Kazakh President receives KMG Construction Enterprises Director General

Kazakhstan, Astana, Nov. 6 / Trend A.Maratov /

Kazakh President Nursultan Nazarbayev received Director General of Directorate of the KMG Construction Enterprises Nurlan Balgimbayev, the President's official website reported.

Nurlan Balgimbayev briefed the President on the realization of the Kazakh-Italian projects. The corresponding agreements on the realization of them had been signed between KazMunaiGas National Company and Eni Company during the official visit of Nursultan Nazarbayev to Italy in November, 2009, the website reported.

Among them are reconstruction of the Pavlodar Oil Refinery, construction of the gas-turbine station in Uralsk region, gas processing plant in Karachaganak, ship-building and ship-repairing plant on the Caspian Sea, exploration of Isatai and Shagala deposits on the shelf of the Caspian Sea and many others.


"Today I reported to the President on the course of realization of our projects. The work is done on schedule. This year we have completed a feasibility report where we defined all technical and technological parameters of our projects. Next year we will start a next step of detailed planning and in 2012 we begin to realize these projects," Balgimbayev stressed at a press briefing.

KMG EP is among the top three Kazakh oil and gas producers. The overall production in 2009 was 11.5mmt (an average of 232kbopd) of crude oil, including the Company's share in Kazgermunai and CCEL. The volume of proved and probable reserves (2P) of KMG EP as at the end of 2009 was 234mmt (1.7bn barrels); while including the share of reserves from associates and joint ventures, preliminary about 2.2 bn barrels.