JSC KazMunaiGas

LUKOIL, Russia’s 2-nd largest oil company, will add another project in Kazakhstan to its portfolio, said Kurmangazy Iskaziyev, Deputy Chairman of the Management Board for Exploration, Production and Oilfield Services at Kazakhstan’s state company KazMunaiGas, Trend reports. Iskaziyev made the remarks at the 26th International Caspian Oil & Gas Conference in Baku, …

JSC KazMunaiGas Exploration Production announces its consolidated interim financial results for the first three months ended 31 March 2018. Revenue for the first quarter of 2018 was up 27% year-on-year at 270bn Tenge (US$837m[1]). This was largely a result of a 24% increase in the price of Brent and an …

A deal to sell a 51 percent state in Kazakh state energy company KazMunaiGas’ Romanian unit to China’s CEFC has been postponed until the end of June, KazMunaiGas told Reuters. “The deal to sell a controlling stake in Kazmunaygaz International (KMGI) to CEFC is not definitively closed due to remaining …

Astana, 17 August 2017. JSC KazMunaiGas Exploration Production (“KMG EP” or “the Company”) announces its consolidated interim financial results for the first six months ended 30 June 2017. Revenue for the first six months of 2017 was up 39% year on year and amounted to 437bn Tenge (US$1,371m[1]). This was largely a result …

JSC KazMunaiGas Exploration Production (“KMG EP” or the “Company”) announces the acquisition of a 49% share in Karpovskiy Severniy LLP (“KS”) from MOL Hungarian Oil and Gas Plc. (“MOL”) for 1 (one) US dollar. As a result, KMG EP now owns a 100% interest in KS. All regulatory approvals have …

JSC KazMunaiGas Exploration Production (“KMG EP” or the “Company”) held its regular Board of Directors (“the Board”) meeting, where the Board approved a revision of the 2016 capital expenditures plan. As previously announced, the Company started construction of a gas treatment unit (GTU) for the Prorva group of fields at …

JSC KazMunaiGas Exploration Production announces the approval by the Board of Directors (“the Board”) of the Company’s 2016 budget and 2016-2020 business plan which assume the average annual Brent price of US$40.1 per barrel in 2016-2017, US$50.1 per barrel in 2018-2020 and an average annual exchange rate of 300 Tenge …

1H 2015 Financial Results JSC KazMunaiGas Exploration Production (“KMG EP” or “the Company”) announces condensed consolidated interim financial statements for the six months ended 30 June 2015. • Net profit for the first six months of 2015 was 2.9bn Tenge (US$16m1) compared with 210bn Tenge (US$1,193m) in the same period of …