1991: State Corporation “Kazakhstanneftegas” is formed from the oil assets "inherited" from the Soviet Union.
1991-2002: Expansion of private operations in the oil sector: state-controlled assets are grouped into National Company KazMunaiGas (“NC KMG”) (created in 2002).
1997: The Government transferred all of its Shares in EmbaMunaiGas and UzenMunaiGas to KazakhOil CJSC, the Kazakh national oil company.
2002: KazakhOil NC CJSC and Oil & Gas Transportation NC CJSC - the national oil and gas transportation company merged to form NC KMG in February 2002.
2004: Creation of JSC KazMunaiGas Exploration Production: merger of JSC UzenMunaiGas and JSC EmbaMunaiGas.
2005: Asset restructuring to create an upstream focused company. – Divestment of a majority stake in Atyrau Refinery (December 2005). – Reduction of stake in petrochemicals business to 15% from 50% (December 2005).
2006: In September 2006, KMG EP carried out its Initial Public Offering on the Kazakhstan Stock Exchange, along with a placing of global depository receipts (GDRs) on the London Stock Exchange (LSE).
2007: In April 2007 KMG EP acquired a 50% stake in JV Kazgermunai LLP.
2007: In December 2007 KMG EP acquired a 50% stake in CCEL (Karazhanbasmunai). In December 2007 KMG EP acquired a 50% shares in CCEL “Karazhanbasmunai”.
