ASTANA, Kazakhstan, November 23. The revenue of KazMunayGas JSC (KMG, Kazakhstan's national oil and gas company) amounted to 6.087 trillion tenge (about $13.439 billion) from January through September 2023, Trend reports.
According to the financial results of the company, the figure of 2023 decreased by 10.2 percent compared to the same period in 2022 (6.776 trillion tenge or about $14.774 billion).
As the company explained, revenue dynamics were negatively impacted by a decrease in the average price of Brent oil by 22.2 percent over the nine months of 2023 compared to the same period in 2022.
The KMG's net profit, taking into account the share of profits in jointly controlled enterprises and associated companies, amounted to 949 billion tenge ($2.095 billion).
This indicator decreased by 18.3 percent compared to the same period last year (1.161 billion tenge or $2.532 billion).
KazMunayGas increased its oil and gas condensate production volume over the first 9 months of 2023, surpassing the data of last year's same period by 9 percent, totaling 17.5 million tons (483,000 barrels per day).
The production volume of natural and associated gas in the reporting period of 2023 increased by 17.9 percent year-on-year to over 7 billion cubic meters.
The volume of oil and condensate production at the operational assets decreased by 1.9 percent to 10 million tons (267,000 b/d).