OREANDA-NEWS. JSC NC “KazMunayGas” (hereinafter – KMG), due to the fact of incoming requests from mass media and shareholders of KazTransOil, JSC of the possibility of consolidation of the two subsidiaries of the KMG group of companies – KazTransGas, JSC and KazTransOil, JSC, officially contends that such a consolidation has been recognized as economically impractical.

JSC NC “KazMunayGas” is the Kazakhstan’s operator for exploration, production, refining and transportation of hydrocarbons. 90% of shares of JSC NC “KazMunayGas” are owned by “National Welfare Fund “Samruk-Kazyna” JSC and 10% are owned by National Bank of the Republic of Kazakhstan.

“KazTransOil” JSC is the subsidiary of “KazMunayGas” NC JSC and the national operator of the Republic of Kazakhstan on the main oil pipeline. The company manages a network of main oil pipelines stretching over 5.4 thousand km and water pipelines 2 thousand km long, and also provides jobs for more than 8 thousand people. The production facilities of “KazTransOil” JSC are located in Karaganda, Pavlodar, South Kazakhstan, North Kazakhstan, Atyrau, Mangistau, West Kazakhstan, Kyzylorda, Almaty, Aktobe and East Kazakhstan regions.

“KazTransGas” JSC – the national operator of the Republic of Kazakhstan on gas and gas supply. The group of companies of KazTransGas, JSC consists of the enterprises and companies producing, transporting and marketing gas and its products