KazMunaiGas Exploration Production decreases its profit by 68%
Edited by Rhod Mackenzie / 2013-08-14 05:34:35
In January-June of 2013, KazMunaiGas Exploration Production decreased its net profit under IAS by 38% as compared with the same period of 2012 to 38.8 billion tenges ($257 million), the RBK reports.
The company connects the decrease of its net profit mainly with the fall of oil prices on the world market, a decrease of oil export sales and income from joint and associated enterprises and an increase of industrial costs.
