Astana: KazMunayGas has announced the implementation of 13 active geological projects in its pipeline, as revealed by Chairman Askhat Khassenov during the opening session of the KAZENERGY Eurasian Forum. Khassenov noted the importance of these projects for the company, emphasizing that they will continue to advance these initiatives energetically. Some of these projects are undertaken with partners, while others are independently managed by KazMunayGas.
According to Trend News Agency, Khassenov highlighted the strategic significance of resource acquisition for KazMunayGas’s operational sustainability. He also mentioned the government’s approval of a decarbonization program set until 2060, indicating the company’s commitment to balancing traditional and renewable energy projects. Khassenov expressed appreciation for the presence of colleagues and partners at the forum, stating that their cooperation is becoming increasingly effective.
KazMunayGas operates as Kazakhstan’s sovereign entity in the oil and gas sector, utilizing a vertically integrated model that spans the entire hydrocarbon value chain. Founded in 2002, it oversees a diverse portfolio of assets and subsidiaries across the upstream, midstream, and downstream sectors, embodying the nation’s comprehensive approach to managing its oil and gas resources.