Company Strategy

Kg oil & gas aims to bring solutions to the concerns of a changing world and climate change. Learn how the company plans to become carbon neutral by 2050 and transform into an integrated supplier of sustainable fuels, chemicals, and materials with a strong emphasis on circular economy solutions. As a result, by the middle of this century, we must have reduced greenhouse gas emissions to zero. This problem is centered on the energy sector. As oil and gas play a smaller part in the global economy, securing a reliable and affordable energy supply will remain a top issue.

We must transition to alternate and sustainable feedstocks in order to establish a greener and smarter mobility system. Due to rigorous rules and consumer behavior, biofuel demand in Europe is predicted to nearly treble by the end of this decade. Chemical and material demand will continue to expand, driven by global population expansion, rising affluence, and rising living standards. Many of the devices we use on a daily basis, such as computers and cellphones, are made of high-performance plastics.

They make our automobiles and planes lighter and more fuel-efficient, and they save lives with safety features like airbags, helmets, and medical equipment. Lightweight solutions are not only necessary for modern healthy living, but they are also critical for achieving a low-carbon economy because of their properties: strength, flexibility, and, most crucially, cheap production costs. However, we must change the way we dispose of plastic. Plastics must no longer be seen as a problem, but as a component of the solution.

Moving from Fossil to Low-Carbon-Business

In order to achieve our goal of becoming a net-zero corporation, we will gradually reduce our oil and gas production by 20% by 2050, and then fully stop producing oil and gas for energy usage by 2050. We will continue to invest in traditional exploration and production until 2030, after which we will considerably reduce our investment. Gas’s proportion will rise to more than 60%, indicating its function as a transition energy that allows renewables to be used. At the same time, E&P will invest in geothermal energy and carbon capture and storage (CCS) to contribute to a more sustainable society by exploiting existing assets and skills.

The plan takes into account developments in Kg oil & gas asset portfolio, such as the development of the petrochemical sector and the separation of Kg oil & gas into a distinct national corporation, as well as the global trend of clean energy transition and carbon control. The Company recognizes the importance of its impact on the economy, ecology, and society, and will continue to incorporate sustainable development principles into key business processes to ensure that economic, environmental, and social priorities, as well as corporate governance objectives, are consistent.The Company’s growth will be ensured over the next ten years by expanding its resource base, boosting the efficiency of present production, developing new processing, introducing modern technologies, and reducing its carbon footprint. Vision: A national vertically integrated oil and gas firm focused on maximizing financial outcomes while adhering to rigorous safety standards and sustainable development concepts. Mission: We develop natural resources in an efficient and sensible manner to secure Kazakhstan’s energy security, progress, and prosperity while keeping future generations in mind. Four strategic goals have been established in accordance with the Kg oil & gas.