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KMG's Statement on a Media Publication

09.03.2021

In response to a media publication titled KMG met with not-a-French-style Refusal of a Date (link: https://orda.kz/kak-kazmunajgazu-otkazali-v-svidanii-ne-po-anglijski/) of 7 March 2021, JSC NC “KazMunayGas” would like to announce that the information provided in the material is unreliable. In particular, the information about the UK-based corporation BP using stern wordings, placing the blame of the Management Board of JSC NC “KazMunayGas” in its letter about withdrawal from negotiations on the development of Kalamkas-Offshore and Khazar projects, is clearly untrue.

Furthermore, the author's allegations concerning the investor referring in the letter to KMG's lack of initiative and noting that there is nobody to negotiate with, are false. As evidence, please find attached a copy of the letter from Andrew McAuslan, Head of BP's Business Development. Mr. McAuslan emphasized that this decision stemmed from the review of the company's strategy – BP is now determined to focus on renewable energy.

JSC NC KazMunayGas

In response to a media publication titled KMG met with not-a-French-style Refusal of a Date (link: https://orda.kz/kak-kazmunajgazu-otkazali-v-svidanii-ne-po-anglijski/) of 7 March 2021, JSC NC “KazMunayGas” would like to announce that the information provided in the material is unreliable. In particular, the information about the UK-based corporation BP using stern wordings, placing the blame of the Management Board of JSC NC “KazMunayGas” in its letter about withdrawal from negotiations on the development of Kalamkas-Offshore and Khazar projects, is clearly untrue.

Furthermore, the author's allegations concerning the investor referring in the letter to KMG's lack of initiative and noting that there is nobody to negotiate with, are false. As evidence, please find attached a copy of the letter from Andrew McAuslan, Head of BP's Business Development. Mr. McAuslan emphasized that this decision stemmed from the review of the company's strategy – BP is now determined to focus on renewable energy.
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