BISHKEK, Kyrgyzstan, September 14. The State Agency on Management of State-owned Property under the Cabinet of Ministers of Kyrgyzstan has increased its stake in Kyrgyzneftegaz oil and gas company, Trend reports.
According to information obtained from the Kyrgyz Stock Exchange, the agency previously held 20,611,928 shares, or 85.1632 percent of the company’s charter capital, valued at 886.192 million soms ($10.4 million).
Following the increase, the agency now owns 20,854,948 shares, which equates to 86.1672 percent of the charter capital, worth 896.641 million soms ($10.6 million).
In the second quarter of 2024, Kyrgyzneftegaz produced nearly 85,928 tons of oil, exceeding its production target by 2.3 percent. Additionally, the company extracted almost 14.397 million cubic meters of natural gas, surpassing its target by 11.7 percent.
The company's net profit for the first half of the year reached 1.345 billion soms ($15.9 million).