KZ RU EN
Write us +7 (727) 388 8020 +7 (717) 254 2710
искать через Tengrinews.kz
искать через Google
искать через Yandex
RUB / KZT - 3.26
CNY / KZT - 29.99
EUR / KZT - 204.15
USD / KZT - 186.20
Almaty
Astana
Aktau
Aktobe
Atyrau
Zhezkazgan
Karaganda
Kokshetau
Kostanai
Kyzylorda
Pavlodar
Petropavlovsk
Semipalatinsk
Taldykorgan
Taraz
Turkestan
Uralsk
Ust'-Kamenogors
Chimkent
Tengri FM 107.5

Wednesday, 08.07.2015

+21° С

partly cloudy

KazMunaiGas to invest $4.5 billion into geological exploration in 2014-2019

26 december 2013, 12:28
0
©REUTERS
©REUTERS
KazMunaiGas National Oil and Gas Company plans to invest a total of $4.5 billion into geological exploration in 2014-2019, Tengrinews.kz reports, citing Samruk-Kazyna Sovereign Wealth Fund Managing Director Malik Salimgiriyev.

According to the Company’s Strategy, by 2022 the Company’s proven recoverable reserves of oil and condensed gas should make up 1.413 billion tons as compared to 789.6 million tons as of the end of 2013. To this end, in the following 5 years a total of about $4.5 billion will be invested into geological exploration both on land and in offshore zones, Mr. Salimgiriyev said.

He added that by 2022 the Company plans to boost the annual production of crude and condensed gas up to 35 million tons from the estimated 22.6 million tons in 2013.

“In the current year, gas shipment volume is expected at 109 billion cubic meters, oil processing operations are expected to make up 16 million tons. The Company’s consolidated net income in 2013 is to reach $2.8 billion, 17% against 2012. The Company’s capital investments excluding purchase of stakes have grown by 60% as compared to 2012, making up $5.1 billion”, Mr. Salimgiriyev said.

Нравится
Write comment
:
:

By pressing "Send" button, you express your agreement with the rules of comment section

You are welcome to comment, but please keep things civil and focused.

We will not censor comments based on the political or ideological point of view they espouse. However, we reserve the right to edit, or delete any comments that are abusive, libelous, off-topic, use foul language, or are indecent.

Please treat people well! No racist, homophobic, sexist, agist, abusive or otherwise discriminatory comments. No personal attacks. No incitements to violence. No foul language.

Please don't spam – we are a platform for news, not an advertisement board.

Tengrinews is not responsible for the content of any comments posted by readers. Responsibility for the content of comments belongs to the commenter alone.