KazMunaiGas Exploration Production elects Igor Goncharov as Chairman of Board of Directors
OREANDA-NEWS. KazMunaiGas Exploration Production (Astana), whose shares are officially listed on Kazakhstan Stock Exchange (KASE), has provided KASE with the following press release:
JSC KazMunaiGas Exploration Production (“KMG EP” or the “Company”) held its regular Board of Directors (“the Board”) meeting. During this meeting the Board elected a new Chairman and approved the total volume of crude oil to be directed domestically in 2016.
KMG EP elects a new Chairman of the Board of Directors
Christopher Simon Hopkinson has resigned as Chairman of the Board of Directors for family reasons, effective immediately. Igor Goncharov, who is a member of the Board of Directors since November 2015 and is a Senior vice-president for production of oil and gas at JSC “National Company “KazMunaiGas” (“NC KMG”), was elected as the new Chairman of the Board of Directors.
The volume of oil supplies to the domestic market in 2016
Based on the current results, the Company expects that in 2016 JSC “Ozenmunaigas” (“OMG”) and JSC “Embamunaigas” (“EMG”) will supply 3 372 thousand tonnes (67 kbopd) to the domestic market, which is around 40% of OMG and EMG’s total crude oil sales. Of this amount, 2 670 thousand tonnes (53 kbopd) will be supplied to the Atyrau refinery and 702 thousand tonnes (14 kbopd) will be supplied to the Pavlodar refinery.