National company "KazMunayGaz" announces operating and financial results for nine months of 2019

22.11.19, 14:30
/KASE, November 22, 2019/ – National company "KazMunayGaz" (Nur-Sultan), whose securities are officially listed on Kazakhstan Stock Exchange (KASE), has provided KASE with the following press release of November 22, 2019: quote Joint-stock (JSC) National Company (NC) KazMunayGas ("National company "KazMunayGaz" or "Company"), Kazakhstan's national vertically integrated oil and gas company, announces its operating and financial results for the nine months of 2019 according to International Financial Reporting Standards (IFRS). Operating Highlights for the nine months of 2019: - Oil and gas condensate production almost unchanged year-on-year and amounted to 17,593 thous. tonnes (483 thous. barrels of oil per day[2]); - Natural and associated gas production up 2.6% year-on-year to 6,227 mln m³; - Oil transportation up 5.4% year-on-year to 58,696 thous. tonnes; - Gas transportation down 11.5% year-on-year to 74.4 bln m³; - Refinery volume up 2.2% year-on-year to 15,282 thous. tonnes. Volume includes refinery volume of 10,201 thous. tonnes in Kazakhstan and 5,081 thous. tonnes in Romania (KMG International). Total oil products production up 2.7% year-on-year to 14,310 thous. tonnes; - Sales volume of crude oil produced by KMG almost unchanged year-on-year at 17,807 thous. tonnes. Financial Highlights for the nine months of 2019[3]: - Revenue down 1.9% year-on-year to 5,128 bln tenge (USD 13,441 mln); - Net profit up 22.5% year-on-year to 794 bln tenge (USD 2,082 mln); - EBITDA[4] up 9.1% year-on-year to 1,592 bln tenge (USD 4,173 mln); - Net debt up 22.9% and amounted to 2,663 bln tenge (USD 6,863 mln) compared to 31 December 2018; - FCF adjusted5 up 41.8% to 319 bln tenge (USD 835 mln). unquote The full press release is available on KASE website – [2019-11-22]