From January to September 2013 Kazakhstan oil and gas company KazMunaiGas (KMG) received a net profit of 362.3 billion tenge ($2.4 billion), down 8.1% against the same period in 2012, reads the consolidated report of the company.
During this period KMG profit totaled 2,127 trillion tenge ($13.8 billion, reduction by 1.9%), gross profit – 658.7 billion tenge ($4.3 billion, growth by 0.7%) and profit from the operation activities – 256.2 billion tenge ($1.7 billion, reduction by 11.1%).
According to the report, from January to September 2013 the assets of the national company increased by 9% up to 7,455 trillion tenge ($48.4 billion), KMG own capital increased by 9.8% up to 3,944 trillion tenge ($25.6 billion).
KMG is Kazakhstan’s national operator for exploration, production, refining and transportation of hydrocarbons. 100% shares of KMG are owned by the state joint stock company Samruk-Kazyna National Prosperity Fund.-0---
Economics
-
President Ilham Aliyev signed a decree on 27 Desember to implement the law on the 2025 State Social Protection Fund budget, setting forth measures to ensure the effective execution of the fund’s financial framework.
-
Azerbaijani President Ilham Aliyev has issued a decree to implement amendments to the country’s Tax Code, approved by Parliament on December 16, 2024, under law number 98-VIIQD. The decree, published on Friday, is aimed at optimizing tax administration and strengthening the legal framework outlined in the revised legislation.
-
Azerbaijan’s parliament has approved a law establishing minimum living standards for 2025, with specific allocations for various demographic groups. The legislation, signed by President Ilham Aliyev on December 16, will come into force on January 1, 2025. The presidential decree was published on December 27.
-
The President of Azerbaijan issued a decree on December 27, 2024, to implement the "2025 State Budget Law" aimed at streamlining the allocation and execution of government expenditures. The legislation, codified under law number 93-VIIQ, outlines detailed budget appropriations across various sectors, reflecting strategic priorities in defense, education, healthcare, and infrastructure.
Leave a review