VOL. XLVII
No 06
09-February-2004
CASPIAN
Kazakhstans State Oil Company Reports Increased Profits For 2003
KazMunaiGaz, Kazakhstans state-owned oil and gas company, reported net profits for 2003 totaling 69.1bn tenge, ($511.2mn), an increase of 18.9% over the previous years earnings, according to the Russian news agency Interfax. KazMunaiGaz reported total revenue of 399bn tenge ($2.95bn) during the year, while capital investment amounted to 58.5bn tenge ($432.79mn), including an investment in...
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