NC KazMunayGas JSC is the National Company of Kazakhstan for exploration, production, refining and transportation of hydrocarbons, representing the state’s interests in the oil and gas industry.
NC KazMunayGas JSC is fully-owned by the government of Kazakhstan through the Samruk-Kazyna Sovereign Wealth Fund, which owns key economic assets, such as oil and gas, electricity, transportation, mining and industrial, telecommunications and others.
KazMunayGas Group includes 220 companies, being one of the largest employers, with a headcount of more than 84,000 in all its operations.
The strategic acquisition of KMG International N.V. provided KazMunayGas with a footprint into important downstream markets in Europe, as well as the ability to use the Group as a platform for future international expansion.
In December 2016, The National Company KazMunayGas Kazakhstan established a strategic partnership with CEFC (China Energy Company Limited) to further develop the assets and operations of KMG International N.V.
The agreement states the commitment to pursue the transaction of buying 51% of KMG International shares and the deal will undergo standard procedures and clearance stages, including approvals from the EU, Romanian and Chinese competent authorities.
For more information about NC KazMunayGas JSC, please visit: http://www.kmg.kz/en/
For more information about CEFC, please visit: http://en.cefc.co/index.php