KazMunaiGas

National company "KazMunayGas" is a Kazakhstani operator for exploration, production, processing and transportation of hydrocarbons, representing the interests of the state in the oil and gas industry of Kazakhstan.

Source: rusinflex.com

As of July 2018, the KazMunayGas group of companies, founded in 2002, includes more than 190 organizations.

The founder of KMG is the Government of the Republic of Kazakhstan represented by the Committee of State Property and Privatization of the Ministry of Finance of the Republic of Kazakhstan. KMG's shareholders are the Samruk- Қazyna National Welfare Fund (90%) and the National Bank of the Republic of Kazakhstan (10% + 1 share).

Performance indicators

2022: 26.7% oil production in Kazakhstan

History

2024

TATNEFT bought 50% of Kazakhstan's oil company Karaton for 1.6 billion rubles

In August 2024, it became known that the Russian company TATNEFT acquired a 50% stake in the Kazakh oil company Karaton Operating for ₽1,6 billion. This deal was the result of an agreement between Tatneft and the Kazakh national holding KazMunayGas, as a result of which the Kazakh side lost control of Karaton. Read more here

Lukoil bought 50% of Kalamkas-Khazar Operating

Lukoil paid $200 million for a 50 percent stake in Kalamkas-Khazar Operating LLP (KCO), a subsidiary of the Kazakh oil and gas company KazMunayGas (KMG). This is stated in the financial report of KMG, published in early April 2024. Read more here.