National Company KazMunayGaz (Kazakhstan) reports on operating results for 10 months of 2010

29.11.10 12:35
/KASE, November 29, 10/ - National Company KazMunayGaz (Astana), whose bonds are officially listed on Kazakhstan Stock Exchange (KASE), provided to KASE the following press-release of November 29, 2010: quote NC KazMunayGaz (hereinafter - NC KMG) reports on its financial and operating results for 10 months of 2010. The conglomerate produced as much as 18,238 th tons of oil and gas condensate in January-October 2010, exceeding by 17.49% figures from the same period last year. With 12,221 thousand tons of processed oil in January-October 2010, the corporation increased the output by 32.79% compared with the similar time span of last year. Three oil refineries in Kazakhstan processed 9,465 thousand tons of oil. Consolidated corporate data show the volume of oil transported via main pipelines of KazTransOil in January-October 2010 as being equal to 54,594 thousand tons, effectively surmounting by 3.5% the similar figures from 2009. 81,773 cubic metres of natural gas were transported via gas pipelines of Intergas Central Asia in January-October 2010 - an increase by 10.6% vs. same period 2009. Reaching the planned output figures along with favourable market conditions had a positive impact on the company's financial indicators. NC KMG's consolidated income made up KZT1,842 bn in January-October 2010, meaning a growth of 13.64% compared with last year. The company has been actively investing. Expenditures in the reported period were as high as KZT306.8 bn, increasing 19.28% vs. same period last year. The conglomerate's overall payments to the country's budget totalled to KZT314.7 bn which is twice as much as in January-October 2009. NC KMG's procurement expenses equaled to KZT1.6 trln as of October 1, 2010. Local suppliers delivered goods and services worth KZT841 m, or 52%. In general, the corporation's profit and loss figures from January-October 2010 are an evidence of NC KMG's persistent positive dynamics. PR Department National Company KazMunayGaz Republic of Kazakhstan, 010000, Astana, Kabanbai batyr, 19 tel. +7 7172 976340, fax: +7 7172 976329 unquote [2010-11-29]