Ozenmunaigas: Administrative fine of 212.6 billion Tenge dismissed by court
Further to the press release dated 27 February 2014, reconfirming the successful appeal of an administrative fine of 212.6 billion Tenge against JSC Ozenmunaigas (“OMG”), JSC KazMunaiGas Exploration Production (“the Company”) is today pleased to announce that the Specialized Administrative Court in Aktau of Mangistau region (“the Court”) has ruled …
KMG E&P’s Ozenmunaigas Hit with Envirnomental Damage Charge
JSC KazMunaiGas Exploration Production announces that the Department of Ecology of Mangystau Region (“Department of Ecology”) has presented JSC “Ozenmunaigas” (OMG) with a claim for environmental damage for the amount of 327.9 billion Tenge in relation to the disposal of contaminated soil. This claim is made on the same basis …
KazMunaiGas Exploration Production: 2013 Financial Results, Profit Down 12%
JSC KazMunaiGas Exploration Production announces its consolidated financial results for the year ended 31 December 2013. The Company’s revenues in 2013 were 816.7bn Tenge (US$5,368m), 2% higher than in 2012. In 2013 average Brent price declined by 3% compared with 2012. Export sales volumes dropped by 1%, whereas domestic sales …
KMG EP: Board Meeting Results – Keen to Spend $300m USD on Exploration Activities
JSC KazMunaiGas Exploration Production held its regular Board of Directors meeting. Among the major decisions the Board approved the 2014 budget and business plan for the period of 2014-2018. Production In the first eleven months of 2013 production at Ozenmunaigas (OMG) increased by 5% compared with the corresponding period of …
Ozenmunaigas Visists Tatneft
A delegation of leading professionals of JSC “Ozenmunaigas” headed by Atkoshchy Ketebaev, Deputy Director General for Personnel and Social Affairs, visited TATNEFT Company. The delegation including heads of departments of oil and gas production and transport, as well as personnel management and staff development, got familiarized with the activities of …
KazMunaiGas Exploration and Production: Financial Results – Profit down 46% Due to Impairment Charge
JSC KazMunaiGas Exploration Production announces its condensed consolidated interim financial results for the nine months ended September 30, 2013. · In the first nine months of 2013 average Brent price declined by 3% from US$112.24 to US$108.46 per barrel compared to the same period of 2012. Export sales volumes dropped …
KazMunaiGas E&P: Shows Marginal Production Increase
JSC KazMunaiGas Exploration Production announces its operating results for the first nine months of 2013. KMG EP produced 9,228 thousand tonnes of crude oil (250kbopd), including the Company’s stakes in Kazgermunai (KGM), CCEL (CCEL) and PetroKazakhstan Inc. (PKI), which is 120 thousand tonnes or 1% more than in the same …