Attention, Scam!

Currently, scammers have built a dedicated website, mobile app and social media profiles, where they propose that Kazakh nationals invest their money to what they say is National Company “KazMunayGas”. In consideration, the scammers promise a fast return from sales of oil and gas.

KazMunayGas would like to assert that it does not raise any funds of the Kazakh nationals for any investment projects. The advertisement being spread is misleading and fraudulent.

We are asking the Kazakh people to be alert and to trust the official sources only.

Please bear in mind that the information on the company’s operations is posted only on the official website and on our pages in the social media, such as YouTube, Facebook, Instagram and Telegram.

Press Releases

29.07.2019

Abai area hydrocarbons exploration and development contract signed

On 26 July 2019 JSC NC “KazMunayGas” (KMG), the Ministry of Energy of the Republic of Kazakhstan and Eni S.p.A. signed the “Abai” area hydrocarbons exploration and production contract.

Under the signed contract, principal minimum obligations are drilling of one exploratory well and 3D seismic prospecting at the “Abai” offshore area of the Kazakhstan sector of the Caspian Sea.

Let us recall, in early July this year Direct Negotiation Minutes were signed, under which the parties agreed on the payment in the favour of Kazakhstan of the signature bonus (a one-time fixed payment payable by a subsurface user who acquired the right of subsurface use within a contract territory - RoK’s Tax Code) and on the subsurface user’s obligations in regard of the local content.

This project is an important step towards expanding the resource base for the both companies.