KMG EP elects a new chairman of board

KMG EP Jan-Sept Profit Jumps on Higher Crude Price

Dauren Karabayev has been elected as a new chairman of board of directors of KazMunaiGas Exploration and Production (KME EP), said the press-service of the company.

“JSC KazMunaiGas Exploration Production held its regular Board of Directors meeting. During this meeting, Mr. Dauren Karabayev was elected as the Chairman of the Board, replacing Mr. Igor Goncharov, who has elected to leave JSC “National Company “KazMunaiGas” . Mr. Dauren Karabayev is an Executive Vice President – Finance Director at KMG NC and has been a member of the KMG EP’s Board of Directors since May 2017,” reads the message.

KMG EP is among the top three Kazakh oil producers based on the 2016 results. The overall production in 2016 was 12.2 million tonnes (245 kbopd) of crude oil, including the Company’s share in Kazgermunai, CCEL and PKI.