Board of Directors of National Company KazMunayGaz approves company’s new organizational chart

08.02.19 16:59
/KASE, February 8, 2019/ – National Company KazMunayGaz (Astana), whose securities are officially listed on Kazakhstan Stock Exchange (KASE), has informed KASE as follows: quote JSC National Company KazMunayGas (hereinafter, the Company) reports that Board of Directors’ meeting was held on February 6, 2019. It was decided at a meeting to change the Company’s organizational chart and to group management processes by key business fields: - on geology and exploration, - on production, - on oil marketing and production, - on oil transportation, international projects and construction of the Saryarka gas pipeline In the new structure, the position of deputy chairman of board on exploration, production and oilfield services was replaced with two positions: deputy chairman of board on production and deputy chairman of board on geology and exploration. The position of deputy chairman of board for oil transportation, processing and marketing was replaced by the positions of deputy chairman of board for oil marketing and processing and deputy chairman of board for oil transportation, international projects and construction of the Saryarka gas pipeline. Besides, the position of the managing director for Mangistaumunaygas and Ozenmunaygas was removed. unquote Detailed information is available on KASE website (in Russian) – http://kase.kz/files/emitters/KMGZ/kmgz_reliz_080219_1.pdf [2019-02-08]