Baku, Azerbaijan, March 26
By Ali Mustafayev – Trend:
The income of Kazakhstan's National Company KazMunaiGas increased by 32 percent in 2017, amounting to $7.5 billion, the press service of the company said in a message.
The net profit of the company increased by 44 percent and amounted to $1.5 billion.
Capital expenditures of KazMunaiGas in 2017 amounted to $1.9 billion, which is 15 percent more than in 2016. The amount of cash capital expenditure, in turn, amounted to $1.4 billion.
The net debt of KazMunaiGas in the mentioned period amounted to $4 billion.
KazMunaiGas JSC accounts for 28 percent of the total crude oil and gas condensate production volume in Kazakhstan and 16 percent of natural and associated gas, provides for 65 percent of oil transportation through trunk oil pipelines, 77 percent of oil transportation with tankers from the port of Aktau, and 95 percent of natural gas transportation through trunk gas pipelines, processes 82 percent of the Kazakh crude oil with the retail oil product market share of 17 percent.
The company also processes 82 percent of Kazakh oil with a 17 percent share of the retail oil products market.