KazMunayGas
| KazMunayGas
|
|
|---|---|
 |
|
| legal form | Corporation |
| ISIN | KZ1C49280015 |
| founding | February 27, 2002 |
| Seat | Nur-Sultan , Kazakhstan |
| management |
|
| Number of employees | 70,938 (2019) |
| sales | 7.97 trillion Tenge (2019) |
| Branch | Mineral oil company |
| Website | www.kmg.kz |
| As of December 31, 2019 | |
KazMunayGas (KMG) ( Kazakh ҚазМұнайГаз , German transcription QasMunaiGas ; Russian КазМунайГаз ) is a company from Kazakhstan with headquarters in Nur-Sultan . It is listed on the Kazakh Stock Exchange . 100 percent of the shares are owned by the Kazakh state company Samruk-Kazyna . According to the company, around 70,000 people are employed at KMG. The petroleum company's turnover in the 2019 financial year was around eight trillion tenge .
history
The company was founded on February 20, 2002 by decision of Kazakh President Nursultan Nazarbayev . It was created through the merger of the two state-owned companies National oil and gas company Kazakhoil and NC Transport of Oil and Gas. Initially, the state-owned company provided funding in accordance with agreements with neighboring Russia in the north of the Caspian Sea. After further agreements with Russia and the People's Republic of China , the construction of pipelines was pushed ahead.
In August 2007 the company acquired 75 percent of the shares in the Romanian oil supplier Rompetrol for around 3.6 billion dollars.
At the end of 2009, the company and the China National Petroleum Corporation acquired 100 percent of the shares in the Kazakh mineral oil company Mangghystaumunaigas .
During demonstrations by workers of the oil field in Shangaosen for better working conditions, the Shangaosen massacre broke out on December 16, 2011 , in which at least 14 people were killed.
Corporate structure
subsidiary company
The KazMunayGas group includes the companies KazTransOil , KazTransGas and KazRosGas in the petroleum industry . The subsidiary KazMunayGas Exploration Production is the largest listed company in Kazakhstan; it is listed in the KASE index .
The shipping company Kazmortransflot is also part of KMG. KazMunayTengiz is the company that operates on the Caspian Sea and the Aral Sea . Telecommunications company KazTransCom is also owned by KazMunayGas. The group's products are distributed by the petrol station operator KazMunayGas Önimderi .
Shareholders
KazMunayGas shareholders:
| Proportion of [%] | Shareholders |
|---|---|
| 90.42 | Sovereign Wealth Fund Samruk-Kazyna |
| 9.58 | Kazakh National Bank |
Corporate governance
KazMunayGas CEO since 2002:
| Surname | Period |
|---|---|
| Lassat Qiynow | 2002-2003 |
| Usaqbai Qarabalin | 2003-2008 |
| Serik Bürkitbajew | 2008 |
| Qajyrgeldi Qabyldin | 2008-2011 |
| Bolat Aqsholaqov | 2011 |
| Lassat Qiynow | 2011-2013 |
| Sauat Myngbayev | 2013-2018 |
| Alik Aidarbayev | since 2018 |
Projects
The company's largest project is the Kashagan oil field near Atyrau , which was only discovered in 2000 . Oil production is to begin between 2012 and 2014. In addition to KazMunayGas (share: 16.81%), international corporations are also involved in this project. They include Eni (share: 16.81%), Royal Dutch Shell (share: 16.81%), Total (share: 16.81%), ConocoPhillips (share: 8.4%) and INPEX (share: 7 , 56%).
Other major projects include the oil fields Tengiz and Karachaganak . KazMunayGas also operates several smaller oil and gas fields on the Caspian Sea and mainland Kazakhstan.
Web links
- Official website of KazMunayGas (English, Kazakh and Russian)
Individual evidence
- ↑ a b KazMunayGas: Annual Report 2019 , accessed on July 26, 2020 (PDF, English).
- ↑ Reuters : RLPC-KazMunaiGas signs $ 3.1 bln loan for Rompetrol buy
- ↑ KMG website: CNPC and KazMunayGas acquire 100% of MangistauMunaiGas shares through open trade on Kazakhstan Stock Exchange
- ↑ Kazakhstan Stock Exchange: National company "KazMunayGaz" JSC (KMGZ) , accessed on August 25, 2018 (English).
- ↑ Forbes : Eni to share Kashagan operator status with other consortium members UPDATE