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KazMunaiGas National Oil Company Q1 2011 results

12 may 2011, 09:52
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KazMunaiGas National Oil Company unveiled its performance indicators for the Q1 2011. Oil and condensed gas production for the period made up 5.4 million tons, 2% up against the same period of 2010, Profinance.kz reports.

Oil transported via main pipelines totaled 16.4 million tons. Maritime transportation volumes stood at 2 million tons, 11 % up.

Gas transportation volume totaled over 25.5 billion cubic meters, only 1% up against the like period of 2010.
For the first 3 months KazMunaiGas group of companies (including Rompetrol Group) processed a total of 3.6 million tons of oil.

KazMunaiGas National Oil Company increased its profit in the Q1 2011 by 78% [to $808 million] as compared to the like period of 2010. Revenues for the period totaled $4.2 billion, 18% up against the like period of 2010.
Taxes for the period made up $760 million, 9% up against the like period of 2010.

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