Baku, Azerbaijan, Sept. 28
By Elena Kosolapova - Trend:
Kurmangazy Iskaziev has been appointed director general of KazMunaiGas Exploration & Production (KMG EP) by the board of directors, KMG EP JSC said Sept.28.
Iskaziev previously held the position of director general of Embamunaigas JSC (EMG), one of the core production assets of KMG EP.
"The new director general has announced his commitment to maximizing the operational and financial performance of the company," said the message.
KMG EP is among the top three Kazakh oil producers. The overall production in 2014 was 12.3 million tons (250,000 barrels) of crude oil, including the company's share in Kazgermunai, CCEL and PKI. The company's total consolidated volume of proved and probable reserves including shares in the associates, as at the end of 2014 was 177 million tons (1.303 billion barrels), out of which 132 million tons (981 million barrels) relates to Ozenmunaigas, Embamunaigas, and Ural Oil and Gas (Rozhkovskoye field, Fyodorovskiy block).
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