KazMunaiGas Exploration Production (AO)

Infobox Company
company_name = KazMunaiGas Exploration Production JSC
company_
vector_
company_type = public, quasisovereign
genre =
foundation = 2004
founder =
location_city = Astana
location_country = Kazakhstan
location =
origins =
key_people = General Director Askar Balzhanov
area_served =
products = oil natural gas
revenue = US$ 3.97 billion (2007) up 21.5%
operating_income =
net_income = US$ 1.28 billion (2007) up 32.2%,
num_employees =
parent =
divisions =
subsid =
owner =
company_slogan =
homepage =http://www.kmgep.kz/
dissolved =
footnotes =

KazMunaiGas Exploration Production (AO) [LSE: KMG] is a KazMunayGas-majority-owned oil and gas company operating in the Republic of Kazakhstan. The Company explores for hydrocarbons in Mangistau, Atyrau and Kyzylorda regions of Kazakhstan and is the second largest oil producer in the country based on 2006 annual production data. In line with principles of Kazakh government's strategy in the oil and gas sector, KazMunaiGas Exploration Production has chosen to pursue inorganic growth strategy taking advantage of certain preferential rights that it has secured from KazMunayGas. Recent acquisitions of stakes in KazGerMunai and CITIC Canada Energy Limited, mid-sized oil producers in Kazakhstan, helped its stock return around 111.7% by the end of 2007 from the date of the IPO and listings on London Stock Exchange and Kazakhstan Stock Exchange.

External links

* [http://www.kmgep.kz/eng KazMunaiGas Exploration Production Corporate website]