Procurement

Procurement of goods, works, and services of the group of companies «KazMunayGas» is regulated by the Procurement Procedure of the Joint-Stock Company “Sovereign Wealth Fund «Samruk-Kazyna» and other legal entities, with fifty and more percent of voting shares (equity share) of which being directly or indirectly owned by «Samruk-Kazyna» JSC based on the right of ownership or trust management, approved by the Board of Directors of the Fund (Minutes No. 193 dated March 3, 2021), which was developed and adopted under the Law of the Republic of Kazakhstan On Procurement by Certain Quasi-Public Sector Entities dated June 8, 2021 No. 47-VII.

In the accordance with the abovementioned law, procurement is based on the following principles:

01

Optimal and efficient expenditure of the procurement money;

02

Openness and transparency of the procurement procedure in compliance with the rights and (or) legitimate interests of suppliers to trade secrets (before compiling tender results);

03

Fair competition among potential suppliers, prevention of collusion between procurement participants;

04

Responsibility of procurement participants;

05

Providing potential suppliers with equal opportunities to participate in the procurement procedure, except as provided by this Law;

06

Provision of support to domestic producers of goods, as well as domestic suppliers of works and services, unless it contradicts international treaties ratified by the Republic of Kazakhstan;

07

Purchase of innovative and high-tech goods, works, and services;

08

Prevention of corrupt practices;

09

Respect for intellectual property rights of the purchased goods.

Development of local content

The development of local content is one of the priorities of JSC NC «KazMunayGas». This task is achieved through support measures provided for by the Procurement Procedure of the Joint-Stock Company «Sovereign Wealth Fund «Samruk-Kazyna» and other legal entities, with fifty and more percent of voting shares (equity share) of which being directly or indirectly owned by «Samruk-Kazyna» JSC based on the right of ownership or trust management, approved by the Board of Directors of the Fund (Minutes No. 193 dated March 3, 2021). The main support measures are:

The development of local content is one of the priorities of JSC NC «KazMunayGas». This task is achieved through support measures provided for by the Procurement Procedure of the Joint-Stock Company «Sovereign Wealth Fund «Samruk-Kazyna» and other legal entities, with fifty and more percent of voting shares (equity share) of which being directly or indirectly owned by «Samruk-Kazyna» JSC based on the right of ownership or trust management, approved by the Board of Directors of the Fund (Minutes No. 193 dated March 3, 2021). The main support measures are:

  • – exemption from providing tender security, contracts enforcement, and guarantee of the return of an advance payment for domestic producers;
  • – setting the limit of the maximum amount of fines to be charged from the commodity producer following the terms of the procurement contract for late delivery or refusal to supply goods in contracts with purchased goods manufacturers;
  • – settlement, including the final settlement, under the contract concluded with the commodity producer of the purchased goods is to be made within not more than 5 working days from the date of signing the goods delivery acts by the parties.