Supriya Ghosh (Editor)

KazMunaiGas Exploration Production

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Type  public, quasisovereign
Products  oil natural gas
Founded  2004
Traded as  KASE: RDGZ, LSE: KMG
Headquarters  Astana, Kazakhstan
Parent organization  KazMunayGas
Key people  Kenzhebek Ibrashev (CEO)
Revenue  US$ 3.97 billion (2007) up 21.5%
Net income  US$ 1.28 billion (2007) up 32.2%,
Stock price  Q9H1 (FRA) € 9.51 -0.06 (-0.66%)10 Mar, 8:56 AM GMT+1 - Disclaimer
Subsidiaries  JSC Mangistaumunaigaz, KazakTurkMunai Ltd.

KazMunayGas Exploration Production JSC (KASE: RDGZ, LSE: KMG) is a KazMunayGas-majority-owned oil and gas company operating in the Republic of Kazakhstan.

The Company explores for hydrocarbons in Mangistau, Atyrau and Kyzylorda regions of Kazakhstan and is the second largest oil producer in the country based on 2006 annual production data. In line with principles of Kazakh government's strategy in the oil and gas sector, KazMunaiGas Exploration Production has chosen to pursue inorganic growth strategy taking advantage of certain preferential rights that it has secured from KazMunayGas. Recent acquisitions of stakes in KazGerMunai and CITIC Canada Energy Limited, mid-sized oil producers in Kazakhstan, helped its stock return around 111.7% by the end of 2007 from the date of the IPO and listings on London Stock Exchange and Kazakhstan Stock Exchange.


KazMunaiGas Exploration Production Wikipedia

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