KMG

JSC KazMunaiGas Exploration Production (“KMG EP” or “Company”) announces its operating results for the year 2017. Production KMG EP, including its stakes in Kazgermunai (“KGM”), Karazhanbasmunai (“CCEL”) and PetroKazakhstan Inc. (“PKI”), produced 11,867 thousand tonnes of crude oil (240 kbopd) for 2017, a 2% decrease over 2016. Ozenmunaigas JSC (“OMG”) …

The Ministry of Energy of the Republic of Kazakhstan, Eni and KazMunayGas (KMG) signed yesterday the agreement to transfer to Eni 50% of the subsoil use rights of the Isatay block, located in the Caspian Sea, for exploration and production of hydrocarbons. The block is estimated to have significant potential for …

Astana, 15 December 2017. JSC KazMunaiGas Exploration Production (“KMG EP” or the “Company“) announces that following its announcement of 8 December 2017 regarding the Company’s launch of a tender offer (the “Tender Offer“) to purchase its GDRs and to delist from the London Stock Exchange (“LSE”) and Kazakhstan Stock Exchange …

JSC KazMunaiGas Exploration Production (“KMG EP” or the “Company”) announces that its Board of Directors (“the Board”) has approved the Company’s 2018 budget and 2018-2022 business plan. KMG EP’s Independent Directors abstained from voting on approval of the 2018 budget and 2018-2022 business plan. The budget for 2018 assumes a …

1. Firstly, congratulations on your new role and position at JSC NC KazMunayGas. For our readers, can you please describe your new position and your areas of responsibilities? Thank you. From June 12th, I have taken up the position of the Executive Vice-President for production, exploration and oil field services. …

Astana, 30 June 2017. KazMunaiGas Exploration Production JSC (“KMG EP” or the “Company”) announces changes in the Management Board. The Board of Directors has appointed Kuanyshbay Nurgaliyev, Managing Director for Operations and Field Development, and Bekmurat Naizabekov, Managing Director for Marketing, Purchase and Sales of Oil. They replace Dauletzhan Khassanov …

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 …

JSC KazMunaiGas Exploration Production (“KMG EP” or the “Company”) held an extraordinary general meeting of its shareholders (“EGM”), where the new Board was elected for a term to May 25th, 2017 inclusive. The EGM appointed Mr Gustave Louis Eugene van Meerbeke, representative from the National Company KazMunayGas (“NC KMG”) to …

JSC KazMunaiGas Exploration Production  announces its full year operating results for 2015. KMG EP produced 12,351 thousand tonnes of crude oil (251 kbopd), including the Company’s stakes in Kazgermunai (KGM), CCEL (Karazhanbasmunai) and PetroKazakhstan Inc. (PKI), almost at the level of 2014. Ozenmunaigas JSC (OMG) produced 5,510 thousand tonnes (111 kbopd) …

JSC KazMunaiGas Exploration Production (“KMG EP” or “Company”) is pleased to announce that addendum No.5 to contract No.40, dated 31 May 1996, has been signed to extend the contract for development of Uzen and Karamandybas oil fields of Mangystau Province between the Kazakh Ministry of Energy and Ozenmunaigas, where KMG …