JSC “National Company “KazMunayGas” is a leading vertically integrated oil and gas company in Kazakhstan. KMG manages assets throughout the entire production cycle, i.e. from exploration and production of hydrocarbons to transportation, refining and provision of maintenance services. Founded in 2002, the Company represents the Republic of Kazakhstan’s interests in the national oil and gas industry.
The shareholders of JSC NC “KazMunayGas” are Joint-Stock Company “Sovereign Wealth Fund “Samruk Kazyna” (90.42%) and National Bank of the Republic of Kazakhstan (9.58%).
The National Company produces 25% of the country’s oil and gas condensate and 15% of natural gas and associated gas. The Company’s trunk pipelines transport 56% of oil in Kazakhstan. The share of oil refined by Kazakhstan oil refineries is 81%.
In 2021, JSC NC “KazMunayGas” produced 21,651 thous. tonnes of oil and 8,081 mln m3 of associated gas and natural gas. It transported 74,565 thous tonnes of oil and 81,851 mln m3 of gas from January 1 to November 8, 2021. Oil refineries refined 18,833 thousand tonnes of oil.
With more than 47 thousand employees, JSC NC “KazMunayGas” is among the major employers.