OREANDA-NEWS. An extended session on results of the financial and economic activities of JSC “National Company “KazMunayGas” for the first half of 2007 was held.

The results of the Company’s operations for the first half of 2007 on the whole correspond to the guidelines stated in the planned documents.

The consolidated production output of oil and gas condensate by the group of companies for January-June 2007 amounted to 8.2 mln. tons, which is 1.5% higher than the corresponding value for the respective period of 2006. In 2007 it is expected to produce 17,162 thousand tons of oil and gas condensate.

The volumes of oil deliveries in fact amounted to 4.874 mln. tons or 109.2%, with the export deliveries plan of 4.462 mln. tons.

Oil refining amounted to 2.8 mln. tons. On the whole, it is expected to refine 5 750 thousand tons of oil in 2007. The volumes of oil transportation by the system of main pipelines of JSC “KazTransOil” reached 22.5 mln. tons, which is 8/6% higher the last year’s level. As for oil transportation by marine fleet, 1.054 mln.tons were actually transported, with the planned 1.006 mln.tons.

Natural gas production amounted to 968 mln. cubic meters or 104.8 % compared to the 2006 level.

 The volumes of gas transportation along main gas pipelines of JSC “Intergas Central Asia” for January-June 2007 amounted to 58.5 bln. cubic meters. In 2007, it is planned to transport 124.8 bln. cubic meters of gas.

The volume of planned investments for the reported period amounted to KZT 111.8 bln. or 126.8 % of the plan figures, inclusive of  KZT83.4 bln. into capital construction (161.5% to the plan), KZT12.6 bln. into acquisition of fixed assets (93.7%), KZT12.5 bln. into drilling (105.4%). From January to June 2007, capital investments at the expense of the own funds amounted to KZT73.7 bln., inclusive of  KZT72.1 bln. into production, which is 19.3% higher in comparison with the corresponding period of the previous year. At the same time, the volume of the Kazakh content in joint projects for January-June amounted to approximately USD700 mln.

The Company’s consolidated revenues for January-June amounted to KZT507.3 bln., which is 4.8 % higher than the last year’s level.

The plan was exceeded by 8.9 %. In accordance with the updated information of JSC NC “KazMunayGas” for January-June, the consolidated revenues were received in the amount of KZT155.9 mln., which amounts to 165.7% of the plan and is 22.6 % higher than the value of the corresponding period of the previous year.

In accordance with the summary data with regard to the subsidiaries and dependent organizations of JSC NC “KazMunayGas” for January-June 2007, a total of KZT92.5 bln. were paid to the budget of the Republic of Kazakhstan as taxes and payments.

Generally, the values of the financial and economic activities for the reported period indicate preservation of the positive dynamics in the Company’s development.