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Sustainability and sustainable development combined with a responsible attitude toward people and the environment

Quarterly results

Results of operations for the first half of 2023


Key indicators in 2023

  • 1995
    billion tenge, EBITDA
  • 2080
    billion tenge, adjusted EBITDA
  • 683
    billion tenge, capital expenditures (cash basis)
  • 1645
    billion tenge, net debt
  • 984
    billion tenge, free cash flow
Competitive Advantages of KMG
As the leader in the oil and gas industry in Kazakhstan, KMG has a number of significant competitive advantages
Unique opportunity to invest in Kazakhstan’s oil and gas industry
The oil and gas industry is one of the most important sectors for the economy of the Republic of Kazakhstan, being one of the twenty largest oil-producing countries in the world, and NC KazMunayGas JSC ranks first in the Republic of Kazakhstan in terms of oil production.
The Republican leader in the oil industry with full integration across the entire value chain
NC KazMunayGas JSC is the national operator for the exploration, production, processing, and transportation of hydrocarbons. Thus, the company is present at all stages of the value chain, which allows generating profit not only from the sale of oil, which is important during periods of low prices for raw materials.

The portfolio of NC KazMunayGas JSC also includes new projects, including oil and gas chemistry and exploration, which should lead to an increase in the company's income in the future

Financial stability
The company maintains its financial stability and provides sufficient conditions for its long-term development.
Priority right
Priority right to obtain subsoil use rights based on direct negotiations.
Diversified and sizable portfolio of upstream assets with attractive growth prospects and access to the world's largest deposits
NC KazMunayGas JSC has access to many promising production assets, including some of the largest fields in the world, which provides the company with a stable income.
Replenishment of reserves due to extensive resource potential and active exploration program
The resources of NC KazMunayGas JSC are renewable due to the vastness of reserves and an active program of geological exploration, which ensures the stability of the company in the long term.
Control of Kazakhstan’s transportation routes generating cash flows with significant growth potential
The oil pipeline infrastructure allows NC KazMunayGas JSC to control local, export, and transit transportation routes, which ensures constant access to sales markets and contributes to the generation of additional cash flows with significant growth potential.
Completely modernized processing plants dominating key markets
The company controls four of the largest oil refineries in Kazakhstan and two in Romania.
An experienced management team operating under a transparent corporate governance system
NC KazMunayGas JSC is a modern and efficient company headed by a team of experienced managers and applying the best corporate governance practices in its activities.
Focus on sustainable development
NC KazMunayGas JSC is a socially and environmentally responsible company committed to the principles of sustainable development.
Annual Reports

A detailed description of the Company's results in key areas of activity for the reporting year

Sustainability Reports

Sustainability Reports for Stakeholders

Debt and Credit Ratings

KMG intends to maintain credit ratings at investment grade, maintain a high credit profile and maintain the Company's business image as a bona fide borrower.

Other Reports and Presentations for Investors
Business lines
We manage assets throughout the entire production cycle, from exploration and production of hydrocarbons to transportation, refinery, and service provision.

Over the next ten years, KMG's growth will be ensured by increasing the resource base, the efficiency of current production, lengthening the value chain, introducing modern technologies and reducing the carbon footprint


KMG is currently implementing more than 60 investment projects in the field of exploration and production, transportation of hydrocarbons, as well as petrochemicals.

On issues of interaction with shareholders and investors
Phone: +7 (7172) 78 64 34