Back to exhibitors list...

Stand: M-58-1

Company: KarazhanbasMunai Joint-Stock Company

KarazhanbasMunai JSC produced heavy oil at Karazhanbas field, Buzachi Peninsula, 230 km from Aktau. The field was discovered in 1974 and is the biggest shallow field of extra-heavy crude oil in the CIS. Its development utilises thermal methods. Since 2006, the company has been owned by CITIC Group (a Chinese government corporation) and KazMunaiGaz Exploration & Production JSC of Kazakhstan. The tenfold growth in the daily oil production in 1999 made the company one of the top three leading oil enterprises in Mangystau Oblast and the top nine companies in the country. The project employs over 4,000 people, both the company employees and contractors. Citizens of Kazakhstan make 98.4% in KarazhanbasMunai JSC, while foreign specialists, 1.6%. National manufacturers of goods and services are also involved – over 400 Kazakhstan enterprises supply equipment, special clothing, protective equipment, stationery, furniture, and other materials. KarazhanbasMunai JSC has affiliates which provide maintenance services: TulparMunaiService LLP, involved in the well drilling and workover, and ArgymakTransService LLP, founded to render transportation services. KarazhanbasMunai JSC takes an active part in social programmes in the region. Within the last decade, more than 850 million tenge has been invested for those purposes.