The official start of the transformation of the group of companies of Samruk-Kazyna JSC was given by the President of Kazakhstan, Nursultan Nazarbayev, in October 6, 2014. Transformation Program is a program of large-scale transformation of the Fund and the activities of controlled portfolio companies.
KazMunayGas National Company has entered a Transformation Program in 2015. The program is designed to improve business efficiency of KMG group of companies and thus increase the value of the company.
Transformation is a complex of system measures, initiatives and processes that permeate the entire vertically integrated holding company, covering the processes from production to retail sale. The emphasis is placed on improving the efficiency of business processes, simplifying them, increasing the speed of decision making, adapting the company to the challenging market conditions.
The transformation includes the following subsidiaries and associates of KMG: KazMunaiGas Exploration Production JSC, KazTransOil "JSC, KazTransGas "JSC, KazMunaiGas-processing and marketing JSC, NMSC Kazmortransflot LLP, AktauOilService LLP, SRI of Production and Drilling Technology of KazMunaiGas LLP; Practical implementation of the transformation is entrusted with KMG Global Solutions company (http://kmggs.kz).
The main aim of the transformation is to increase business efficiency and, as a consequence, the increase in value of the company.
Transformation is a long-term and systematic process of changes that will affect all levels of NC KazMunayGas JSC and its subsidiaries.
Tasks of the Transformation:
- Increased organizational capacity;
- Improvement of controllability processes;
- Specialization of operating units on core activities;
- Optimization of business processes;
- Improving the efficiency of all production units;
- Personnel development and training;
- Social satisfaction and prospects for the future generations.
Well-built process of planning and transformation program and projects management will allow reducing the risk of failure and increase the efficiency of the implemented changes.