2031 GOAL

Total oil output 240 mln tonnes

KMG has a diversified portfolio of oil and gas production assets with an attractive upside potential.

refining

midstream

marketing

exploration

ambitious
#production

commercial

high-tech

organic growth

unique feedstock

25%
OF TOTAL OIL
AND CONDENSATE
PRODUCTION
IN KAZAKHSTAN
15%
OF TOTAL GAS
PRODUCTION
IN KAZAKHSTAN

2031 GOAL

Bring refining depth at Kazakh refineries to 89%

The Company operates four largest refineries in Kazakhstan and two in Romania; the facilities have been comprehensively modernised.

midstream

marketing

exploration

production

deep
#refining

vertically integrated

state-of-the-art

sustainable

largest refineries

82%

KMG'S REFINING MARKET

SHARE THROUGH HOLDINGS
IN ALL OF KAZAKHSTAN'S MAJOR
MODERN REFINERIES

The Company’s oil transportation system is highly diversified and has strong transit and export potential.

marketing

exploration

production

refining

extensive
#midstream

competitive

efficient

stable

export potential

56%
SHARE OF THE OIL
TRANSPORTATION
MARKET
ANNUAL REPORT 2021
LEVERAGING
OUR STRENGTHS
f u l l # i n t e g r a t i o n
unique geography cutting-edge refineries efficient management financial stability
exploration production refining midstream marketing
midstream capacity growth commitment to ESG principles high-potential upstream portfolio
Leveraging our strengths...

KMG is Kazakhstan’s leading vertically integrated oil and gas company operating assets across the entire production cycle from exploration and production of hydrocarbons to transportation, refining and provision of services. Full integration across the value chain represents a solid foundation for our sustainable development in the long term.

...keeping the lead...

#1 KAZAKHSTAN'S

  • in oil production
  • in oil transportation
  • in oil refining
...thinking about the future

Confident about our future, we set new goals, refine the governance system, maintain financial strength, and incorporate sustainable development principles across the value chain

Walton

Christopher Walton,

Chairman of the Board of Directors of JSC NC KazMunayGas

2021 was a busy year for the Company, the nation, and the world at large. As pandemic-related restrictions were eased, we saw a rapid recovery in international business activity, which had a positive impact on a number of social and economic indicators of the global economy and the oil and gas industry in particular.

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