Kazakhstani oil and gas giant reports rise in transportation and sales expenses for 2024
Photo: KazMunayGas
KazMunayGas (KMG) reported an increase in transportation and sales expenses for 2024, mainly because the costs for loading, transportation, and storage by KMG International and KazMunayGas-Aero have gone through the roof. General and administrative expenses took a leap, fueled by compensation to QazaqGaz for trust management services and a helping hand for flood victims. On top of that, production costs have been on the rise, primarily because of soaring labor expenses and a spike in spending tied to production tasks, services, and internal logistics.
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