/KASE, January 10, 2025/ – National Company "KazMunayGas" JSC (KASE
ticker – KMGZ) has announced the following:
quote
09.01.2025
Kassym-Jomart Tokayev heard a report on the national company's 2024 operating
results. According to Askhat Khassenov, oil and condensate production in the
KMG group amounted to 23.8 million tonnes, exceeding the 2023 figure by 1.3%.
To maintain the production level, the Technology Challenges Program is being
implemented, which provides for the use of enhanced oil recovery methods with
a differentiated approach to each field.
The President was informed that the design stage of the Kalamkas Offshore
project worth $6.4 billion had begun. Further, drilling began in 2024 at the
Turgai Paleozoic, Karaton Sub-salt, Karazhar and Taisoigan wells, where the
resources exceed 800 million tonnes of oil equivalent.
The Head of State was informed that oil transportation in 2024 exceeded the
2023 figure by 4% and amounted to 83.6 million tonnes.
Last year, domestic oil refineries processed 17.44 million tonnes of oil.
To supply the domestic market, measures were taken to increase the production
of light oils by 370 thousand tonnes against 2023.
unquote
Full version of the press release in Kazakh –
https://kase.kz/files/emitters/KMGZ/kmgz_relizs_090125_kz.pdf
Full version of the press release in Russian –
https://kase.kz/files/emitters/KMGZ/kmgz_relizs_090125_1.pdf
Full version of the press release in English –
https://kase.kz/files/emitters/KMGZ/kmgz_relizs_090125_en.pdf
[2025-01-10]