KazMunaiGas Exploration Production: 9M & 2015 Results – Profits Nearly Halved
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 …
KazMunaiGas Exploration Production: 9M & 2015 Results – Profits Nearly Halved
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 …
KazMunaiGas Exploration Production: 9M Results – Production Slightly Up
JSC KazMunaiGas Exploration Production announces its operating results for the first nine months of 2015. KMG EP produced 9,245 thousand tonnes of crude oil (251kbopd), including the Company’s stakes in Kazgermunai (KGM), CCEL (Karazhanbasmunai) and PetroKazakhstan Inc. (PKI), which is 0.3% more than in the same period of 2014. Ozenmunaigas …
KMG EP: Appoints Kurmangazy Iskaziev as New Chief Executive Officer
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 …
KMG EP: Hit with 37bn Tenge of Back Taxes and Fines
JSC KazMunaiGas Exploration Production announces that the Kazakhstan tax authority has completed their desk audit of KMG EP which commenced in September 2014 for the period between 2009 and 2012. Following the audit, the tax authority has charged an additional 18.2 billion tenge, imposed a penalty of 9.7 billion tenge …
KMG EP: Abat Nurseitov Resigns as CEO
JSC KazMunaiGas Exploration Production announces that the Abat Nurseitov, Company’s CEO, has tendered his resignation as the Company’s CEO (Chairman of the Management Board) and member of the Board of Directors due to his transfer to another job, which was accepted by the Board of Directors. The decision on the …
KMG E&P: 1H Results – Production Up 0.3%
JSC KazMunaiGas Exploration Production announces its operating results for the first six months of 2015. KMG EP, including its stakes in Kazgermunai (“KGM”), CCEL (“Karazhanbasmunai”) and PetroKazakhstan Inc. (“PKI”), produced 6,122 thousand tonnes of crude oil (250 kbopd) in the six months of 2015, an 0.3% increase over the same …
KMG E&P: 1H Results – Production Up 0.3%
JSC KazMunaiGas Exploration Production announces its operating results for the first six months of 2015. KMG EP, including its stakes in Kazgermunai (“KGM”), CCEL (“Karazhanbasmunai”) and PetroKazakhstan Inc. (“PKI”), produced 6,122 thousand tonnes of crude oil (250 kbopd) in the six months of 2015, an 0.3% increase over the same …
KMG EP: Confirms KBM Contract Extension
JSC KazMunaiGas Exploration Production (“KMG EP” or “Company”) is pleased to announce that an addendum has been signed to extend the contract for the production of raw hydrocarbons at Karazhanbas oil and gas field of Mangystau Province to the 7th of June 2035. The addendum to Contract No.60 dated 23 …
KMG EP: Approves the Revision of the 2015 Budget and Business Plan for 2015-2019
JSC KazMunaiGas Exploration Production (“KMG EP” or the “Company”) held its regular Board of Directors (“the Board”) meeting and the Annual General Meeting of Shareholders (“AGM”) on May 19, 2015. 2015 budget revision The Board of Directors approved the revision of the 2015 budget and business plan for 2015-2019. Production …