Press Releases

08.02.2019

NC KazMunayGas Board of Directors approves the new organizational chart

NC KazMunayGas (hereinafter - the Company) reports that on February 6, 2019 a meeting of the Board of Directors was held. At the meeting it was decided to change the organizational structure of the Company and break up the management processes into key business areas by:

  • geology and exploration,
  • production,
  • oil production and marketing,
  • oil transportation, international projects and Saryarka gas pipeline construction.

The new structure abolishes the position of Deputy Chairman of the Management Board for Exploration, Production and Oilfield Services and introduces the positions of Deputy Chairman of the Management Board for Production and Deputy Chairman of the Management Board for Geology and Exploration instead. The position of Deputy Chairman of the Management Board for Oil Transportation, Refining and Marketing has been replaced by the positions of Deputy Chairman of the Management Board for Oil Refining and Marketing and Deputy Chairman of the Management Board for Oil Transportation, International Projects and Saryarka Gas Pipeline Construction. Besides, the position of Managing Director for Mangistaumunaigas and Ozenmunaygas has been abolished.

Thus, since February 7, 2019 the professionals in their respective areas have been appointed as the curators responsible for developing the key business areas:

  • Kurmangazy Oryngaziyevich Iskaziyev has been appointed as Deputy Chairman of the Management Board for Geology and Exploration. Iskaziyev will be responsible for expanding the resource base and managing the reserves of subsidiaries efficiently;
  • Daniyar Suinshlikovich Tiyessov has been appointed as Deputy Chairman of the Management Board for Oil Refining and Marketing, and will be responsible for the implementation of key performance indicators;
  • Daniyar Amirbayevich Berlibayev has been appointed as Deputy Chairman of the Management Board for Oil Transportation, International Projects and Saryarka Gas Pipeline Construction. In his new position he will be responsible for oil export and transportation, further refining of oil on export markets, maximizing the cost for the Company and implementing the strategic Saryarka Gas Supply Project.

Since February 11, 2019, Zhakyp Nasibkaliyevich Marabayev has been appointed as Deputy Chairman of the Management Board for Production, and will be responsible for achieving the oil and gas production targets and improving the organization and coordination of business processes.

The new organizational structure should improve the efficiency of production and corporate governance of NC KazMunayGas, ensure the quick decision-making and improve the interaction between the central office of the Company and its subsidiaries.

The Company notes that these changes do not incur additional financial costs for the wage fund.