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05.04.2011 11:17 #Corporate events

National Company KazMunayGaz (Kazakhstan) announces additional measures to increase Kazakhstan-made content in procurement

/KASE, April 5, 11/ - National Company KazMunayGaz (Astana), whose bonds are officially listed on Kazakhstan Stock Exchange (KASE), has provided KASE with the following press-release of April 4, 2011:

quote

This year NC KazMunayGaz (hereinafter - NC KMG) continues implementing measures aimed at a dynamic increase of the Kazakhstan-made content in its procurements.

So, as of March 1, this year the total volume of procurement across the NC KMG group made up KZT849.3 bn, with the Kazakhstan-made content reaching 40.4%, or KZT343.4 bn.

In particular, in the total volume of goods purchased (KZT567.2 bn), the share of local suppliers made up KZT169.1 bn, making the Kazakhstan-made content as high as 30%.

The total volume of job contracts concluded made up KZT111.9 bn, with the Kazakhstan-made content reaching 68%, or KZT75.6 bn.

The total amount of services purchased equaled KZT170 bn, including services sourced locally (KZT98.6 bn), with the Kazakhstan-made content reaching 58%.

unquote

The full version of this press-release is available on KASE website, at see more

[2011-04-05]