Business Lines
KMG is the national leader in the oil and gas industry in Kazakhstan with full integration across the value chain
Key indicators for 2021
KMG is the national leader in the oil and gas industry of Kazakhstan
Hydrocarbon reserves (2P), million tons of oil equivalent
Volume of oil and gas condensate production, million tons
Volume of transportation, million tons
Refining volume, million tons
EBITDA, billion tenge
Free cash flow billion tenge
Capital expenditures on an accrual basis, billion tenge
PETROCHEMICAL INDUSTRY
Across the globe, industrial applications are expected to become a dominant player in LNG usage. Liquefied natural gas have low carbon footprints and negligible emissions, when compared to other fossil fuels, make it the preferred choice for industrial applications in many parts of the world.
OILFIELD SERVICES
KMG coordinates service areas by maintaining the current level of production, developing new projects, and increasing competitiveness, and also takes into account its leading role in maintaining social stability in the regions of presence. The service activity of KMG is provided by 11 main companies
TRANSPORTATION
The two oil transportation modes at KMG are trunk pipelines and the marine fleet. In 2021, the consolidated volume of oil transportation through trunk pipelines to KMG was 64,710 thousand tons. The total volume of sea transportation of oil in 2021 was 9,855 thousand tons.
UPSTREAM
KMG produces 25% of oil and condensate and 15% of gas in Kazakhstan. Production is carried out by 9 operating assets of KMG, as well as 3 megaprojects, where Chevron Corp, Exxon Mobil Corp, Royal Dutch Shell PLC, Eni SpA, TOTAL SA, Inpex Corp, CNPC, and LUKOIL act as partners.
REFINING
KMG controls four of the largest oil refineries in Kazakhstan and two in Romania. In 2021, the total processing volume was 18.9 million tons. KMG’s goal is to increase the depth of oil refining at Kazakh refineries up to 89% by 2031.
EXPLORATION
To replenish reserves, KMG is working on 14 exploration projects (6 onshore and 8 offshore) and is carrying out additional exploration at producing assets. According to the audit of the international independent consulting company DeGolyer & MacNaughton, prepared in accordance with international PRMS standards, KMG’s proved plus probable hydrocarbon reserves (2P) as of December 31, 2021 was 645 mmtoe (4,983 million boe).