Total debt of KazMunaiGas National Company JSC as of the 30th of June 2019 was equal to 3 trillions 995 billions of KZT or around 10,5 billions of US dollars.
The National Company defined the list of categories of goods, works and services, under which purchasing strategies as per KMG needs are developed. This was reported by Yesen Kairzhan – managing director for purchasing and procurement of KazMunaiGas National Company JSC – during speaking at the Forum of Kazakhstan machine builders, which took place in Nur-Sultan city.
“Category management combining within frames of purchasing strategies the needs of several organizations of KMG group for one type goods and services proved its efficiency. Today the list of 67 categories of goods, works and services has been defined, under which similar strategies are being developed. Currently 16 of them are successfully implemented and 17 purchasing strategies are at the stage of development” – said Yessen Kairzhan. An example was given of pilot purchasing category strategy called “Pipes for production and drilling”, within frames of which KMG signed agreements with domestic producers – KSP Steel LLP and Kaskor-Machine factory JSC for long-term supply of pump-compressor pipes for the total amount of more than 40 billions of KZT.
“Pump-compressor pipes, rods for depth pumps and transformers in the past year were also purchased in full scope by KMG from domestic producers of oil and gas equipment”, – informs media-service of KMG.
As it is noted according to results of the first half of the current year the local content in purchases of KazMunaiGas group of companies was equal to 78%. We remind that previously in 2018 results report KMG advised that total volume of purchases of goods, works and services by KazMunaiGas group of companies was equal to 2 trillions 428 billions of KZT. Local content among these makes 77% including that by goods – 77%, by works and services – 80%.
According to results of first six months of 2019 the net income of the company compared with the first six months of the past year grew by 73% and was equal to 622 billions of KZT or more than 1,6 billions of US dollars.
Payments under taxes and other compulsory payments reached 731 billions of KZT or 1,9 billions of US dollars, which is by 16% higher than in the similar period of the past year. In the first half of the year 2019 capital expenses of the company was equal to 167 billions of KZT or 440 millions of US dollars, which is by 5,8% lower if compared with the first half of the year 2018.
“Reduction is related to completion of upgrade of Kazakhstan oil processing factories” – explains KMG report.
Total dept as of the 30th of June 2019 reduced by 3,8% in comparison with the figure as of the 31st of December 2018 and was equal to 3 trillions 995 billions of KZT or almost 10,5 billions of US dollars.
Photo: kmg.kz