KazMunaiGas
OzenMunaiGas daily losses grow as strike continues
(SRI) - A strike at the OzenMunaiGas production facility continues, causing its parent company KazMunaiGas Exploration Production (KMG EP) production losses of 800 tons a day, Kazakh internet daily Vesti.kz reported.
Strike halts production at KMG EP unit
(SRI) - A strike over pay has halted operations at the OzenMunaiGas production unit, a subsidiary of KazMunaiGas Exploration Production, the company said on Friday.
KMG EP net profit down 13 percent in 2009
(SRI) - KazMunaiGas Exploration Production (KMG EP), the London-listed subsidiary of the Kazakh national oil company, said its net profit declined 13 percent to KZT209.7 billion ($1.4 billion) in 2009 due to lower oil prices and higher taxes.
KMG EP to buy 50-percent stake in MangistauMunaiGas in 2011
(SRI) - KazMunaiGas Exploration Production (KMG EP), the London-listed subsidiary of the Kazakh national oil company, expects to complete the acquisition of a 50-percent stake in MangistauMunaiGas (MMG) from its parent company by early 2011.
KMG EP to buy back preferred shares
(SRI) - KazMunaiGas Exploration Production (KMG EP), the London-listed subsidiary of the Kazakh national oil company, said Friday it intends to buy back up to 100 percent of its issued preferred shares.
KazMunaiGas invested $1.37 billion into Kashagan in 2009 - CFO
(SRI) - KazMunaiGas invested more than KZT203 billion ($1.37 billion) in the development of the Kashagan project, the state company’s Chief Financial Officer Asiya Syrgabekova told Azeri news outlet Trend Capital last week.
KazMunaiGas net profit to decline in 2010 - executive
(SRI) - KazMunaiGas, Kazakhstan’s national oil and gas company, expects its net profit to fall 25 percent in 2010 from KZT148 billion ($1 billion) to KZT110 billion ($744 million), its chief financial officer said on Thursday.
KazMunaiGas EP production falls 3.8 percent in 2009
(SRI) - KazMunaiGas Exploration Production (KMG EP), the London-traded subsidiary of the national oil and gas company KazMunaiGas, said crude output declined 3.8 percent in 2009 to 11.5 million tons (231,000 barrels per day).
KazMunaiGas acquisitions total $3.7 billion in 2009
(SRI) - KazMunaiGas (KMG), the Kazakh national oil and gas company, has acquired assets totaling $3.7 billion in 2009, the company’s CEO Kairgeldy Kabyldin said on Tuesday.
Karachaganak third development phase to cost $14.5 billion - KMG head
(SRI) - The third phase of development of Kazakhstan’s Karachaganak gas condensate field will cost about $14.5 billion, KazMunaiGas CEO Kairgeldy Kabyldin told the government last week.
