During the meeting of the Government of the Republic of Kazakhstan CEO of “Samruk-Kazyna” JSC Umirzak Shukeyev reported that financial and operational indicators of the Fund for the first quarter 2017 increased compared to the corresponding period of previous year.

"According to operational data, the aggregate revenue for 12 large portfolio companies for three month of 2017 amounted to KZT 1146.5 billion, which is 55% higher compared to the same period of 2016 and made to 27% of the annual plan," Umirzak Shukeyev said.



As per the CEO, the privatization program of the Fund’s group is underway. To date, Samruk-Kazyna has sold 124 assets out of 215.

In addition, the results of the first quarter show a positive dynamics in operational indicators of the Fund group. Thus, oil and gas condensate production amounted to 5.76 million tons, which is 0.2% higher than the same period last year. The volume of natural gas production totaled 1.40 billion cubic meters, which is 10% higher than last year. The refining throughput of the three Kazakhstan’s refineries owned by KazMunayGas group amounted to 3.03 million tons, 31% higher than the same period last year. 

"The volume of rail freight transportation for the reporting period amounted to 47.94 billion ton-kilometers, which is 14% higher than last year. The electricity generation indicator of “Samruk-Energy” JSC also increased by 34.5% and amounted to 7,367.0 million kWh compared to the corresponding period of previous year. Transmission of electricity also exceeded last year's volume by 13%," Mr Shukeyev noted.

In addition, "Nurly Zhol" program worth USD 1.8 billion has been successfully implemented. In particular, projects for the construction of Borzhakty-Ersay railway line, creation and development of the special economic zone "Khorgos-Eastern Gate", the first phase of "Transit North-East-South", "Construction of the 500 kV OHTL Ekibastuz -Shulbinsk HPP-Ust-Kamenogorsk” are fully implemented.