OREANDA-NEWS. KazMunaiGas Exploration Production (Astana), whose shares are officially listed on Kazakhstan Stock Exchange (KASE), has provided KASE with the following press release:

"JSC KazMunaiGas Exploration Production (“KMG EP” or “the Company”) announces an update on the domestic supply pricing for the month of April 2016 which is the first month that KMG EP switched to an oil processing scheme.

According to preliminary data, net revenue achieved from the sale of all refined oil products (net of all costs associated with marketing) was approximately 28,000 Tenge per tonne of oil processed at Atyrau Refinery (ANPZ) and approximately 42,000 Tenge per tonne of oil processed at Pavlodar Refinery (PNHZ) for the month of April as a result of switching to the processing scheme. The higher net revenue for April was due to the improved market conditions driven by higher Brent oil prices and stronger light oil products output than expected".