Kazakhstan’s KazMunayGaz Says Aims for Oct-Nov IPO
Kazakh state oil and gas firm KazMunayGaz plans to float its shares in October or November this year, deputy chief executive Zhakyp Marabayev said on Tuesday. Marabayev, speaking at a meeting at the energy ministry, provided no other details. Kazakhstan has said it would sell a stake of up to …
Embamunaigas JSC has Changed Chairman of the Board of Directors
By the decision of the Board of Directors of Embamunaigas JSC (Minutes No. 14 of 04.05.2019), the powers of the Chairman of the Board of Directors of the EMG Iskaziyev Kurmangazy Oryngaziyevich were terminated early. Member of the Board of Directors of EMG Marabayev Zhakyp Nasibkalievich – Deputy Chairman of the …
Vitol to Offer $650 mln more to Kazakhstan in Oil Prepayment Deal
Latest Kazakh deal could be signed next week – source New funds will raise prepayment to $2.25 bln Prepayments help traders secure supplies, lift margins By Julia Payne, Olzhas Auyezov and Gleb Gorodyankin Major European trader Vitol is set to increase its cash-for-oil deal with Kazakhstan’s state energy firm by …
JSC KazMunaiGas Exploration Production Financial Results for the First Six Months of 2017
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: Operating Results for First Quarter of 2017
Production Overall, KMG EP, including its stakes in Kazgermunai (“KGM”), CCEL (“Karazhanbasmunai”) and PetroKazakhstan Inc. (“PKI”), produced 2,904 thousand tonnes of crude oil (238 kbopd) for the first quarter of 2017, a 5% decrease on the same period of 2016. The lower levels of production were largely due to natural …
JSC KazMunaiGas: Resolutions of the Meeting of the Board of Directors
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 …
KazMunaiGas Exploration Production: To Increase Domestic Pricing Policy
JSC KazMunaiGas Exploration Production updates on domestic pricing for 2015 and 2016. Until 2015, the Company supplied oil to the domestic market in line with the volumes outlined in the IPO Prospectus (2006-2010: up to 1.9 million tonnes; 2011-2015: in line with volumes outlined in the Company’s business plan, which …
Kazakh Drilling Industry Gathered for Inaugural Kazakh Drilling Roundtable
Transforming the Drilling Market for the Future Benefit of Kazakhstan The 1st KDR, Kazakh Drilling Roundtable, (www.kazdr.kz) took place on the 17th September 2015, at the Rixos President Hotel in Astana. This unique forum addressed the strategic direction and key challenges faced within the Kazakh drilling sector. Astana, Kazakhstan, 15th …