Once again, KMG topped the 2020 Environmental Transparency Rating of Oil and Gas Companies of the Republic of Kazakhstan
A presentation on the results of the Eurasian Environmental Transparency Rating of Oil and Gas Companies was held on the online platform of TASS press centre on 4 December 2020. The rating included 18 Russian oil and gas companies with an oil and gas condensate production volume of over 2 MM tonnes, as well as 14 Kazakh enterprises (starting from 0.5 MM tonnes per annum), two companies from Azerbaijan (starting from 0.1 MM tonnes per annum). The independent experts of WWF Russia, the National Rating Agency and Creon Group thoroughly examined the transparency of emergencies and oil spills, noting that the environmental transparency of the companies participating in the rating keeps growing.
For the fourth year in a row, KazMunayGas maintained leadership among the Kazakh companies, whereas North Caspian Operating ranked second and Karachaganak Petroleum Operating ranked third. BP company topped the list of Azerbaijani companies.
Over the seven years of the Russian rating’s existence, the first three places have been occupied by Sakhalin Energy, Surgutneftegas, Gazprom, Zarubezhneft and Exxon. At the end of the year, Zarubezhneft leads the rating, Surgutneftegas ranks second and Lukoil ranks third.
The rating methodology has been tested through corporate practices and for the second year in a row, an internal rating is held among the subsidiaries and dependent entities of JSC NC "KazMunayGas", which is topped by Intergas Central Asia JSC with Embamunaigas JSC and KazTransOil JSC coming in the leading trio.
“The burgeoning competition among the rating participants for the leading positions as well as the active dialogue between representatives of the oil and gas industry and the public irrefutably demonstrate the efficiency of the impact the project makes on enhancing the transparency of the entire industry, particularly, with respect to disclosing environmentally significant information,” says Viktor Chetverikov, Managing Director for NRA Development Projects.