The main aim of the transformation is to increase business efficiency
and as a consequence the increase of the company value. Our aim
inform you about the progress of the project regularly and in detail.

History

The official start of the transformation of the group of companies JSC "Samruk-Kazyna" gave the President of Kazakhstan, Nursultan Nazarbayev at October 6, 2014. Transformation Program - a program of large-scale reformations of the Fund and the activities of controlled portfolio companies.

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The program covers three areas: increasing the value of the portfolio companies, changes in portfolio structure and approach to the management of the Fund's investment activities, the redistribution of powers and responsibilities in the system of management of the Fund and its portfolio companies. Program implementation will require significant changes in most activities of the Fund and its portfolio companies, as well as in the mechanisms of interaction with state agencies involved in the activities of the Fund.

National Company "KazMunayGas" has entered in Transformation Program in 2015. The Program is designed to improve business efficiency KMG group of companies and increase the value of the company.

Transformation - a complex system of actions, initiatives and processes that permeate the entire vertically integrated holding company, covering the processes from production to retail sale. Emphasis is placed on improving the efficiency business processes, simplifying them, increasing the speed of decision making, the company adapt to the challenging market conditions.

The perimeter of the transformation includes the following subsidiaries and associated companies: “KazMunayGas” Exploration Production” JSC, «KazTransOil» JSC, «KazTransGas» JSC, “KazMunayGas – refining and marketing” JSC, “NMSC “KazMorTransFlot” LLP, “AktauNefteServis" LLP, "Research Institute of mining and drilling technologies" KazMunayGas "and others. The practical implementation of the transformation entrusted with the "KMG Global Solutions” company. Its team includes the best specialists from the "KazMunayGas" group companies on the terms of complete distraction from the ongoing work and the experts with experience in large international oil and gas projects, including the transformation.