ASTANA, Kazakhstan, August 21. The revenue of Kazakhstan's national company KazMunayGas (KMG) for the first half of 2025 amounted to 4,500 billion tenge ($8,789 million), which is 6.2 percent higher than the figure for the first half of 2024, Trend reports via KazMunayGas's financial report for the first half of 2025.
The revenue expansion was propelled by augmented earnings from
the commercialization of hydrocarbon derivatives at KMG
International and at the corporate nexus of KazMunayGas.
"Throughout the designated reporting timeframe, throughput at KMG
International's refining facilities experienced an uptick
attributable to consistent operational efficiency. Conversely, in
Q1 2024, processing capabilities were constrained owing to the
delayed commissioning of the mild hydrocracking unit alongside
pre-planned extensive maintenance activities at the refinery," the
company articulated.
The observed expansion, coupled with the annual depreciation of the
tenge relative to the US dollar, mitigated the adverse effects
stemming from the downturn in global crude oil prices and the
diminished output levels at "KMG Kashagan B.V." attributable to an
elevated gas-to-oil ratio in the extracted hydrocarbons.
