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KA
National Oil Company Integrated

KazMunayGas

Astana, Kazakhstan · Established 2002 · Profile updated July 1, 2026

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Auditor Executive Assessment

Prepared by the Asian Oil Intelligence Desk · Institutional due-diligence memorandum

JSC NC KazMunayGas (KMG) is Kazakhstan's state-owned oil and gas company, holding interests in Tengiz, Karachaganak, and Kashagan megafields alongside domestic refining and pipeline infrastructure. The company controls KazTransOil pipeline network and the Caspian Pipeline Consortium export route. FY2023 group revenue approximated $22 billion with net income near $2 billion. KMG EP listed on LSE/KASE provides partial transparency. Tengiz Future Growth Project with Chevron is the primary near-ter...

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