New head of KazMunaiGas appointed

The Board of Directors of the leading oil company of Kazakhstan, JSC KazMunaiGas Exploration Production (KMG EP), announces that Kurmangazy Iskaziev has been appointed General Director of KMG EP. He previously held the position of CEO of JSC Embamunaigas (EMG), one of the core production assets of KMG EP.

The Chairman of the Board of Directors of KMG EP, Christopher Hopkinson, presented the new CEO at the meeting of the Board of Directors. "He has been successfully implementing new projects in his position of CEO of EMG over the last 8 months. We look forward to seeing Mr Iskaziev use his positive experience and apply his professional skills for the benefit of KMG EP Group," Hopkinson noted.

According to TASS, KMG EP is among the top three Kazakh oil producers. The overall production in 2014 was 250 thousand barrels per day of crude oil, including the Company's share in Kazgermunai, CCEL and PKI.

The company's shares are listed on the Kazakhstan Stock Exchange and the GDRs are listed on The London Stock Exchange. The Company raised over US$2 billion in its IPO in September 2006, the agency reports.