ASTANA, Kazakhstan, August 21. The share of profit of the Kazakhstan national company KazMunayGas (KMG) in joint ventures and associated companies in the first half of 2025 increased by 30 percent, reaching $681 million, Trend reports, citing KMG’s financial results report for January-June 2025.
The company stated that this growth was driven by an increase in the share of profit from Tengizchevroil due to revenue growth following the start of production at the third-generation plant as part of the Future Growth Project of the Tengiz field (January 2025).
In addition, the growth was driven by an increase in the share of profit from PetroKazakhstan Oil Products - due to increased volumes of hydrocarbon processing, absence of repairs during the reporting period, and changes in the exchange rate of the tenge against the US dollar.
"Profit was also earned in the Caspian Pipeline Consortium - against the backdrop of increased oil transportation volumes linked to the rise in oil shipments from the Tengiz field, as well as changes in the exchange rate of the tenge to the US dollar," the document states.
According to the report, KazMunayGas increased its oil and gas condensate production by 8.8 percent in the first half of the year, reaching 13.04 million tons.
Oil transportation volumes decreased by 0.3 percent to 41.62 million tons. The volume of hydrocarbon processing at Kazakh and Romanian refineries rose by 16.5 percent, totaling 10.38 million tons.
