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Shares of Kazakhstan's KazMunayGas reach historical maximum

Kazakhstan Materials 2 September 2023 09:39 (UTC +04:00)
Madina Usmanova
Madina Usmanova
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ASTANA, Kazakhstan, September 2. Shares of Kazakhstan's KazMunayGas, the national oil and gas company, reached a new historical maximum - 11,200 tenge (about $24) per share, press service of Samruk-Kazyna National Welfare Fund said, Trend reports.

Since the start of the IPO, Kazmunaygas shares have grown by 33.2 percent. If to add dividends (492 tenge (about $1.07) per share), then the total increase from investments amounted to 39 percent.

Thus, the volume of oil and gas condensate production of KazMunayGas from January through July 2023 increased by 10 percent, reaching 11,860 tons.

The volume of oil transportation also increased by 5 percent to 39,309 tons. The volume of processing of hydrocarbon raw materials at Kazakh and Romanian refineries increased by 4 percent to 10,109 tons.

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