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KazMunaiGas Chairman of the Board Kairgeldy Kabyldin reports to President Nazarbayev on the Company’s progress

02 june 2011, 00:43
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Kairgeldy Kabyldin
Kairgeldy Kabyldin
June 1, KazMunaiGas Chairman of the Board Kairgeldy Kabyldin reported to President Nazarbayev on the Company’s progress, Tengrinews.kz reports, citing the President’s website.

“Last year the Company reached all the targets in terms of production output and financial indicators. Oil processing at the three refineries reached its peak level since independence, making up 13.7 million tons. The Company’s profit totaled over $2 billion, 2.5 times up against 2009. Tax proceeds from the Company made up $2.8 billion. The Company allocated a total of $1.3 million for social projects”, Press Service of the President quoted Kairgeldy Kabyldin as saying.

He also briefed the President on the Company’s plans for the year and prospects of development up to 2020.

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