Only one national company controlled by Energy Ministry paid dividends to budget last year
28.06.01 00:00
/IRBIS, June 28, 01/ - The GSRW informs, with the reference to the Energy
and Mineral Resources First Vice Minister Bolat Elemanov, that of the four
national companies (Kazakhoil, KazTransOil, Kazatomprom and KEGOK,
except for KazTransGas founded last year) under the jurisdiction of the
Ministry, only KazTransOil paid its dividends to the budget (743m tenge or
10% of the net profit). Under its indicative plan, Kazakhoil allocates the
total profit in 1999-2001 to production development. Kazatomprom, with the
total profit of 517m tenge in 2000, invested the funds in reserve capital and
in covering past losses. As for KEGOK, the dividends were not calculated due
to the company's unprofitableness (the losses stood at 1,265m tenge).