KazMunaiGas: AGM and the meeting of the Board of Directors
KazMunaiGas Exploration Production (“KMG EP” or the “Company”) held its Annual General Meeting and Board of Directors meeting. The shareholders approved the Financial Statements and the Annual Report for 2011. They also approved for 2011 a dividend of 1,300 Tenge (including taxes to be withheld in accordance with the legislation …
KazMunaiGas Exploration Production: Q1 Results – Profit up 8%
JSC KazMunaiGas Exploration Production announces its condensed consolidated interim financial statements for the three months ended March 31, 2012. – Revenues increased by 8% to 207bn Tenge (US$1,396m)1 compared to the same period of 2011 on higher Brent and domestic prices offset by reduced export volumes. – The average price of Brent …
KazMunaiGas: Reserves and Resources Assessment as at 31 December 2011
КаzМunaiGas Exploration Production today announces the results of the annual assessment of Reserves and audit of Contingent Resources, as at 31 December 2011 by the independent energy consulting firm Gaffney, Cline & Associates (“GCA”). These Reserves and Resources have been estimated in accordance with the 2007 Petroleum Resources Management System …
KazMunaiGas Exploration Production Year End Numbers Hit by Strike Action and Tax Increases
JSC KazMunaiGas Exploration Production released its consolidated financial statements for the year ended December 31, 2011. – Revenues increased by 19% to 708bn Tenge (US$4,832m) compared to 2010 on higher Brent and domestic prices offset by reduced export volumes. Average Brent price in 2011 increased by 41% to US$111 per …
KazMunaiGas Exploration Production held an Extraordinary General Meeting of shareholders
Today JSC KazMunaiGas Exploration Production (“the Company” or “KMG EP“) held an Extraordinary General Meeting of shareholders at which a member of the Company’s Board of Directors, Askar Balzhanov, was relieved of his duties . Lyazzat Kiinov has been appointed as a member of the Company’s Board of Directors for …
BG Group Reaches Agreement with the Republic of Kazakhstan on Karachaganak
BG Group today announced that the Republic of Kazakhstan (RoK) and the contracting companies in the giant Karachaganak gas-condensate field in north-west Kazakhstan have reached an agreement that will support the further development of the field. The agreement, effective from 30 June 2012 on satisfaction of conditions precedent, involves Kazakhstan’s …
New KIOGE business programme ‘looks East’ in 2011.
Kazakhstan’s largest oil and gas trade event, KIOGE will launch a new business-focused conference programme this year on 6-7 October at the InterContinental in Almaty. A key topic of the programme is ‘Looking East’, which explores commercial prospects in the growing Chinese oil and gas market and provides an update …