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August 04, 2015 3:29 PM ET

Oil, Gas and Consumable Fuels

Company Overview of joint Stock Company National Company KazMunayGas

Company Overview

joint Stock Company National Company KazMunayGas operates as an integrated oil and gas company in the Republic of Kazakhstan. It is involved in the exploration and production of oil and gas; transportation of oil through pipelines and vessels; transportation of gas; and refining and trading of crude oil and refined products. joint Stock Company National Company KazMunayGas has a strategic agreement with Eni S.p.A. The company is based in Astana, the Republic of Kazakhstan. joint Stock Company National Company KazMunayGas is a subsidiary of Samruk-Kazyna National Welfare Fund JSC.

19, Kabanbay Batyr Avenue

Astana,  010000


Key Executives for joint Stock Company National Company KazMunayGas

Chairman of Management Board, Chief Executive Officer and Director
Age: 53
Age: 44
Managing Director of Economy & Finance and Member of Management Board
Age: 38
Chief Executive Officer of JSC KazMunaiGas Exploration Production
Deputy Chairman of Managing Board for Transport Infrastructure
Age: 59
Compensation as of Fiscal Year 2015.

joint Stock Company National Company KazMunayGas Key Developments

KazMunayGas Announces Consolidated Earnings Results for the First Quarter of 2015

KazMunayGas announced consolidated earnings results for the first quarter of 2015. For the first quarter, profit has exceeded KZT 10.169 billion compared to KZT 165.178 billion in the same period in 2014. Operating profit of the company amounted to KZT 278.318 million compared with KZT 94.6 billion in the same period of 2014. Revenue amounted to almost KZT 569.714 billion. In the same period of 2014, the revenues amounted to KZT 804.144 billion tenge.

Lukoil and KazMunayGas to Expand Geological Exploration Cooperation in Kazakhstan

Lukoil and KazMunayGas have signed a memorandum of understanding to expand cooperation of the two companies in the area of geological exploration at unlicensed sections in Kazakhstan.

KazMunaiGas and Royal Dutch Shell plc Open Geochemical Lab in Atyrau

Royal Dutch Shell and KazMunaiGas have opened a world-class geochemical laboratory complex in Atyrau, western Kazakhstan, an Interfax correspondent reported from the ribbon cutting ceremony. The lab complex, which was established at the Kaspiimunaigas research institute, will conduct innovative geochemical research in the area of geological exploration, development and extraction. In addition to standard research for exploration, the lab will use a broad range of new technologies, including geochemical fingerprinting, which will play an important role in tackling current industry problems in Kazakhstan.

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