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Kazakhstan Puts 38 Firms On Export Tax Hit List.
The Kazakh government has published a list of 38 oil-producing enterprises that will have to pay the new export tariff of $109.90/ton ($15/bbl) that came into force on May 18.
The two noticeable absentees from the list are the top two Western-owned producers: the Chevron-led Tengizchevroil joint venture, which currently produces about 350,000 b/d of crude, and the BG-Eni-operated consortium developing the giant Karachaganak field. Under their long-term contracts with the government, both producers are exempt from any additional taxes.
Topping the list is Kazmunaigas Exploration Production (KMG EP), the London-listed affiliate of state Kazmunaigas. KMG EP, …
- KazMunayGas, KMG EP and BG Group, announce signing of an upstream co-operation...
- Press release article from: M2 Presswire December 5, 2008 700+ words
...KazMunayGas, KMG EP and BG Group, announce...subsidiary "KazMunaiGas Exploration Production" (KMG EP - LSE:KMG LI...national oil and gas exploration, production, processing and...Samruk-Kazyna." KMG EP is one of top three...
- BG and KMG EP to seek hydrocarbons together.
- Magazine article from: Investors Chronicle - magazine and web content December 10, 2008 700+ words
...companies BG Group and KazMunaiGas Exploration & Production (KMG EP), the London-listed subsidiary...and outside Kazakhstan. For KMG EP, the attractions are obvious...partnership would definitely bolster KMG EP plans to finally step offshore...
- Kazakh Producer Narrows Sights On Acquisitions.(Kazmunaigas Exploration...
- Newspaper article from: NEFTE Compass November 25, 2008 700+ words
Kazmunaigas Exploration Production (KMG EP), Kazakhstan's third-largest...company, Kazmunaigas (KMG). KMG EP managers, who were speaking to...runs in October (see table). KMG EP put its acquisition program on hold...
- JSC KazMunaiGas Exp - Acquisition.
- News wire article from: Europe Intelligence Wire March 5, 2007 700+ words
...Implements Acquisition Strategy. KMG EP will acquire 50% stake in JV...5 March 2007. KazMunaiGas Exploration Production ("KMG EP" or the " Company") announced...deal will further diversify the KMG EP operations and expand the Company...
- Kazakhstan Abruptly Adopts Controversial Export Tax.
- Newspaper article from: NEFTE Compass April 9, 2008 700+ words
...controlled oil firm Kazmunaigas Exploration Production (KMG EP) said it expects it to change...been cut by Astana. Indeed, KMG EP appears to be the only major...controlled company, namely [KMG EP]," said one Kazakh industry...
- JSC KazMunaiGas Exp - Production Update.
- News wire article from: Europe Intelligence Wire November 16, 2006 700+ words
...RELEASE JSC KazMunaiGas Exploration Production Increases Oil Production...of 2006 JSC KazMunaiGas Exploration Production, ("KMG EP" or the "Company...January to October 2006, KMG EP produced 7,965 thousand...
- JSC KazMunaiGas Exp - Admission to LSE.
- News wire article from: Europe Intelligence Wire October 5, 2006 700+ words
...2006 JSC KAZMUNAIGAS EXPLORATION PRODUCTION UNCONDITIONAL TRADING...EXCHANGE JSC KazMunaiGas Exploration Production ("KMG EP" or the "Company...EDITORS JSC KazMunaiGas Exploration Production ("KMG EP" or the "Company...
- Kazakh Producer To Buy Back Falling Shares.
- Newspaper article from: NEFTE Compass October 15, 2008 700+ words
...prompted Kazakh oil producer Kazmunaigas Exploration Production (KMG EP) to announce a share buyback program. KMG EP said current market prices "do not...financial performance has been strong." KMG EP said it would spend up to $350 million...
- Kazakh Producer Hit By Banking Crisis.(KazMunaiGas to acquire PetroKazakhstan...
- Newspaper article from: NEFTE Compass March 17, 2009 700+ words
...purchasing power of Kazmunaigas Exploration Production (KMG EP), but the company remains...of the national companies," KMG EP said. It said BTA was acting...designed to support the bank. KMG EP said it had a record year in...
- Acquisition Strategy Pays Off For Kazmunaigas.(Brief article)
- Newspaper article from: NEFTE Compass January 23, 2008 700+ words
...by Kazakhstan's Kazmunaigas Exploration Production (KMG EP) to nearly 217,000 b/d...Excluding the new assets, KMG EP's production would have been...levels of our core portfolio," KMG EP Chief Executive Askar Balzhanov...
Source: HighBeam Research, Kazakhstan Puts 38 Firms On Export Tax Hit List.
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