KazMunaiGas
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.
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.
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.
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.
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.
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.
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.
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).
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.
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.
