Nur-Sultan, April 12, 2019 – JSC National Company KazMunayGas (“KMG” or the “KMG Group”), Kazakhstan's vertically integrated oil and gas company, announces its IFRS financial and operating results for 2018.

Alik Aidarbayev, Chairman of the Management Board of KMG: “In 2018 KMG significantly improved its financial performance, exceeded operational metrics plan and fulfilled a number of strategic tasks set by shareholder and the Government of the Republic of Kazakhstan. During 2018 we signed a contract to increase Kazakh gas export to China from 5 bln m³ to 10 bln m³ per year. Complex modernisation of refineries has been completed, bringing fuels production of Euro-4 and Euro-5 standards. KMG has taken a number of measures to strengthen financial sustainability. In 2018, KMG reduced its gross debt as a result of Eurobond redemption in the amount of USD 1.6 bln and prepayment of loan obtained from PJSC Sberbank of Russia in the amount of USD 400 mln. Now, we can proudly state that KMG results for 2018 fully met expectations of the main shareholder.”

Full text of the press release is available here.


IMPORTANT: Please read carefully the following disclaimer in full. Please note that the disclaimer below may be amended or supplemented.


Forward-looking statements

This website may include statements that are, or may be deemed to be, ‘‘forward-looking statements’’. These forward-looking statements can be identified by the use of forward-looking terminology including, but not limited to, the terms ‘‘believes’’, ‘‘estimates’’, ‘‘anticipates’’, ‘‘expects’’, ‘‘intends’’, ‘‘may’’, ‘‘target’’, ‘‘will’’, or ‘‘should’’ or, in each case, their negative form or similar or comparable terminology, or links to discussions of strategy, plans, objectives, goals, future events or intentions are meant to indicate forward-looking statements. These forward-looking statements include all statements that are not historical facts. Such forward-looking statements, without limitation, are the statements of intention, opinion, forecast and Company statements regarding its expectations in relation to, amongst other things, the Company performance, financial condition, liquidity, prospects, growth, potential acquisitions, strategies and the industries in which the Company operates. By their nature, forward-looking statements involve risk and uncertainty because they relate to future events and circumstances that may or may not occur. Forward-looking statements do not guarantee the future performance and the actual performance, including the financial condition and liquidity of the Company and the development of the country and the industries in which the Company operates may differ significantly from what is described on this website or is assumed according to the forward-looking statements contained on this website. The information contained on the website is not exhaustive. Despite the thorough preparation of information, not all information can be accurate and relevant in all respects, and the Company shall not be liable for updating any information regarding the industry or any forward-looking statements contained on this website, whether as a result of new information, future events or any other circumstances. Any information represented or contained on this website may be corrected or amended without prior notice. The Company does not make any assurances, does not provide any guarantees and does not make any forecasts that the results indicated in such forward-looking statements will be achieved.

The Company shall not be liable for the correct understanding of the information published on this website by the third parties. For whatever purpose, one should not rely on the accuracy, completeness or validity of the information or opinions contained on this website, and no responsibility or liability is assumed by the Company, its shareholders or associated companies, their officials, employees, directors, affiliates, agents or consultants for any information or opinions or for any errors or omissions contained on this website. The company shall not be liable for investment and other financial decisions of the third parties based on the forward-looking statements published on this website.

Neither the Company nor its consultants shall bear any liability for direct or indirect or subsequent losses of any kind arising from the use of this website or the information it contains.

I have read the Disclaimer