JSC National Company KazMunayGas (KMG), Kazakhstan's vertically integrated oil and gas company, announces its IFRS financial and operating results for 2018.
Natural gas production in Kazakhstan in the first quarter of 2019 reached 14.6 bln cubic meters (+3.6% compared to the same period last year), of which natural gas in the gaseous state amounted to 5.9 bln cubic meters.
The recovery of world oil prices has revived the oilfield services market in Kazakhstan. Subsoil users increased capital expenditures and have begun to implement major investment projects. Accordingly, the number of orders from domestic service providers has increased.
In 2018, Kazakhstan allocated 41 thousand quotas for attracting foreign workers. Most of them are in the top management of companies. This was reported by the Ministry of Labor and Social Protection.