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.
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.
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).
KMG is actively working to create a domestic petrochemical industry which is a new stage in the development of the national company. In 2022, the KPI plant for the production of polypropylene is launched. Also, together with international oil and gas companies, KMG is starting to implement projects for the production of butadiene and polyethylene.
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
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.
Our vast network allows us to source products from remote locations if necessary. We also maintain an efficient schedule from multiple transportation access points, from which we deliver shipments to anywhere in the world. Our reputation relies on our ability to meet the most demanding delivery mandates and it is something we will never give up.