Company Profile For AO "Razvedka Dobycha KazMunaiGaz"

AO "Razvedka Dobycha KazMunaiGaz" (KMGq.L) (London Stock Exchange)

sector: Energy · industry: Oil & Gas Exploration & Production ·

As of 9:10pm IST

24.50USD

Price Change

-0.24

Percent Change

-0.97%

Analyst Recommendations

Overview

KazMunayGaz Razvedka Dobycha AO (RD KMG AO or KazMunaiGas Exploration Production JSC or KMG EP JSC) is a Kazakhstan-based company engaged in the oil and gas industries. The Company was created through a merger of UzenMunaiGas JSС and EmbaMunaiGas JSС, and it conducts its principal operations through the Uzen’MunayGaz (UMG) and EmbaMunayGaz (EMG) production divisions. The Company’s services comprise the acquisition, exploration, development, production, processing and export of hydrocarbons. Its core operations of oil and gas properties are located in the west of the country, near the Caspian Sea. KazMunayGaz Razvedka Dobycha AO is a subsidiary of National Company KazMunaiGas JSC, which represents the state’s interests in the Kazakh oil and gas industry.

Quick Financial Synopsis

BRIEF: For the six months ended 30 June 2009, KazMunayGaz Razvedka Dobycha AO's revenue decreased 39% to KZT206.63B. Net income for the period decreased 13% to KZT128.77B. Revenue reflects decreased demand for the Company's crude oil and gas products business segments as well as export of crude oil geographical segments. Net income was partially offset by a significant increase in interest income and a decrease in interest expenses.