KMG EP appoints new head

    By E. Kosolapova
    KazMunaiGas Exploration Production (EP KMG) has appointed the general director of its parent company KazMunaiGas (KMG) Lyazzat Kiinov as Chairman of the company's Board of Directors at the regular meeting of the EP KMG Board of Directors on March. 14, the company reports.
    Moreover, the company's Board of Directors approved the date and the agenda for the Annual General Meeting of Shareholders, which will take place on 29 May 2012 in Astana.
    The agenda for the General Meeting of Shareholders the includes the approval of annual consolidated financial statements and the company's Annual Report for 2011, the net income allocation for the year 2011 and the dividend per ordinary and preferred share of the company, evaluation of the work of the Board of Directors of KMG EP in 2011.
    The Board of Directors has recommended a dividend payment per one ordinary and one preferred share of KMG EP for 2011 to be 1,300 tenge (including taxes withheld in accordance with the legislation of Kazakhstan). The recommended total dividend for 2011 is about 91 billion Tenge (approx. $ 615 million), Trend.az reports.