JSC KazMunaiGas Exploration Production

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 …

JSC KazMunaiGas Exploration Production (“KMG EP” or “Company”) announces its operating results for the first nine months of 2017. Production KMG EP, including its stakes in Kazgermunai (“KGM”), Karazhanbasmunai (“CCEL”) and PetroKazakhstan Inc. (“PKI”), produced 8,884 thousand tonnes of crude oil (239 kbopd) in the first nine months of 2017, …

JSC KazMunaiGas Exploration Production (“KMG EP” or the “Company”) held its regular Board of Directors meeting. During this meeting, Mr. Dauren Karabayev was elected as the Chairman of the Board, replacing Mr. Igor Goncharov, who has elected to leave JSC “National Company “KazMunaiGas” (“KMG NC”). Mr. Dauren Karabayev is an …

JSC KazMunaiGas Exploration Production announces its consolidated financial statements for the year ended 31 December 2016.  Revenue in 2016 was up 37% year on year and amounted to 727bn Tenge (US$2,128m1). This was largely the result of the switch to the processing scheme and 54% increase in the average …

KazMunaiGas Exploration Production is pleased to announce that in accordance with a positive review of the Company’s 2009– 2012 tax audit appeal by the State Revenue Committee of the Ministry of Finance of the Republic of Kazakhstan, the initial tax charge was reduced by 25bn Tenge to 13.5bn Tenge. The Company …

JSC KаzМunaiGas Exploration Production announces the results of an independent audit of liquid hydrocarbon reserves at the Ozenmunaigas JSC, Embamunaigas JSC, KazGPZ LLP and Ural Oil and Gas LLP (KMG EP share – 50%) fields as at 31 December 2016. The audit was performed by independent consultant DeGolyer and MacNaughton …

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 (“KMG EP” or “the Company”) announces condensed consolidated interim financial statements for the nine months ended 30 September 2015. – Net profit for the first nine months of 2015 was 138bn Tenge (US$703m[1]) compared with 242bn Tenge (US$1,357m) for the same period in 2014. A decline …

JSC KazMunaiGas Exploration Production (“KMG EP” or “the Company”) announces condensed consolidated interim financial statements for the nine months ended 30 September 2015. – Net profit for the first nine months of 2015 was 138bn Tenge (US$703m[1]) compared with 242bn Tenge (US$1,357m) for the same period in 2014. A decline …

JSC “KMG EP” announces that Kurmangazy Iskaziev has been appointed General Director (CEO) of KMG EP by the Board of Directors. Mr Iskaziev previously held the position of CEO of JSC Embamunaigas (EMG), one of the core production assets of KMG EP. Christopher Hopkinson, Chairman of the Board of Directors …