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Kazakh oil and gas company’s profits decline twofold

Kazakhstan Materials 1 February 2016 17:18 (UTC +04:00)
Kazakhstan’s oil and gas company Mangistaumunaigas JSC made a net profit of 62.2 billion tenges in 2015, while in 2014 it was 135.2 billion.

Baku, Azerbaijan, Feb. 1

By Elena Kosolapova - Trend:

Kazakhstan's oil and gas company Mangistaumunaigas JSC made a net profit of 62.2 billion tenges in 2015, while in 2014 it was 135.2 billion, according to a financial accounting posted on the website of the Kazakhstan Stock Exchange (KASE).

The company's assets stood at 395.04 billion tenges (390.52 billion tenges at the end of 2014) at the end of 2015.

About eight percent of Kazakhstan's oil and gas production is accounted for Mangistaumunaigas JSC.

Kalamkas and Zhetybai deposits are the company's major industrial facilities.

The total oil reserves of the Zhetybai group of fields stand at 458 million tons.

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Follow the author on Twitter: @E_Kosolapova

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