KazMunayGas Allocated More Than 60 Billion Tenge for the Rehabilitation Project for the Uzen and Karamandybas Fields
The Chairman of the Board of KazMunayGas (KMG) M. Mirzagaliev held a meeting on the project for the rehabilitation of the Uzen and Karamandybas fields. Project budget for 2023-2024 amounted to 68 billion tenge (about 154 million US dollars). This was reported by the KMG press service. Participating in the meeting …
KMG EP: Board Recommends Not to Pay a Dividend on Ordinary Shares
KMG EP Board of Directors revised the 2016 budget and recommend dividend for 2015 JSC KazMunaiGas Exploration Production held its regular Board of Directors meeting. During this meeting, the Board approved the revised budget for 2016, recommended a dividend payment on 2015 earnings and approved the agenda items for the …
Ozenmunaigas: Fails to Secure MET Relief for the Uzen and Karamandybas Fields
KazMunaiGas Exploration & Production announces that Ozenmunaigas’ (“OMG”) request to temporarily have Mineral Extraction Tax (MET) relief for 2015, approved for the Uzen and Karamandybas fields in Mangystau Province, has not been approved by the Kazakh Government. In a low oil price environment, the Kazakh Government has the ability to …