/KASE, July 18, 08/ - KazMunaiGas Exploration Production JSC (Astana),
shares of which are traded in the Kazakhstan Stock Exchange (KASE) category
"A" official list, disseminated the press release where informs on the following.
Quotation starts
Astana, July 18, 2008. JSC "KazMunaiGas Exploration Production" announces
that its total crude oil production in the first half of 2008 was 5,899 thousand
tonnes (238 kbopd). This is an increase by 960 thousand tonnes (19.4%)
compared to the figures for the same period last year. The main reason for this
increase is the acquisition of 50% shares in Kazgermunai and CCEL
(Karazhanbasmunai) in April and December of 2007 respectively.
According to preliminary estimates, in the first half of 2008 the Company supplied
5,731 thousand tonnes of crude oil (231kbopd) including its share in Kazgermunai
and CCEL. Exports in the first half of 2008 amounted to 4,389 thousand tonnes
(177kbopd).
JSC "KMG EP" also announces its plans to increase the wages of selected
employee categories at the production sites (excluding the head office staff) in
the second half of 2008. It is expected that this will increase the Company's
expenditure for such purposes in the second half of 2008 by 4.8 bln Tenge
including the Income Tax and Pensions Fund deductions. The average monthly
wage increase of over 20% is aimed at compensating the Company field
employees taking into account inflation in the past few years, and will help the
Company to retain experienced staff.
Contact information:
KMG EP JSC, Public Relations
(+7 7172 977908, +7 7172 977924)
Zukhra Sultanova
e-mail: pr@kmgep.kz
KMG EP JSC
Investors relatioon
(+7 7172 975433)
Alexander Gladyshev
e-mail: ir@kmgep.kz
Pelham PR (+44 203 178 44 18)
Elena Dobson
e-mail: Elena.dobson@pelhampr.com
Quotation end
The full version of KazMunaiGas Exploration Production JSC press release is
available on the KASE wensite at:
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http://www.kase.kz/emitters/scan/rdgz/rdgz_reliz_180708k.pdf - in Kazakh;
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http://www.kase.kz/emitters/scan/rdgz/rdgz_reliz_180708.pdf - in Russian;
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http://www.kase.kz/emitters/scan/rdgz/rdgz_reliz_180708e.pdf - in English.
[2008-07-18]