In accordance with the Development Strategy of JSC NC KazMunayGas to 2025 KMG confirms its commitment to the determined line of development and achievement of shareholders’ objectives: increased long-term value of company assets and promotion of modernization and diversification of Kazakhstan’s economy.
Vision: KMG is a highly efficient national upstream and midstream oil and gas company meeting the highest standards of safety and corporate governance.
Mission: Ensuring maximum benefits for the Republic of Kazakhstan from participation in development of the national oil and gas industry by:
- increasing the Company value and ensuring investment pay-back;
- focusing the Company’s activities on the oil and gas market of Kazakhstan and considering potential options of business expansion in the CIS countries;
- ensuring high-level financial stability;
- ensuring sustainable growth.
Ambitions: Become a top-30 global oil and gas company in terms of commercial oil and condensate production volumes.
1. Efficiency. The Company strives for continuous improvement of its financial and production performance as well as its management practices and process solutions.
2. Responsibility. The Company is responsible for discharge of all its obligations to the shareholders, partners, employees and society.
3. Professionalism. The Company strives for improvement of its employees’ skills ensuring the appropriate working conditions and providing opportunities for personal and professional development.
4. Safety. The Company strives to ensure world class standards occupational health and environmental protection, preservation of its employees’ lives and health.
The corporate values are aimed at ensuring trust and respect to the business community, partners, government officials and everybody whom success and well-being of KMG depend on. The values make the Company’s employees strive for excellence and improvement of their performance.
To ensure sustainable growth, taking into account factors of external and internal environment, KMG will have to focus on the following three key priorities:
1. Strengthen the company’s financial position in the short- and mid-term by means of capital constraints and improvement of operational efficiency.
2. Shape KMG target business model taking into account the privatization program.
3. Strengthen KMG role as an O&G industry key stakeholder in Kazakhstan.