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 July 26, the Ministry of Economy hosted a meeting with entrepreneurs from the non-oil industry to explore ways to stimulate local production and enhance export potential.
-
Azerbaijani internet service providers Aztelekom and Baktelekom will introduce substantial changes to their pricing structure starting August 15, the companies announced today. Under the new tariffs, the minimum internet speed will rise to 100 Mbit/s, with the cost per Mbit/s decreasing from 0.45 AZN to 0.25 AZN. As a result, monthly charges will be set at 25 AZN for 100 Mbit/s, 30 AZN for 150 Mbit/s, and 36 AZN for 250 Mbit/s.
-
Independent experts suggest that Azerbaijan may be on the verge of another devaluation of its currency, the manat, due to a shrinking trade and payment surplus. The anticipated economic adjustments come amidst a decline in foreign currency inflows and reduced oil production.
-
Azerbaijan’s Foreign Minister Jeyhun Bayramov met today with Ahmed Moallim Figi, the Minister of Foreign Affairs and International Cooperation of Somalia, at the Azerbaijani Foreign Ministry. This meeting followed a discussion held the previous day between Figi and Azerbaijan’s Economy Minister Mikail Jabbarov.
Leave a review