Kazakh President was reported on KMG's profitability
The Kazakh President underlined the necessity to apply the company's potential for further development of the energy sector.
The Kazakh head of state held a meeting with Chariman of the Board of NC KazMunayGas Sauat Mynbayev, a website of the Akorda reports.
At the meeting, the head of state was informed on the basic results of the national company's activity for the first half year and further plans.
Nursultan Nazarbayev noted that JSC KazMunaiGas is one of the major industrial holdings in Kazakhstan that is represented in all oil and gas projects, and underlined the necessity to apply the company's potential for further development of the energy sector.
"As of today, KazMunayGas is at a certain level of development and undergoes the trasformation stage, including structure optimization, digitalization of technological processes and preparation for the IPO," said the Kazakh President.
Sauat Mynbayev also reported the head of state on the situation on oil markets regarding the impact of world prices for energy resources on the company's porfitability.
Following the meeting, Nursultan Nazarbayev gave a number of specific instructions.