KazMunaiGas Exploration and Development, daughter company of Kazakhstan national company KazMunaiGas (KMG), expects growth of production on its key production assets from 2013 to 2015, said the company’s top managers during the telephone conference on Monday.
“In 2013 production on our profile assets will total 8,150 million tons, in 2014 – 8,600 million tons and in 2015 – 9.060 million tons,” Murat Mustafayev, KMG Managing Director for Geology and Development, said.
He added that during this period share of KMG Exploration and Development in production of joint ventures is expected to be 4.3-4.4 million tons a year.
The company’s Financial Director Benjamin Fraser announced the planned reduction of capital investments of the company. He said in 2013 the investments are planned to be $1.1 billion, while in 2014 - $0.9 billion, reported http://newskaz.ru.--0--
Economics
-
On 21 December, Russian Transport Minister Roman Starovoit met with Azerbaijani Minister of Digital Development and Transport Rashad Nabiyev at the Russian Ministry of Transport.
-
Hundreds of trucks are stuck in the Kazakh port of Kuryk, facing delays for several days while waiting for ferry transport to Azerbaijan, the Azakhstan portal reports lada.kz. The backlog is due to a combination of reduced ferry availability, adverse weather conditions, and an influx of cargo rerouted because of expanded sanctions on Russia.
-
Members of the Association of Independent Industrialists and Businessmen (MÜSIAD) have invested 61.3 million manats in Azerbaijan's economy over the past three years, Rashad Jabirli, chairman of "MÜSIAD Azerbaijan," revealed during a media briefing.
-
While the global economy faces persistent challenges, trade between China and Azerbaijan has defied downward trends, demonstrating significant growth. According to official statistics from Azerbaijan, bilateral trade in 2023 reached 3.1 billion US dollars. In just the first ten months of 2024, trade volume increased by 17.1% year-on-year, reaching 3.02 billion US dollars, putting the annual trade figure on track to hit a record high.
Leave a review