/KASE, February 19, 2020/ – National company "KazMunayGaz" (Nur-Sultan),
whose securities are officially listed on Kazakhstan Stock Exchange (KASE), has
provided KASE with the press release of February 19, 2020:
quote
Joint-stock (JSC) National Company (NC) KazMunayGas ("KMG" or "Company"),
Kazakhstan's national vertically integrated oil and gas company, announces its
operating results for 2019.
Highlights for 2019:
- Oil and gas condensate production was stable year-on-year and amounted to
23,618 thous. tonnes or 26% of total production in Kazakhstan;
- KMG announces its reserves, calculated in accordance with PRMS international
standards, for the first time ever. KMG’s proved plus probable hydrocarbon
reserves amounted to 676 mln tonnes of oil equivalent (5,220 mmboe) as of
31 December 2019;
- Oil and gas transportation segment was relatively stable at 78,066 thous.
tonnes of oil and 103,494 bln m³ of gas transported;
- KMG announces its reserves, calculated in accordance with PRMS international
standards, for the first time ever. KMG’s proved plus probable hydrocarbon
reserves amounted to 676 mln tonnes of oil equivalent (5,220 mmboe) as of
31 December 2019;
- Domestic demand for light petroleum products was fully covered and further
volumes were exported to European and Central Asian markets;
- To promote greater transparency, in 2019, the Company for the first time
published a Carbon Disclosure Project on greenhouse gas emissions, which
discloses KMG's performance and plans for the climate change adaptation.
unquote
The full press release is available on KASE website:
-
https://kase.kz/files/emitters/KMGZ/kmgz_reliz_190220_1.pdf – in Russian;
-
https://kase.kz/files/emitters/KMGZ/kmgz_reliz_190220_en.pdf – in English.
[2020-02-19]