ASTANA, Kazakhstan, August 23. In the first half of 2025, dividends from joint ventures (JVs) and associated companies of KazMunayGas increased compared to the same period in 2024, Trend reports, citing KazMunayGas’s financial report for 1H2025.
In the first half of 2025, dividends received from joint ventures and associated companies of Kazakhstan’s KazMunayGas rose by 53.2 percent, reaching 474 billion tenge ($926 million), compared to 310 billion tenge ($689 million) in the first half of 2024.
The main drivers of this growth were:
An increase in dividends from Tengizchevroil LLP, which rose from 160 billion tenge ($356 million) to 328 billion tenge ($641 million);
A 91.2 percent increase in dividends from the Caspian Pipeline Consortium project, reaching 81 billion tenge ($158 million), due to dividend payouts from Caspian Pipeline Consortium-R;
Besides, dividends from Petrokazakhstan Inc., Kazgermunai JV, and Kazakhstan-China Pipeline went up.
