KazMunaiGas

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KMG EP more than doubles its earnings in January through September

(SRI) - For the first nine months of 2008, KazMunaiGas Exploration Production (KMG EP), the LSE-listed subsidiary of the national oil and gas company KazMunaiGas, reported net profits of KZT 218.5 billion (USD 1.816 billion), up 111 percent compared to the same period in 2007.

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China’s CNPC, KazMunaiGaz sign natural gas agreement

(Thomson Financial - Forbes) - China National Petroleum Corp (CNPC), parent of listed Petrochina Co Ltd, said it has signed a framework agreement with Kazakhstan’s national oil and gas company KazMunaiGaz to expand cooperation in natural gas.

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KazMunaiGas EP interested in TNK-BP’s assets

(SRI) - KazMunaiGas Exploration Production (KMG EP), the London-listed subsidiary of the Kazakh national oil company, is in talks with TNK-BP to acquire its assets in the Orenburg and Tyumen regions of Russia, according to Dastan Adbulgafarov, KMG EP’s head of business development.

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KazMunaiGas approved a share buyback program

(SRI) - KazMunaiGas Exploration and Production (KMG EP), the LSE traded subsidiary of the Kazakh national oil company KazMunaiGas, said on Thursday its board had approved a $350 million share buyback program.

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KazMunaiGas may sell its Georgian gas distribution subsidiary

(SRI) - KazMunaiGas (KMG), the Kazakh national oil company, is considering the sale of its gas distribution business in Georgia, KazTransGas-Tbilisi, the company’s president Kairgeldy Kabyldin said on Tuesday.

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KazMunaiGas to develop offshore field with ConocoPhilips, Mubadala

(SRI) - KazMunaiGas, the Kazakh national oil company, signed a memorandum of understanding with ConocoPhillips and Mubadala Development Company to explore and develop the N Block, an offshore field in the Caspian Sea, the company said on Sunday.

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KazMunaiGas repays USD 1 billion loan early

(SRI) - Kazakh national oil company KazMunaiGas (KMG) said on Thursday that its subsidiary KMG Kashagan B.V. has paid off a USD 1 billion syndicated loan ahead of time to help restructure its sizable debt.

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KazMunaiGas EP more than doubles H1 profit

(SRI) - KazMunaiGas Exploration Production (KMG EP), an LSE-listed subsidiary of state-owned KazMunaiGas, reported a first-half net profit of KZT 147.5 billion (USD 1.224 billion).

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KazMunaiGas, Gazprom Neft to sign cooperation agreement

(Kazakhstan Today) - The Prime Minister of the Republic of Kazakhstan, Karim Masimov, held a meeting with the President of Gazprom Neft, Alexander Dyukov, on Friday, the agency reports referring to prime minister’s press service.

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KMG refinery plans put on hold

(SRI) - KazMunaiGas cancelled its plans to build a refinery in the Georgain port of Batumi, Russian oil industry news portal Oil of Russia reported citing a source in the Kazakh national oil company.

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