January 22, 2013 12:46
KMG EP cuts oil production 1% in 2012
ALMATY. Jan 22 (Interfax) - JSC KazMunaiGas Exploration Production (KMG EP) cut oil production 1% to 12.191 million tonnes in 2012, the company said in a press release.
This includes the output of the company's stakes in Kazgermunai (KGM), CCEL and PetroKazakhstan Inc. (PKI) - 150,000 tonnes, or 1% less than in 2011.
JSC Uzenmunaigas (UMG) produced 4.950 million tonnes of oil, or 131,000 tonnes less than the year before. JSC Embamunaigas (EMG) produced 2.816 million tonnes, the same as in 2011. In total, UMG and EMG produced 7.766 million tonnes of oil.
The company's share in production from KGM, CCEL and PKI for 2012 totaled 4.425 million tonnes of oil, about the same as in 2011 and in line with the production plans of these companies.
In 2012, KMG EP's export and domestic sales from UMG and EMG were 6.091 million tonnes and 1.646 million tonnes, respectively. The company's share in sales from KGM, CCEL and PKI was 4.41 million tonnes of oil, including 3.428 million tonnes, or 78% of total sales, supplied to export markets.
KMG EP, a subsidiary of Kazakhstan's national oil and gas company KazMunayGas, was created in March 2004 as result of the merger of two KazMunayGas subsidiaries - EmbaMunayGas and OzenMunayGas.
KMG EP is among the top three Kazakh oil and gas producers. The company's shares are listed on the Kazakhstan Stock Exchange, and its GDRs are listed on the London Stock Exchange.
(Our editorial staff can be reached at email@example.com)
July 02, 2015
Law rescheduling parliament election to Sept 2016 planned to be passed on Friday - Naryshkin
Social priorities of Russian govt should not come under doubt even with tight budget - PM (Part 2)
Dialogue with Kyiv to continue, impossible to exist without such dialogue - DPR's Purgin (Part 1)
DPR accuses Ukrainian army of 46 truce breaches in past 24 hours
PUTIN TO HOST RUSSIAN SECURITY COUNCIL MEETING ON JULY 3 TO CONSIDER MEASURES TO NEUTRALIZE THREATS TO NATIONAL SECURITY AMID SANCTIONS - KREMLIN
Magnit executive named first deputy head of Russian Post for operations management
Russian international reserves down $2.6 bln in week
RUSSIAN INTERNATIONAL RESERVES AT $362 BLN IN WEEK TO JUNE 26, DOWN FROM $364.6 BLN ON JUNE 19
Polyus Gold ups Blagodatnoye recovery plant capacity 7% to 7.3 mln tonnes (Part 2)
MICEX and RTS Indexes at 15:00 MSK
Russia to befriend Cuba even after Cuba restores diplomatic relations with U.S. - Naryshkin
Medvedev urges improvement in social payments system
New formats of Palestinian-Israeli negotiations should be explored - Palestinian foreign minister