National Company KazMunayGas - Company Profile
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Business Description
National Company KazMunayGas (KMG), a vertically integrated energy company, carries out upstream, midstream and downstream operations. It also offers specialized support services. KMG represents the state’s interests in the oil and gas industry in Kazakhstan. KMG operates through five reportable segments: Exploration and Production of Oil and Gas; Oil Transportation; Refining and Trading of Crude Oil and Refined Products; Other and Corporate. The company possesses pre-emptive rights for new licenses and oil and gas assets put up for sale in the country. In FY2025, the company incurred a capital expenditure of KZT667578 million which was 7.1% of the company's total revenue and increased 3.5% YoY. Geographically, the company operates in Switzerland, UAE, Kazakhstan, Romania , Netherlands, and Other Countries.
R&D Overview
KMG focused its 2025 R&D policy on enhancing operational efficiency through advanced technology, digitalizing production, and promoting low-carbon energy. The company aimed to transform into a high-tech energy holding by integrating innovation across the entire value chain, from exploration to petrochemical production. Key areas of focus included resource replenishment and exploration, drilling and well intervention efficiency, production and development management technologies, refining upgrades and petrochemicals, digital transformation, and AI. Notable initiatives included the study of natural hydrogen, the use of innovative survey technologies, cost-cutting drilling techniques, enhanced oil recovery methods, and the development of a shared digital ecosystem. The R&D efforts of KMG are organized around creating synergies between science and production. The company focuses on resource replenishment and exploration, drilling and well intervention efficiency, production and development management technologies, refining upgrades and petrochemicals, and digital transformation and AI. These units are responsible for implementing innovative technologies, optimizing costs, and ensuring the integration of digital solutions across operations.
Business Segments
- Corporate
- Exploration and Production of Oil and Gas
- Oil Transportation
- Refining and Trading of Crude Oil and Refined Products
- Other
Overview
Includes the functions of the parent company and operational activities.
Performance
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Overview
Upstream assets include operating and non-operating interests in onshore and offshore deposits in the Caspian Sea. The segment conducts exploration on blocks of the Khvalynskoye and Isatay fields and other sites in the Kazakhstan sector of the Caspian Sea. Upstream portfolio includes jointly and individually managed projects Holds pre-emptive subsoil use rights in Kazakhstan with respect to strategic subsoil plots Non operating major oil and gas projects are Tengiz (20%), Kashagan (16.88%) and Karachaganak (10%).
Performance
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Overview
Midstream oil assets include main pipelines, tankers and chartered vessels, and Batumi oil terminal. KMG transports oil by two means, main oil pipelines operated by the subsidiary KazTransOil (KTO) and marine fleet. - Owns interests in Caspian Pipeline Consortium, Kazakhstan-China Pipeline and MunaiTas oil pipeline - Monopoly over key oil transportation assets in Kazakhstan - Export access to Europe and China and transit potential for neighboring countries' oil and gas - Exports oil through Batumi terminal.
Performance
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Overview
Downstream assets include refineries and filing stations. Owns interests in Atyrau (99.53%), Pavlodar (POCR) (100%), Shymkent (PKOP) (49.72%), and Caspi Bitum (50%) refineries in Kazakhstan; and Petromidia (54.63%) and Vega (54.63%) refineries in Romania - Atyrau - the complex refinery with Nelson index of 13.9 - Petromidia - largest refinery in Romania - Vega - only producer of extraction naphtha in Central and Eastern Europe - Refinery products include gasoline, diesel fuel, aviation kerosene, residual fuel and others - Operates filling stations in Romania, Bulgaria, Georgia and Moldova.
Performance
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Performance
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Geographical Segments
Performance
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Performance
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Performance
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Performance
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Performance
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Performance
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