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
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Rashad Huseynov has been appointed as the new director of the Center for Agricultural Research under the Ministry of Agriculture, replacing Firdousi Fikretzade who led the center since 2019. Fikretzade stepped down from his position on June 10 at his own request.
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Since July 1, bus and metro fares have increased by 10 qəpik, reaching 50 qəpik. The fare for buses on the Baku-Sumgayit route has risen from 60 qəpik to 70 qəpik. However, it is reported that there has been no improvement in service quality following the price increase. According to complaints, air conditioners are not working on buses operating in the periphery, and overcrowding persists.
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Rovshan Najaf, President of the State Oil Company of the Republic of Azerbaijan (SOCAR), held a meeting with Bojan Kumer, Slovenia's Minister of Environment, Climate and Energy, to discuss bilateral cooperation in the energy sector.
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Azerbaijani Energy Minister Parviz Shahbazov met with a delegation led by the World Bank's Regional Director for the South Caucasus, Roland Price, to discuss the development of cooperation in the energy sector.
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