Mangistaumunaigas OJSC (Kazakhstan) will pay dividends for 2001 KZT100 for one privileged share

/KASE, September 18, 02/ - Mangistaumunaigas OJSC (Aktau), whose shares are circulating under the stock exchange's official "В" listing category, presented KASE a copy of minutes of the general shareholders meeting, which was held on June 28 of 2002. In accordance with the admitted agenda shareholders of Mangistaumunaigas OJSC approved report of auditing commission for 2001, annual financial statement and made the following decisions. To distribute the company's net income for 2001, which equals to KZT7.9bn in the following way: to direct KZT108.7m for dividends payment on privileged shares, the rest - for social needs of the company. Not to charge dividends on common shares of Mangistaumunaigas OJSC by the results of 2001. To set amount of dividend for one privileged share on the basis of KZT100 per one share. To make December 23 of 2002 the date of beginning of dividends payment on privileged shares, date of fixation of shareholders register for dividends payment - December 23, 2002. To approve Ernst & Young the company's auditor for 2002. According to the report of financial director of Mangistaumunaigas OJSC A. Giller, in 2001 the company produced 4.4m tons of crude oil that is more by 239.0 th. tons than in 2000. Increase of oil production volume is caused by using of new technology and renewal of equipment. Within the reporting period there were purchased and set in exploitation capital assets in the amount of KZT14.4bn, of this number 5.9bn were spent for renewal of fixed assets and properties of subsidiary companies. Besides, there were purchased spare parts and component parts in the amount of KZT23.3bn. In 2001 the company transferred to the budget KZT24.6bn of tax payments. Average wage of employees increased by 28.9% by 2000 and equaled to KZT59,359. The company's primary activities: production and transportation of oil and gas; oil refining, sale of oil and products of its refining; exploration and development of oil and gas fields. [2002-09-18]