Mission of JSC NC KazMunayGas is providing the Republic of Kazakhstan with maximum benefits of participation in development of oil and gas industry.
Strategic directions and goals are defined in Development Strategy of JSC NC KazMunayGas” and include:
Increasing Company’s value
Improvement of financial and economic results
Increasing reserves and assets
Growth of production
Compliance with strategic interests of the government
Increase of economic effect after completion of large oil and gas projects (Tengiz, Karachaganak and Northern-Caspian projects)
Development of transport capacities
Assistance to development of petrochemical production with high added value Construction of highly efficient oil & gas company
Improvement of Company’s management system
The strategic goals shall be achieved due to fulfillment of the activities provided in Summary Plan of Strategic Initiatives (Strategic Development Plan) of JSC NC KazMunayGas for 2006-2010 and implementation of Strategic Development Directions for JSC NC KazMunayGas covering 5 years (2007-2011).
Program of Assets Restructuring
The actual stage of development of oil and gas industry of Kazakhstan gives the company new tasks which solution shall provide achievement of strategic goals and stable economic development of the company in the future.
The goal of the Program of Assets Restructuring – creation of effective and transparent assets structure.
The program provides decrease of total number of subsidiary and dependent organizations involved in core auxiliary and additional activities.
Principles of Company’s assets restructuring:
retention of significant assets and focusing the efforts on main activities
leaving the core assets with low commercial potential
leaving the board of participants/shareholders of core auxiliary assets
leaving the board of participants/shareholders of non-core assets
Core activity includes:
development and production
operation of oil and gas field infrastructure
transportation and operation of oil-and-gas pipelines
implementation and marketing, research and development (R&D) in the sphere of oil and gas
design and construction of oil&gas pipelines and petroleum field infrastructure
Target structure of Company’s assets:
Development and production of hydrocarbons
Marketing and sales
Transportation of oil and gas
Service – includes core-auxiliary and non-core sectors
Implementation of the Program of assets restructuring will provide receiving of profit from realization of participation shares and share holdings of subsidiary and associated organizations, enable to reduce administrative expenses on control and monitoring of existing assets, give additional opportunities and resources for development of perspective projects.