KazMunaiGas Exploration Production (Kazakhstan) announces its Y2013 Q1 operating results

April 23. KASE

KazMunaiGas Exploration Production (Kazakhstan) announces its Y2013 Q1 operating resultsJSC “KazMunaiGas Exploration Production” (Astana), whose shares are officially listed on Kazakhstan Stock Exchange (KASE), has provided KASE with the following press-release of April 23, 2013:

JSC KazMunaiGas Exploration Production (“KMG EP” or “the Company”) announces that in the first three months of 2013 it produced 3,002 thousand tonnes of crude oil (247 kbopd), including the Company’s stakes in Kazgermunai (KGM), CCEL and PetroKazakhstan Inc. (PKI) which is 1% less than in the same period of 2012.

Uzenmunaigas JSC (UMG) produced 1,237 thousand tonnes (101 kbopd), about the same as in the first quarter of 2012. Embamunaigas JSC (EMG) produced 691 thousand tonnes (56 kbopd), which is 16 thousand tonnes or 2% more than in the same period of 2012. The total volume of oil produced at UMG and EMG in the first three months of 2013 is 1,927 thousand tonnes (158 kbopd), which is 1% more than in the same period of 2012 and in accordance with production plan.

The Company’s share in the production from KGM, CCEL and PKI for the three months of 2013 amounted to 1,074 thousand tonnes of crude oil (89 kbopd) which is 44 thousand tonnes or 4% less than in the same period of 2012 and in accordance with production plans for these companies.

In the first three months of 2012 the Company’s export and domestic sales from the UMG and EMG were 1,490 thousand tonnes (122 kbopd) and 505 thousand tonnes (41 kbopd) respectively.

The Company’s share in the sales from KGM, CCEL and PKI was 1,094 thousand tonnes of crude oil (92 kbopd), including 972 thousand tonnes (82 kbopd) or 89% supplied to export markets.

http://www.kase.kz/en

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