Value Chain
Production, Transportation, and Sales of Oil and Gas
In 2024, KMG’s oil and gas condensate production totaled 23,837 thousand tonnes (equivalent to 490 thousand barrels per day), which is a 1.3 % increase compared to the previous year. The production volume of associated and natural gas (before reinjection) increased by 1.0 %, reaching 9,554 million cubic meters.
The total volume of trunk and marine oil transportation rose by 3.9 %, amounting to 83,478 thousand tonnes.
The volume of sales of KMG’s own produced oil and gas condensate increased by 1.4 %, reaching 24,019 thousand tonnes, of which 64.5 % was exported.
To meet domestic market needs, KMG supplied 8,519 thousand tonnes of its own oil and gas condensate, including 5,224 thousand tonnes of crude oil from its operating assets (Ozenmunaigas JSC, Embamunaigas JSC, KazakhTurkMunai LLP) to the Atyrau Refinery, Pavlodar Petrochemical Plant (hereinafter – Pavlodar Refinery), and Shymkent Refinery (hereinafter – PKOP) for further processing and sale of petroleum products.
Refining and Sales of Petroleum Products
The volume of petroleum products output at Kazakhstani and Romanian refineries totaled 17,949 thousand tonnes in 2024, representing a 1.3 %1 decrease.
The volume of wholesale sales of KMG’s own petroleum products increased by 6.7 %, reaching 5,272 thousand tonnes. This growth was driven by increased crude oil supplies from Ozenmunaigas JSC and Embamunaigas JSC for further refining, as well as the sale of additional volumes of diesel fuel carried over from 2023.
1 The sustainability report data on petroleum products output includes other petroleum products (Naphtha, Gasoil, and others) that are not included in the production results for 2024 (operational report).