KazMunayGas (KMG) ( kk, QazMúnayGaz, ҚазМұнайГаз) is the state-owned oil and gas company of
Kazakhstan
Kazakhstan, officially the Republic of Kazakhstan, is a transcontinental country located mainly in Central Asia and partly in Eastern Europe. It borders Russia to the north and west, China to the east, Kyrgyzstan to the southeast, Uzbeki ...
.
[Kazakhstan state oil unit float seeks to raise more than £1bn]
by Paul J Davies, Financial Times. 4 September 2006 It was founded in 2002 by merging CJSC ''Kazakhoil'' and CJSC ''Oil&Gas Transportation''.
[Company Profile of KazMunayGas]
KazMunayGas corporate website
History
It was formed by the decree of the President of Kazakhstan dated February 20, 2002 through the merger of ''Kazakhoil'' CJSC and ''Oil&Gas Transportation'' CJSC. The Kazakhoil company was founded in 1997, and
Nurlan Balgimbayev became its first president. From May 1997 to March 1999,
Timur Kulibayev
Timur Askaruly Kulibayev ( kk, Тимур Асқарұлы Құлыбаев, ''Timur Asqarūly Qūlybaev'', born 10 September 1966) is a Kazakh business oligarch and son-in-law of former Kazakh president Nursultan Nazarbayev. Kulibayev has held ...
held the position of Vice President for Economics and Finance at Kazakhoil. In the summer of 2000, Kairat Satybaldy, the nephew of
Nursultan Nazarbayev, who in 2002 took the position of Managing Director for Social Affairs, Strategic Planning and Telecommunications at KazMunayGas, became the Vice President of Kazakhoil.
Subsidiaries
Main subsidiaries of KazMunayGas are:
*
KazMunaiGas Exploration Production (AO) (KMG EP) – onshore oil and gas exploration and production
*
Tengizchevroil (20%) – oil joint venture with
Chevron
Chevron (often relating to V-shaped patterns) may refer to:
Science and technology
* Chevron (aerospace), sawtooth patterns on some jet engines
* Chevron (anatomy), a bone
* '' Eulithis testata'', a moth
* Chevron (geology), a fold in rock la ...
,
Lukoil and
Exxon-Mobil
*
KazTransOil – oil transportation
**
Port of Batumi – Georgian logistics company
* KazTransGas – gas transportation.
Gazprom is its principal customer, accounting for 64% of its consolidated revenue in 2011, down from 75% in 2010.
* KazMunayGas Refining and Marketing – oil refining and marketing
**
Rompetrol (75%) – A Romanian oil company
[
]
** Atyrau Refinery
[Company Overview of Atyrau Refinery LLP](_blank)
/ref> – oil refining
* Kazmortransflot – shipping by tankers
* KazMunayTeniz – offshore oil and gas exploration and production
* Atyrau International Airport
* Eurasia-Air Helicopter Company – helicopter services
* KazMunaiGas Services Compass – Catering and Support Services
KazMunaiGas Exploration Production (AO) has its equity listed in form of common shares and global depositary receipts on the Kazakhstan Stock Exchange and the London Stock Exchange
London Stock Exchange (LSE) is a stock exchange in the City of London, England, United Kingdom. , the total market value of all companies trading on LSE was £3.9 trillion. Its current premises are situated in Paternoster Square close to St Pau ...
, respectively.
Oil refineries
KazMunayGas operates 2 oil refineries in Kazakhstan:
* Pavlodar Refinery:
* Atyrau Refinery:,
Shareholders and Management
90% of the shares of the company are managed by the 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 - Chris Walton, Independent Director. CEO and Chairman of the Management Board - Magzum Myrzagaliev.
2011 strikes
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
Bulat Abilov ( kk, Болат Мұқышұлы Әбілов, ''Bolat Muqyshuly Ábilov'') was the Deputy Chairman of the Otan political party in Kazakhstan. He achieved this position following the death of Parliamentary Speaker and Deputy Chair ...
, 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, Nur-Sultan
Astana, previously known as Akmolinsk, Tselinograd, Akmola, and most recently Nur-Sultan, is the capital city of Kazakhstan.
The city lies on the banks of the Ishim River in the north-central part of Kazakhstan, within the Akmola Region, tho ...
, 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.
Also in August, a labor lawyer, Natalya Sokolova, was sentenced to six years in jail for 'organizing illegal gatherings' at the smaller Karazhanbas field, which was also on strike.
Earlier, in July, the singer Sting
Sting may refer to:
* Stinger or sting, a structure of an animal to inject venom, or the injury produced by a stinger
* Irritating hairs or prickles of a stinging plant, or the plant itself
Fictional characters and entities
* Sting (Middle-earth ...
had cancelled a concert after he was briefed on the strike by Amnesty International
Amnesty International (also referred to as Amnesty or AI) is an international non-governmental organization focused on human rights, with its headquarters in the United Kingdom. The organization says it has more than ten million members and s ...
.
These labour strikes were causing a 6% output drop in KazMunayGas production, according to a company spokesman.[Pala, Christopher]
"Daughter of Kazakh strike leader found dead"
''MarketWatch'', 27 August 2011 11:34 am EDT. Retrieved 2011-09-01.
On 26 August, KMG EP fired around 900 striking workers and replaced them with new recruits from the area. The company said that production at Uzen had stabilized. Karazhanbasmunai, a joint venture between KMG EP and China's Citic, also fired around 500 workers.[
Until mid-September 2011, daily protests by angry protestors, many of whom used to work at Uzen, continued in Zhanaozen's main square "in a rare display of popular dissent".][Nuttall, Clare]
"Kazakhstan simmers as striking oil workers sacked"
, ''business new europe'' via ''silkroadintelligencer.com'', 14 September 2011. Retrieved 2011-09-20.
The unrest has persisted, with violence erupting on independence day, 16 December 2011, killing 16 and leaving about 100 injured as police opened fire on the demonstrations.
Bloomberg, 9 January 2012
New York Times, 16 December 2011. Retrieved 2011-12-17.
The labor conflict resulted in the resignation of KazMunaiGas EP Chief Executive Officer Askar Balzhanov on 22 Dec. President Nursultan Nazarbayev also replaced the head of parent company KazMunaiGaz National Co., Bolat Akchulakov, and fired his own son-in-law Timur Kulibayev, who headed the country's sovereign wealth fund.
See also
* Energy policy of Kazakhstan
Energy in Kazakhstan describes energy and electricity production, consumption and import in Kazakhstan and the politics of Kazakhstan related to energy.
Kazakhstan is net energy exporter. Kazakhstan has oil, gas, coal and uranium reserves. Kazakh ...
References
External links
KazMunayGas corporate websiteKazMunayGas corporate website in EnglishKazMunaiGas Exploration ProductionKazMunaiGas: Kazakhstan’s National Oil Company, ''silkroadintelligencer.com'', 12 September 2007
{{authority control
Oil and gas companies of Kazakhstan
Oil pipeline companies
National oil and gas companies
Government-owned companies of Kazakhstan
Companies based in Astana
Energy companies established in 2002
Non-renewable resource companies established in 2002
2002 establishments in Kazakhstan
Kazakhstani brands