KazMunaiGaz plans to join 30 world’s leading oil companies in 2015


Serik Sabekov

KazMunaiGaz plans to join 30 world's leading oil companies in 2015KazMunaiGaz JSC is planning to enter into the thirty leading oil companies in the world in 2015. President of the company Kairgeldy Kabyldin has made it public at the Government’s sitting today.

“At present KazMunaiGaz occupies the 50th place in the rating of oil companies. We set a strategic goal to join the 30 world’s leading oil companies with major stockpiles and oil production in 2015”, K. Kabyldin said.

According to him, the company expects positive results upon the results of a year’s work except for two indices connected with performance of plans on transit of Turkmen gas and oil processing.

“In whole we have positive tendencies and hope that the 2009 plan approved by the board of directors will be fulfilled”, he noted.


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KazMunaiGaz to increase oil output to 40mln tons a year by 2020


Kanat Kulshmanov

“KazMunaiGaz National Company is planning to increase production of oil to 40 million tons per year by 2020”, Head of the Company K. Kabyldin has said at the Government’s sitting in Astana today.

“It is planned to increase oil production from today’s 18.3 million tons per year to 40 million tons per year in 2020 through realization of new projects”, Mr. Kabyldin noted.

According to him, the company also plans to increase hydrocarbon production 2.6 times. “To date the company has in reserve 611 million tons of oil and 62 billion cubic meters of gas. In 2020 oil reserves will reach 1.6 trillion tons, gas – 500 billion cubic meters”, he added.