On June 20, Astana hosted a regular meeting of the Samruk-Kazyna Public Council, chaired by Bolat Zhamishev on the activities of KazMunayGas JSC.

The Fund’s portfolio company presented a performance report for 2024 and plans for 2025

KazMunayGas is a backbone national company in the field of oil, gas and petrochemical.

“In 2024, the KazMunayGas group of companies provided 27% of the total oil production in the country, 57% of the transportation volume and 80% of the refining volume. We note positive dynamics in key indicators: free cash flow increased from USD2.16 to USD2.55 billion, the debt burden decreased from USD8.27 to USD7.55 billion, and the share price after the IPO increased from KZT8,406 to KZT14,790”, - Yelzhas Otynshiev, Managing Director of the Fund, said at the meeting.

According to Asset Magauov, Deputy CEO of KMG, more than KZT476 billion has been invested in strategic projects, including geological exploration, expansion of processing capacities (Kenderli desalination plant, expansion of the capacity of the Caspi Bitumen plant from 500 to 750 thousand tons of bitumen per year).