ASTANA, Kazakhstan, July 11. Askhat Khassenov, Chairman of the Management Board of “KazMunayGas” (KMG), participated in the Oil Summit held in Almetyevsk (Republic of Tatarstan), timed to the 75th anniversary of the company “Tatneft,” Trend reports via KazMunayGas.
In his speech during the forum’s panel discussion, the head of KMG spoke about the company’s long-term development strategy. He emphasized that amid global challenges, KazMunayGas not only maintains its status as the national leader in the oil and gas sector but also actively adapts to current realities by implementing innovative approaches.
Among KMG’s key priorities is the advancement of geological exploration, which helps strengthen the raw material base and attract international partners. In particular, a joint exploration project, “Karaton Subsalt,” is currently being implemented together with PJSC “Tatneft.” Petrochemical development is also seen by the company as a strategic growth area. Furthermore, special importance is placed on improving efficiency at all levels of the business chain.
“Process optimization, digitalization, and the introduction of modern technologies allow not only to reduce costs but also to improve the quality and reliability of production operations, which is critically important in market competition,” said KazMunayGas.
Furthermore, Khasenov elucidated on KMG’s Low Carbon Development
Program extending to 2060, alongside the current renewable energy
initiatives in collaboration with ENI and Total Energies. He also
underscored the organization's strategic endeavors in global
collaboration within the scientific research domain and the
advancement of innovative technologies.
At present, in synergy with academic institutions, engineering
firms, and universities across Japan and Germany, KazMunayGas is
undertaking investigative initiatives in the domains of rare earth
elements and hydrogen energy technologies. Synergistic
collaborations are being enhanced within the paradigm of knowledge
transfer and competency development, encompassing emerging
talent.
“For us, transnational collaboration transcends mere access to
cutting-edge technologies; it embodies a strategic avenue for
cultivating novel competencies and co-developing solutions that are
in synergy with overarching global energy objectives,” concluded
Khassenov.
Tatneft stands as a preeminent entity within the Russian oil
sector, actively involved in the upstream and downstream segments
encompassing exploration, extraction, refining, and
commercialization of hydrocarbons and derivative products. The
corporate headquarters is strategically positioned in Tatarstan,
serving as a pivotal nexus in the regional economic landscape.
In November 2021, “Tatneft” and JSC “KazMunayGas” signed an agreement to establish a joint venture, LLP “Butadiene,” to implement a project for the production of butadiene rubbers. The project is planned to be realized on the territory of the SEZ “National Industrial Petrochemical Technopark” in the Atyrau region. Production launch is scheduled for 2026.