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Description

PetroKazakhstan is a vertically integrated oil and gas group owned by China National Petroleum Corporation and National Company KazMunaiGas *. PetroKazakhstan scope of business includes exploration, field development, oil and gas production, as well as purchasing of fields, processing and selling of crude oil and refined products. Thanks to its integrated nature the company's business has a lot of opportunities to improve the quality of products and increase the efficiency. The operations of PetroKazakhstan Group of Companies are based on two business units: JSC PetroKazakhstan Kumkol Resources (PKKR) and PetroKazakhstan Oil Products LLP (PKOP). PKKR located in Kyzylorda Oblast produces oil and PKOP located in the central city of South Kazakhstan Oblast – Shymkent – refines it. PetroKazakhstan also owns a 50% share in two joint ventures operating in the South Turgai oil basin. The partner in JV Kazgermunai TOO is E&P KazMunaiGas AO and in Turgai Petroleum AO – LUKoil Overseas Kumkol B.V. PetroKazakhstan's business represents an integrated process chain covering activities from exploration and production of oil up to its processing into top-quality oil products and a developed marketing and transportation system.