History
1911
Oil production started in Kazakhstan.
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. In December 2007 KMG EP acquired a 50% stake in CCEL (Karazhanbasmunai). In December 2007 KMG EP acquired a 50% shares in CCEL “Karazhanbasmunai”.
2008
NC KMG, KMG EP and BG Group signed an upstream co-operation agreement. The agreement sets out the principles of a joint study of hydrocarbon reserves potential of specific areas in the Republic of Kazakhstan and other countries. The companies will cooperate to identify opportunities across a range of potential oil and gas exploration and production projects.
2009
- In December 2009 KMG EP acquired 33% in PetroKazakhstan Inc
- International rating agency Standard & Poor’s (S&P) awarded to the Company GAMMA-6 corporate governance rating (CGR)
2010
- in July 2010 the Company announced that it reached an agreement with NC KMG to acquire 50% of Kazakhoil Aktobe LLP (“KOA”), 51% of Kazakturkmunai Ltd (“KTM”) and 50% of Mangistau Investments B.V. (“MIBV”), the owner of 100% of the common share capital of JSC “Mangistaumunaigas” (“MMG”). The deals are subject to approval.
- In September 2010 the Company acquired 100% in LLP SapaBarlau Service (currently LLP KMG EP Exploration Assets, KMG EP EA) and 100% in LLP NBK.
2011
- In March 2011 KMG EP acquired 50% in Urals Group Limited, which owns exploration license for the Fedorovskiy block.
- In April 2011 KMG EP acquired 4 exploration blocks from NC KMG: Temir, Teresken, Uzen-Karamandybas and Karaton-Sarkamys.
