– KAZAKHSTAN / UK – JSC KazMunaiGas Exploration Production today announced that on 4 October 2013 at the meeting of the Board of Directors of KMG EP Deputy General Director for Production Kairbek Yeleusinov was elected as a member of the Management Board of the Company.
As reported earlier, Bakhyt Imanbayev, Deputy General Director for Production, Member of the Management Board, has resigned from his position on 28 September 2013.
About KMG EP
KMG EP is among the top three Kazakh oil and gas producers. The overall production in 2012 was 12.2mt (an average of 247 kbopd) of crude oil, including the Company’s share in Kazgermunai, CCEL and PKI. The total volume of proved and probable reserves, as at the end of 2011 was 226mt (1.7bn bbl), including shares in the associates of about 2.1 bn barrels. The Company’s shares are listed on the Kazakhstan Stock Exchange and the GDRs are listed on The London Stock Exchange. The Company raised over US$2bn in its IPO in September 2006. The International rating agency Standard & Poor’s (S&P) confirmed KMG EP’s “BBB-” corporate credit rating in December 2011.
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