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KazMunayGas building in Astana. Photo courtesy of astana.kz
KazMunayGas National Oil and Gas Company obtains a syndicated loan worth $1 billion

The agreement was signed July 15.

KazMunayGas National Oil and Gas Company obtains a syndicated loan worth $1 billion
©RIA Novosti
KazMunaiGas EP annual oil production output may fall 6% due to industrial action

According to the Company, production output is currently 366 000 tons of oil behind the schedule.

KazMunaiGas EP annual oil production output may fall 6% due to industrial action
Photo by RIA Novosti©
H1 2011 KazMunaiGas EP oil production output 3% down

The Company cited inclement weather conditions and protests at Ozenmunaigas as the main reasons behind the production drop.

H1 2011 KazMunaiGas EP oil production output 3% down
KazMunaiGas building in Astana. Photo courtesy of astana.kz
KazMunaiGas National Oil and gas Company is not running a People’s IPO so far

The Company owns too many strategic assets in Kazakhstan – gas and oil pipeline networks, stakes in oil refineries: Malik Salimgereev, Director for Oil and Gas Assets Management at Samruk-Kazyna.

KazMunaiGas National Oil and gas Company is not running a People’s IPO so far
Kairgeldy Kabyldin
KazMunaiGas to boost financing of innovation projects 100 times by 2015

Currently we spend about $0.68 million on R&D. We plan to increase the figure almost 100 times by 2015: Company’s Head Kairgeldy Kabyldin.

KazMunaiGas to boost financing of innovation projects 100 times by 2015
©KazMunaiGaz
KazMunaiGas purchased Aktaunefteservis for $334 million

KazMunaiGas National Oil Company purchased 100% stake in Aktaunefteservis.

KazMunaiGas purchased Aktaunefteservis for $334 million
ONGC workers. ©REUTERS/Amit Dave
Indians planning to buy ExxonMobil's stake in Kashagan project

Oil & Natural Gas Corp and GAIL India Ltd. are planning to buy part of ExxonMobil's stake in the project developing Kashagan oil field.

Indians planning to buy ExxonMobil's stake in Kashagan project
Kairgeldy Kabyldin
KazMunaiGas Chairman of the Board Kairgeldy Kabyldin reports to President Nazarbayev on the Company’s progress

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

KazMunaiGas Chairman of the Board Kairgeldy Kabyldin reports to President Nazarbayev on the Company’s progress
©RIA Novosti
KazMunaiGas may transfer its share in Kashagan to KazMunaiGas EP

KazMunaiGas national Oil Company does not rule out transferring its share in Kashagan to its subsidiary KazMunaiGas EP, KMG President Kairgeldy Kabyldin said in Almaty May 26.

KazMunaiGas may transfer its share in Kashagan to KazMunaiGas EP
KazMunaiGas building in Astana. Photo courtesy of astana.kz
KazMunaiGas to bring Kazakh content in procurement to KZT 387 billion

KazMunaiGas National Oil Company is planning to bring Kazakh content in procurement to 387 billion tenge.

KazMunaiGas to bring Kazakh content in procurement to KZT 387 billion
KazMunaiGas National Oil Company Q1 2011 results

Oil and condensed gas production for the period made up 5.4 million tons, 2% up against the same period of 2010.

KazMunaiGas National Oil Company Q1 2011 results
©RIA Novosti
KazMunaiGas EP exiting negotiations over Akkas gas field in Iraq

KazMunaiGas Exploration Production was established in March 2004 and is among the top three oil producers in Kazakhstan.

KazMunaiGas EP exiting negotiations over Akkas gas field in Iraq
©RIA Novosti
Q1 2011 KazMunaiGas Exploration Production net profit 14% up against 2010

The growth was mostly spurred by 33% oil sales price growth (from $64.64 to $86.61 per barrel).

Q1 2011 KazMunaiGas Exploration Production net profit 14% up against 2010
Wages of KazMunaiGas top managers unveiled

Top managers of national oil and gas company KazMunaiGas have revealed their salaries and bonuses.

Wages of KazMunaiGas top managers unveiled