JSC “National Company “KazMunayGas” is a leading vertically integrated oil and gas company in Kazakhstan. KMG manages assets throughout the entire production cycle, i.e. from exploration and production of hydrocarbons to transportation, refining and provision of maintenance services. Founded in 2002, the Company represents the Republic of Kazakhstan’s interests in the national oil and gas industry.
The shareholders of JSC NC “KazMunayGas” are Joint-Stock Company “Sovereign Wealth Fund “Samruk Kazyna” (90.42%) and National Bank of the Republic of Kazakhstan (9.58%).
The National Company produces 26% of the country’s oil and gas condensate and 15% of natural gas and associated gas. The Company’s trunk pipelines transport 57% of oil and 79% of gas in Kazakhstan. The share of oil refined by Kazakhstan oil refineries is 81%.
In 2019, JSC NC “KazMunayGas” produced 23.62 million tonnes of oil and 8.46 billion m3 of associated gas and natural gas. It transported 78.07 million tonnes of oil and 103.49 m3 of gas. Oil refineries refined 20.59 million tonnes of oil.
In 2019, the KMG portfolio included 16 geological prospecting projects, of which 8 were offshore and 8 were onshore.
With more than 70 thousand employees, JSC NC “KazMunayGas” is among the major employers.
