Font size:
+A
-A
Mode:
Return to the normal mode
Switch to the mode for the visually impaired
Business Lines
KMG is the national leader in the oil and gas industry in Kazakhstan with full integration across the value chain

Key indicators for 2021

  • 645
    hydrocarbon reserves (2P), million tons of oil equivalent
  • 21.7
    volume of oil and gas condensate production, million tons
  • 74.6
    volume of transportation, million tons
  • 18.9
    refining volume, million tons
  • 1609
    EBITDA, billion tenge
  • 669
    free cash flow, billion tenge
  • 414
    capital expenditures on an accrual basis, billion tenge
Geography
OPERATING PRODUCTIONS ASSETS
MEGAPROJECTS
Oil pumping station
Head oil pumping station
SHOW ALL
Upstream
Refining
Transportation
Petrochemical industry
Oilfield services
Exploration
Upstream

KMG produces 25% of oil and condensate and 15% of gas in Kazakhstan. Production is carried out by 9 operating assets of KMG, as well as 3 megaprojects, where Chevron Corp, Exxon Mobil Corp, Royal Dutch Shell PLC, Eni SpA, TOTAL SA, Inpex Corp, CNPC, and LUKOIL act as partners.

The total volume of oil and gas condensate production in 2021 was 21.6 million tons or 444 thousand barrels per day. The shares of operating and mega-projects for production amounted to 64% (14 million tons) and 36% (7.7 million tons), respectively.

Until 2031, KMG plans to ensure a total oil production of 240 million tons

Operating assets Region Website
JSC Ozenmunaigas
Share of KMG - 100%
Oil and gas condensate production 5,332 thousand tons in 2021
Mangystau region
JSC Mangystaumunaigaz
Share of KMG - 50%
Oil and gas condensate production - 2,944 thousand tons in 2021
Mangystau region
JSC Embamunaigas
Share of KMG - 100%
Oil and gas condensate production 2,522 thousand tons in 2021
Atyrau region
JSC Karazhanbasmunai
Share of KMG - 50%
Oil and gas condensate production -1,048 thousand tons in 2021
Mangystau region
JV Kazgermunai LLP
Share of KMG - 50%
Oil and gas condensate production - 727 thousand tons in 2021
Kyzylorda region
PetroKazakhstan Inc.
Share of KMG - 33%
Group of companies whose shareholders are CNPC E&D (67%) and EP KazMunayGas (33%)
Oil and gas condensate production -600 thousand tons in 2021
Kyzylorda region
Kazakhturkmunay LLP
Share of KMG - 100%
Oil and gas condensate production -434 thousand tons in 2021
Aktobe region
Kazakhoil Aktobe LLP
Share of KMG - 50%
The participants of the Company on a parity basis are the national company «KazMunayGas» and Caspian Investments Resources Ltd (Sinopec)
Oil and gas condensate production -298 thousand tons in 2021
Aktobe region
Urikhtau Operating LLP
Share of KMG - 100%
Oil and gas condensate production - 47 thousand tons in 2021
Aktobe region
Non-operational assets (megaprojects) Region Website
Tengizchevroil LLP (TCO)
Share of KMG - 20%
Oil and gas condensate production - 26,553 thousand tons in 2021
Atyrau region
North Caspian Operating Company N.V. (NCOC)
Share of KMG - 8.44%
KMG Kashagan B.V. (16.88%), Eni (16.81%), Exxon Mobil (16.81%), Shell (16.81%), TOTAL SA (16.81%), CNPC (8.33%), INPEX North Caspian Sea (7.56%)
Oil and condensate production - 16,236 thousand tons in 2021
Production of oil and condensate for the share of KMG (8.44%) - 1,344 thousand tons
Atyrau region
Karachaganak Petroleum Operating B.V.
Share of KMG - 10%
Production of liquid hydrocarbons - 10,338 thousand tons in 2021
West Kazakhstan region
Refining

KMG controls four of the largest oil refineries in Kazakhstan and two in Romania. In 2021, the total processing volume was 18.9 million tons. KMG’s goal is to increase the depth of oil refining at Kazakh refineries up to 89% by 2031.

Kazakhstan Region Website
Caspi Bitum
Processing capacity 0.9 million tons
Share of KMG 50.00%, jointly with CITIC
Mangystau region
Shymkent Oil Refinery
Processing capacity 6.0 million tons
Share of KMG 49.72%, jointly with CNPC
Turkestan region
Pavlodar petrochemical plant
Processing capacity 6.0 million tons
Share of KMG 100%
Pavlodar region
Atyrau Oil Refinery
Processing capacity 5.5 million tons
Share of KMG 99.53%
Atyrau region
Romania Region Website
Vega
Processing capacity 0.3 million tons
Share of KMG 54.63%, jointly with the Government of Romania
Ploiesti district, Ploiesti
Petromidia Refinery
Processing capacity 4.6 million tons
Share of KMG 54.63%, jointly with the Government of Romania
Constanta district, Nevodar
Transportation

The two oil transportation modes at KMG are trunk pipelines and the marine fleet. In 2021, the consolidated volume of oil transportation through trunk pipelines to KMG was 64,710 thousand tons. The total volume of sea transportation of oil in 2021 was 9,855 thousand tons.

Transportation by trunk pipelines Region Website
Caspian Pipeline Consortium (CPC)
Key destinations: exports to Europe
Capacity – 67 million tons per year
Share of KMG 20.75%
Atyrau region
MunaiTas North-West Pipeline Company LLP (MT)
Key destinations: exports to China, domestic market
Capacity – 6 million tons per year
Share of KTO 51%
Almaty
Kazakhstan–China Pipeline LLP (KCP)
Key destinations: exports to China, domestic market
Capacity – 20 million tons per year
Share of KTO 50%
Almaty
KazTransOil JSC
Key destinations: exports
to Europe and China, domestic market
The capacity of the Atyrau-Samara section is 17.52 million tons per year
Aktau Port capacity - 5.2 million tons per year
Share of KMG 90%, 10% of shares is owned by minority shareholders who acquired them under the People’s IPO program.
Astana
Transportation by sea Region Website
NMSС Kazmortransflot LLP is the national sea carrier
The main routes of sea transportation of oil:
• routes in the water area of the Caspian Sea;
• routes in the waters of the Black and Mediterranean seas.
Share of KMG 100%
Mangystau region
Petrochemical industry

KMG is actively working to create a domestic petrochemical industry which is a new stage in the development of the national company. In 2022, the KPI plant for the production of polypropylene is launched. Also, together with international oil and gas companies, KMG is starting to implement projects for the production of butadiene and polyethylene.

Region Website
Kazakhstan Petrochemical Industries Inc. LLP (KPI)
Share of KMG: 49.5%
Capacity: 500 thousand tons of polypropylene per year
Atyrau region
Oilfield services

KMG coordinates service areas by maintaining the current level of production, developing new projects, and increasing competitiveness, and also takes into account its leading role in maintaining social stability in the regions of presence. The service activity of KMG is provided by 11 main companies

Region Website
KMG Systems and Services LLP
Share of KMG - 100%
Services:
• Granting for use, operation, management, and maintenance of the North Caspian ecological oil spill response base and other infrastructure facilities to support offshore oil operations;
• Creation of infrastructure facilities to support offshore oil operations;
• Prevention of oil spills and response to them at sea and on land;
• Participation in projects for the production and maintenance of oil and gas equipment;
Astana
KMG Drilling&Services LLP
Share of KMG - 100%
Services:
Drilling and construction of offshore oil wells.
Astana
Oil Services Company LLP
Share of KMG - 100%
Services:
• drilling and development of oil and gas wells;
• overhaul and underground workover of wells;
• chemicalization of technological processes of oil production;
• transport services and other activities on a license basis.
Aktau
Exploration

To replenish reserves, KMG is working on 14 exploration projects (6 onshore and 8 offshore) and is carrying out additional exploration at producing assets.

According to the audit of the international independent consulting company DeGolyer & MacNaughton, prepared in accordance with international PRMS standards, KMG's proved plus probable hydrocarbon reserves (2P) as of December 31, 2021 was 645 mmtoe (4,983 million boe).

Region
Kurmangazy project
Participants:
• JSC MNC KazMunayTeniz – 50% share in the PSA;
• RN-Exploration LLC
(a wholly-owned subsidiary of Rosneft) – 50% share in the PSA.
The project operator is Kurmangazy Petroleum LLP, a wholly-owned subsidiary of JSC NC KazMunayGas.
The project funding is provided by JSC NC KazMunayGas and RN-Exploration LLC on a parity basis – 50% of costs each.
Mangystau region
Tsentralnaya project
Participants:
• JSC NC KazMunayGas – 50%;
• TsentrCaspneftegaz LLC (a 50/50 joint venture of PJSC LUKOIL and PJSC Gazprom) – 50%.
The operator and subsoil user is Central Oil and Gas Company LLC incorporated in the Russian Federation.
During the period of exploration, the funding is provided by TsentrCaspneftegaz LLC covering 100% of project costs based on carry-financing.
Mangystau region
Khvalysnkoye project
In 2005, JSC NC KazMunayGas and PJSC LUKOIL established a 50/50 joint venture, Caspian Oil and Gas Company, which will be the authorized subsoil user under the Khvalynskoye project once the Production Sharing Agreement is executed.
The project funding is provided by JSC NC KazMunayGas and
PJSC LUKOIL in the form of loans at interest on a parity basis.
Mangystau region
Turgai project
Participants:
• JSC NC KazMunayGas – 100%.
Currently, the Turgai project is implemented by KMG at its own expense.
Kyzylorda region
Bekturly Vostochny project
Participants:
• JSC NC KazMunayGas – 50% of subsoil use rights;
• Kokel Munay LLP – 50% of subsoil use rights.
The project operator is Beсturly Energy Operating LLP.
During the period of exploration, the funding is provided by Kokel Munay LLP covering 100% of project costs based on carry-financing.
Mangystau region
Abay project
Participants:
• JSC NC KazMunayGas – 50% of subsoil use rights;
• Eni Isatay B.V. – 50% of subsoil use rights.
The project operator is Isatay Operating Company LLP.
During the period stretching from the commencement of exploration until approval of the field development project, the funding is provided by Eni Isatay B.V. covering 100% of project costs based on carry-financing.
Atyrau region
Isatay Project
Participants:
• JSC NC KazMunayGas – 50% of subsoil use rights;
• Eni Isatay B.V. – 50% of subsoil use rights.
The project operator is Isatay Operating Company LLP.
During the period of exploration, Eni Isatay B.V. covers 100% of project costs on the carry-financing basis.
Atyrau region
Zhenis Project
Participants:
• JSC NC KazMunayGas – 50% of subsoil use rights;
• LUKOIL Kazakhstan Upstream LLP
50% of subsoil use rights.
The project operator is Zhenis Operating LLP.
During the period of exploration, LUKOIL Kazakhstan Upstream LLP covers 100% of project costs on the carry-financing basis.
Mangystau region
Al Farabi Project
The subsoil user under the contract is Al-Farabi Operating LLP with the participation of:
• JSC NC KazMunayGas – 50.01%
• PJSC LUKOIL – 49.99%
Funding for the exploration period until the approval of the field development project is provided by PJSC LUKOIL in the amount of 100% of the project costs on the principle of carry-financing and by Eni Isatay B.V.
Mangystau region