KMG's strategy is developed based on the Company's responsibility to both current stakeholders and future generations.
Scope of operation
JSC National Company KazMunayGas (“KMG”, the “Company”) 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. Established in 2002, the Company represents the interests of the Republic of Kazakhstan in the national oil and gas industry.
KMG is owned by Sovereign Wealth Fund Samruk-Kazyna Joint-Stock Company (“Samruk-Kazyna”, the “Fund”) (90.42%) and the National Bank of Kazakhstan (“NBK”) (9.58%), which transferred its shares to the trust management of the Fund on 12 October 2015.
Samruk-Kazyna is a sovereign wealth fund with the Government of the Republic of Kazakhstan as its sole shareholder. The Fund’s mission is to improve the sovereign wealth of the Republic of Kazakhstan and ensure long-term sustainability for future generations. The Fund’s portfolio includes companies operating in the oil and gas, transport, logistics, chemical, nuclear, mining and metals, energy and real estate industries.