KMG Chairman reports to President on development of Kazakh oil export routes

Magzum Mirzagaliyev reports to President on KMG's operational and financial activity in 2023
Photo credit: Akorda

Chairman of the Management Board of JSC NC KazMunayGas Magzum Mirzagaliyev reported to President Kassym-Jomart Tokayev on the results of the company’s operational and financial activity in 2023, Kazinform News Agency reports citing the press service of Akorda.

According to Magzum Mirzagaliyev, in 2023, KazMunayGas recorded growth in key production indicators compared to 2022.

The President heard a report on the development of Kazakh oil export routes. Namely, Kazakhstan has already begun delivering crude oil to Germany and to Azerbaijan via the Baku-Tbilisi-Ceyhan pipeline. The country’s tanker fleet has been expanded together with the Emirati partners.

The Head of State was reported about the fulfillment of his tasks on increasing production of commercial gas and ensuring non-stop supply of petroleum products to the domestic market, as well as on attraction of investments and development of petrochemical projects.

Magzum Mirzagalieyev also informed about the progress of implementation of the Kalamkas – Sea, Khazar, Auezov project in Kazakhstani sector of the Caspian Sea and KMG’s geological exploration programs.

Kassym-Jomart Tokayev was also informed about the implementation of social projects in the regions of KMG's operation . Thus, the company has completed the reconstruction of the 1st stage of Astrakhan-Mangyshlak water supply line and beginning of the construction of a new water desalination plant in Zhanaozen.

Upon completion of the meeting, the Head of State set a number of tasks on implementation of investment projects, maintaining stability of hydrocarbon export routes and expansion of the scales of geological exploration works. The President also noted the importance of concentrating on the development of petrochemical sector.

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