KazMunayGas
 |
|
| State-owned | |
| Founded | 2002 |
| Headquarters | Astana, Kazakhstan |
|
Key people
|
Chairman — Umirzak Shukeyev |
| Products | oil natural gas |
| Revenue | US$6.78 billion (2005) |
| US$1.15 billion (2005) | |
|
Number of employees
|
over 30,000 |
| Parent | Samruk-Kazyna |
| Website | www.kmg.kz |
KazMunayGas (KMG) is the state-owned oil and gas company of Kazakhstan. It was founded in 2002 by merging Kazakhoil and Oil and Gas Transportation.
Main subsidiaries of KazMunayGas are:
KazMunaiGas Exploration Production (AO) has its equity listed in form of common shares and global depositary receipts on the Kazakhstan Stock Exchange and the , respectively.
The company has stakes in LLP Kazgermunai JV, JSC Karazhanbasmunai and PetroKazakhstan Inc. Its two noted producing fields are Uzenmunaigas and Embamunaigas.
KazMunayGas operates 2 oil refineries in Kazakhstan:
KazMunayGas has a US $1.7 billion plan for the modernization of the Atyrau refinery. In August 2012, it obtained a US $297.5 million loan from the Japan Bank for International Cooperation and the Bank of Tokyo Mitsubishi a deep oil refining complex at the Atyrau Oil Refinery. This loan followed a contract awarded to Marubeni to reinforce the production of oil products to suit European environmental standards.
90% of the shares of the company are managed by National Welfare Fund "Samruk-Kazyna". 10% of KMG shares belong to the National Bank of the Republic of Kazakhstan.
Chairman of the Board of Directors - Frank Kuijlaars, Independent Director , Chairman of the Board - Sauat Mynbayev Muhametbaevich.
In May 2011 KazMunayGas was hit by a strike of workers demanding higher wages and better conditions.
In August, 2011, the company was four months into a wildcat strike at Uzenmunaigas. On 2 August, Zhaksylyk Turbaev, a trade union member working for an oilfield service company in Zhanaozen, was killed. On 24 August 2011, the 18-year-old daughter of an elected member of the strike committee was found dead and apparently murdered, according to the striker. Zhansaule Karabalayeva was found in the countryside near the oilfield in Western Kazakhstan with multiple injuries, according to her father, Kurdaibergen Karabalayev, in a telephone interview on 27 August. Bulat Abilov, an opposition politician, said "I don't think this is unconnected to the strike." "The local chief of police, quoted in a local paper, said the killing was not related to the strike. The company spokesman declined comment," according to one report.
On 31 August, Interior Ministry spokesman Nurdilda Oraz said in the Kazakh capital, Astana, that the police "did not associate" the "common crime" of Karabalayeva's murder with her father's activities. In the same report, the KMG EP press office said the father was not the trade union chairman and had never been a strike activist but worked as an engine driver for the company until 27 July this year.
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Wikipedia