In January – September, KMG EP reduced net profit by 46% to $615 million
Edited by Rhod Mackenzie / 2013-11-07 10:03:21
Finance Kazakhstan Oil and Gas Financial results Kazakhstan Oil and Gas KazMunayGas Oil Production and Refining
In January – September, KMG EP reduced its net profit by 46% to $615 million, due to devaluation expenses, and a reduction in income from joint and associated enterprises and the growth in production expenses. Within the period, revenue remained $4 billion. A reduction in the Brent oil price by 3% and a decline in oil exports by 142,000 tons was partially compensated by the growth in internal oil supplies by 281,000 tons.