan for 2015-2019
JSC KazMunaiGas Exploration Production (“KMG EP” or the “Company”) held its regular Board of Directors (“the Board”) meeting and the Annual General Meeting of Shareholders (“AGM”) on May 19, 2015. 2015 budget revision The Board of Directors approved the revision of the 2015 budget and business plan for 2015-2019. Production …
KazMunaiGas Exploration and Production: Q1 Results Production Down but Ahead of Targets
Today JSC KazMunaiGas Exploration Production announces its operating results for the first quarter of 2015. KMG EP including its stakes in Kazgermunai (KGM), CCEL (CCEL) and PetroKazakhstan Inc. (PKI) produced 3,037 thousand tonnes of crude oil (249 kbopd) for the first three months of 2015, which is slightly less than …
KMG EP: Profit Up Five Fold Due to Foreign Exchange Gains
KazMunaiGas Exploration Production announces its condensed consolidated interim financial statements for the six months ended 30 June 2014. · Net profit for the first six months of 2014 was 210.3bn Tenge (US$1,193m) compared to 38.8bn Tenge (US$257m) in the same period of 2013 largely due to a significant before tax foreign exchange gain as …
KMG EP: Issues 1H 2014 Figures Plus Finds Solution to Radioactive Build-Up
JSC KazMunaiGas Exploration Production announces its operating results for the first half of 2014, an update on the modernization programme, details of a memorandum signed with the environmental agency, information on the start of trial production on Liman block and an update on the decision on the sale of shares …
KazMunaiGas E&P: Shows Marginal Production Increase
JSC KazMunaiGas Exploration Production announces its operating results for the first nine months of 2013. KMG EP produced 9,228 thousand tonnes of crude oil (250kbopd), including the Company’s stakes in Kazgermunai (KGM), CCEL (CCEL) and PetroKazakhstan Inc. (PKI), which is 120 thousand tonnes or 1% more than in the same …