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8 months ago
BRIEF-Kazakh KMG EP expects positive free cash flows in 2017-21
December 21, 2016 / 7:27 AM / 8 months ago

BRIEF-Kazakh KMG EP expects positive free cash flows in 2017-21

Dec 21 (Reuters) - KazMunaiGas Exploration and Production

* Capital expenditure in 2017 is planned at 119 billion tenge ($330 million), 15 percent higher than expected capex for 2016.

* Expects free cash flows to be positive in 2017-2021 period.

* Total combined production of the company, including its stakes in KGM, CCEL and PKI, in 2021 is expected to be 1 percent higher than expected production in 2016. Further company coverage: Source text for Eikon: nRSU4464Sa (Reporting by Olzhas Auyezov)

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