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{{Short description|State-owned oil and gas company of Kazakhstan}}
{{prose|date=April 2014}}
{{prose|date=April 2014}}
{{Use dmy dates|date=August 2020}}
{{Use dmy dates|date=August 2020}}
{{Infobox company
{{Infobox company
| name = KazMunayGas
| name = KazMunayGas<br>ҚазМұнайГаз
| logo = [[File:KazMunayGas.svg|frameless]]
| logo = [[File:KazMunayGas.svg|frameless]]
| image = [[File:KazMunayGaz in Astana Kazakhstan.jpg|200px]]
| image = [[File:KazMunayGaz in Astana Kazakhstan.jpg|200px]]
| type = State-owned
| type = State-owned
| genre =
| genre =
| foundation = 2002
| foundation = 2002
| founder =
| founder =
| dissolved =
| dissolved =
| location_city = [[Nur-Sultan]]
| location_city = [[Astana]]
| area_served =
| area_served =
| key_people = {{Unbulleted list|[[Alik Aidarbayev]] ([[Chairman]] and [[CEO]])}}
| key_people = {{Unbulleted list|[[Ashat Hasenov]] ([[CEO]]) | [[Chris Walton (businessman)|Chris Walton]] (Chairman of the Board of Directors)}}
| products = oil<br/> natural gas
| products = oil<br/> natural gas
| revenue = US$6.78&nbsp;billion (2005)
| revenue = US$6.78&nbsp;billion (2005)
| operating_income =
| operating_income =
| net_income = US$1.15 billion (2005)
| net_income = US$4.06 billion (2005)
| owner =
| owner =
| num_employees = over 30,000
| num_employees = over 30,000
| parent = [[Samruk-Kazyna]]
| parent = [[Samruk-Kazyna]]
| divisions =
| divisions =
| subsid =
| subsid =
| footnotes =
| footnotes =
| location_country = [[Kazakhstan]]
| location_country = [[Kazakhstan]]
| origins =
| origins =
| slogan =
| slogan =
| homepage = [http://www.kmg.kz www.kmg.kz]
| homepage = [http://www.kmg.kz www.kmg.kz]
}}
}}


'''KazMunayGas (KMG)''' ({{lang-kk|QazMunaıGaz}}) is the state-owned oil and gas company of [[Kazakhstan]].<ref name=FLOAT>[http://www.ft.com/cms/s/7b3dedda-3bb1-11db-96c9-0000779e2340.html Kazakhstan state oil unit float seeks to raise more than £1bn], by Paul J Davies, Financial Times. 4 September 2006</ref> It was founded in 2002 by merging Kazakhoil and Oil and Gas Transportation.<ref name=KMG>[http://www.kmg.kz/main.php?page=inc/posted&mid=4&showm=3&type=menu&lang=eng Company Profile of KazMunayGas], KazMunayGas corporate website</ref>
'''KazMunayGas (KMG)''' ({{langx|kk|QazMūnaiGaz, ҚазМұнайГаз}}) is the state-owned oil and gas company of [[Kazakhstan]].<ref name=FLOAT>[http://www.ft.com/cms/s/7b3dedda-3bb1-11db-96c9-0000779e2340.html Kazakhstan state oil unit float seeks to raise more than £1bn] {{Webarchive|url=https://web.archive.org/web/20070310234911/http://www.ft.com/cms/s/7b3dedda-3bb1-11db-96c9-0000779e2340.html |date=10 March 2007 }}, by Paul J Davies, Financial Times. 4 September 2006</ref> It was founded in 2002 by merging CJSC ''Kazakhoil'' and CJSC ''Oil&Gas Transportation''.<ref name=KMG>[http://www.kmg.kz/main.php?page=inc/posted&mid=4&showm=3&type=menu&lang=eng Company Profile of KazMunayGas], KazMunayGas corporate website</ref>

== History ==
It was formed by the decree of the President of Kazakhstan dated February 20, 2002, through the merger of ''Kazakhoil'' CJSC and ''Oil&Gas Transportation'' CJSC.<ref>{{Cite web|title=Указ Президента Республики Казахстан от 20 февраля 2002 года № 811 «О мерах по дальнейшему обеспечению интересов государства в нефтегазовом секторе экономики страны»|url=https://online.zakon.kz/Document/?doc_id=1029093|access-date=2022-01-12|website=Информационная система ПАРАГРАФ}}</ref> The Kazakhoil company was founded in 1997, and [[Nurlan Balgimbayev]] became its first president. From May 1997 to March 1999, [[Timur Kulibayev]] held the position of Vice President for Economics and Finance at Kazakhoil. In the summer of 2000, Kairat Satybaldy, the nephew of [[Nursultan Nazarbayev]], who in 2002 took the position of Managing Director for Social Affairs, Strategic Planning and Telecommunications at KazMunayGas, became the Vice President of Kazakhoil.

In January 2023, a strategic partnership agreement has been signed between JSC NC KazMunayGas and [[AD Ports Group|Abu Dhabi Ports Company]]. The parties express interest in cooperation in the development of the marine fleet and coastal infrastructure in the [[Caspian Sea|Caspian]] and [[Black Sea]]s.<ref>{{Cite web|url=https://apa.az/en/infrastructure/kazakhstan-and-uae-to-create-joint-maritime-field-393912|title=Kazakhstan and UAE to create joint maritime field|website=apa.az|date=2023-01-17|access-date=}}</ref>


==Subsidiaries==
==Subsidiaries==
Main subsidiaries of KazMunayGas are:
Main subsidiaries of KazMunayGas are:


* [[KazMunaiGas Exploration Production (AO)]] (KMG EP)''' – '''onshore oil and gas exploration and production'''
* [[KazMunaiGas Exploration Production (AO)]] (KMG EP) – onshore oil and gas exploration and production
* [[Tengizchevroil]] (20%) – oil joint venture with [[Chevron Corporation|Chevron]], [[Lukoil]] and [[Exxon-Mobil]]
* [[Tengizchevroil]] (20%) – oil joint venture with [[Chevron Corporation|Chevron]], [[Lukoil]] and [[Exxon-Mobil]]
* [[KazTransOil]] – oil transportation
* [[KazTransOil]] – oil transportation
** Port of Batumi – Georgian logistics company
** [[Port of Batumi]] – Georgian logistics company
* KazTransGas – gas transportation. [[Gazprom]] is its principal customer, accounting for 64% of its consolidated revenue in 2011, down from 75% in 2010.<ref>{{cite news|title=Fitch Rates KazTransGas & Intergas Central Asia at "BB+"|url=http://www.satrapia.com/news/article/fitch-rates-kaztransgas-intergas-central-asia-at-bb/|accessdate=3 September 2012|newspaper=The Gazette of Central Asia|date=3 September 2012|publisher=Satrapia}}</ref>
* [[KazTransGas]] – gas transportation. [[Gazprom]] is its principal customer, accounting for 64% of its consolidated revenue in 2011, down from 75% in 2010.<ref>{{cite news|title=Fitch Rates KazTransGas & Intergas Central Asia at "BB+"|url=http://www.satrapia.com/news/article/fitch-rates-kaztransgas-intergas-central-asia-at-bb/|access-date=3 September 2012|newspaper=The Gazette of Central Asia|date=3 September 2012|publisher=Satrapia}}</ref>
* KazMunayGas Refining and Marketing – oil refining and marketing
* KazMunayGas Refining and Marketing – oil refining and marketing
** [[Rompetrol]] (75%) – A Romanian oil company<ref name=upstream1>
** [[Rompetrol]] (75%) – A Romanian oil company<ref name=upstream1>
Line 47: Line 53:
| publisher = NHST Media Group
| publisher = NHST Media Group
| date = 2007-11-19
| date = 2007-11-19
| accessdate = 2008-03-15}}
| access-date = 2008-03-15}}
</ref>
</ref>
** Atyrau Refinery<ref name="kazworld">[http://kazworld.info/?p=58130 Company Overview of Atyrau Refinery LLP]</ref> – oil refining
** Atyrau Refinery<ref name="kazworld">[http://kazworld.info/?p=58130 Company Overview of Atyrau Refinery LLP]</ref> – oil refining
Line 55: Line 61:
* Eurasia-Air Helicopter Company – helicopter services
* Eurasia-Air Helicopter Company – helicopter services
* [[KazMunaiGas Services Compass]] – Catering and Support Services
* [[KazMunaiGas Services Compass]] – Catering and Support Services
[[KazMunaiGas Exploration Production (AO)]] has its equity listed in form of common shares and [[Global Depositary Receipt|global depositary receipt]]s on the Kazakhstan Stock Exchange and the [[London Stock Exchange]], respectively.<ref name=oilvoice>{{cite news | url = http://www.oilvoice.com/n/JSC_KazMunaiGas_Begins_Trading_on_the_Kazakhstan_Stock_Exchange/74a40ad0.aspx | title = JSC KazMunaiGas Begins Trading on the Kazakhstan Stock Exchange | publisher = Oil Voice |date = 2006-10-05 | accessdate = 2008-03-15}}</ref>
[[KazMunaiGas Exploration Production (AO)]] has its equity listed in form of common shares and [[Global Depositary Receipt|global depositary receipt]]s on the Kazakhstan Stock Exchange and the [[London Stock Exchange]], respectively.<ref name=oilvoice>{{cite news | url = http://www.oilvoice.com/n/JSC_KazMunaiGas_Begins_Trading_on_the_Kazakhstan_Stock_Exchange/74a40ad0.aspx | title = JSC KazMunaiGas Begins Trading on the Kazakhstan Stock Exchange | publisher = Oil Voice | date = 2006-10-05 | access-date = 2008-03-15 | archive-date = 3 March 2016 | archive-url = https://web.archive.org/web/20160303191906/http://www.oilvoice.com/n/JSC_KazMunaiGas_Begins_Trading_on_the_Kazakhstan_Stock_Exchange/74a40ad0.aspx | url-status = dead }}</ref>


The company has stakes in LLP Kazgermunai JV, JSC Karazhanbasmunai and PetroKazakhstan Inc. Its two noted producing fields are Uzenmunaigas and Embamunaigas.<ref>[http://www.kmg.kz/en/press/company_news/press_release/5283?phrase_id=80482 "JSC KazMunaiGas Exploration Production 2010 Financial results"], company press release, 03.03.2011. Retrieved 2011-09-01.</ref>
The company has stakes in LLP Kazgermunai JV, JSC Karazhanbasmunai and PetroKazakhstan Inc. Its two noted producing fields are Uzenmunaigas and Embamunaigas.<ref>[http://www.kmg.kz/en/press/company_news/press_release/5283?phrase_id=80482 "JSC KazMunaiGas Exploration Production 2010 Financial results"] {{Webarchive|url=https://web.archive.org/web/20200618022650/http://www.kmg.kz/en/press/company_news/press_release/5283?phrase_id=80482 |date=18 June 2020 }}, company press release, 03.03.2011. Retrieved 2011-09-01.</ref>


==Oil refineries==
==Oil refineries==
Line 64: Line 70:
* [[Atyrau Refinery]]:,<ref name="kazworld"/> {{convert|104400|oilbbl/d|m3/d|abbr=on}}
* [[Atyrau Refinery]]:,<ref name="kazworld"/> {{convert|104400|oilbbl/d|m3/d|abbr=on}}


KazMunayGas has a US$1.7 billion plan for the modernization of the Atyrau refinery.<ref name="kazworld"/> In August 2012, it obtained a US$297.5 million loan from the Japan Bank for International Cooperation and the Bank of Tokyo Mitsubishi a deep oil refining complex at the Atyrau Oil Refinery. This loan followed a contract awarded to [[Marubeni]] to reinforce the production of oil products to suit European environmental standards.<ref>{{cite news|title=Japanese Banks Provide $297.5 million Loan to Atyrau Oil Refinery|url=http://www.satrapia.com/news/article/japanese-banks-provide-2975-million-loan-to-atyrau-oil-refinery/|accessdate=15 August 2012|newspaper=The Gazette of Central Asia|date=15 August 2012|publisher=Satrapia}}</ref>
KazMunayGas has a US$1.7 billion plan for the modernization of the Atyrau refinery.<ref name="kazworld"/> In August 2012, it obtained a US$297.5 million loan from the Japan Bank for International Cooperation and the Bank of Tokyo Mitsubishi a deep oil refining complex at the Atyrau Oil Refinery. This loan followed a contract awarded to [[Marubeni]] to reinforce the production of oil products to suit European environmental standards.<ref>{{cite news|title=Japanese Banks Provide $297.5 million Loan to Atyrau Oil Refinery|url=http://www.satrapia.com/news/article/japanese-banks-provide-2975-million-loan-to-atyrau-oil-refinery/|access-date=15 August 2012|newspaper=The Gazette of Central Asia|date=15 August 2012|publisher=Satrapia}}</ref>


== Shareholders and Management ==
== Shareholders and Management ==
90% of the shares of the company are managed by the [[Samruk-Kazyna|National Welfare Fund "Samruk-Kazyna"]]. 10% of KMG shares belong to the National Bank of the Republic of Kazakhstan.<ref>{{Cite news|url=https://tengrinews.kz/money/10-protsentov-aktsiy-kazmunaygaza-prodanyi-na-KASE-278890/|title=Tengrinews.kz}}</ref>
90% of the shares of the company are managed by the [[Samruk-Kazyna|National Welfare Fund "Samruk-Kazyna"]]. 10% of KMG shares belong to the National Bank of the Republic of Kazakhstan.<ref>{{Cite news|url=https://tengrinews.kz/money/10-protsentov-aktsiy-kazmunaygaza-prodanyi-na-KASE-278890/|title=Tengrinews.kz}}</ref>


Chairman of the Board of Directors - Frank Kuijlaars, Independent Director, Chairman of the Board - Sauat Mynbayev Muhametbaevich.<ref>{{Cite web|url=http://kmg.kz/en/about/directors/|title=KazMunayGas official website}}</ref>
Chairman of the Board of Directors – Chris Walton, Independent Director. CEO and Chairman of the Management Board is [[Ashat Hasenov]].<ref>{{Cite web|url= https://kaztag.kz/ru/news/magzuma-mirzagalieva-smenili-na-postu-glavy-pravleniya-kazmunaygaza |title= Магзума Мирзагалиева сменили на посту главы правления «КазМунайГаза» |language= ru |work= kaztag.kz |date= 15 May 2024 |access-date= 15 May 2024}}</ref>


==2011 strikes==
==2011 strikes==
Line 76: Line 82:
In May 2011 KazMunayGas was hit by a strike of workers demanding higher wages and better conditions.<ref>[https://www.bloomberg.com/news/2011-05-26/kazmunaigas-says-workers-strikes-have-little-impact-on-output.html KazMunaiGas Says Workers’ Strikes Have Little Impact on Output], Bloomberg, 26 May 2011</ref>
In May 2011 KazMunayGas was hit by a strike of workers demanding higher wages and better conditions.<ref>[https://www.bloomberg.com/news/2011-05-26/kazmunaigas-says-workers-strikes-have-little-impact-on-output.html KazMunaiGas Says Workers’ Strikes Have Little Impact on Output], Bloomberg, 26 May 2011</ref>


In August, 2011, the company was four months into a wildcat strike at Uzenmunaigas.<ref name=MW01/> On 2 August, Zhaksylyk Turbaev, a trade union member working for an oilfield service company in [[Zhanaozen]], was killed.<ref name=SRI01/> On 24 August 2011, the 18-year-old daughter of an elected member of the strike committee was found dead and apparently murdered, according to the striker. Zhansaule Karabalayeva was found in the countryside near the oilfield in Western Kazakhstan with multiple injuries, according to her father, Kurdaibergen Karabalayev, in a telephone interview on 27 August. [[Bulat Abilov]], an opposition politician, said "I don't think this is unconnected to the strike." "The local chief of police, quoted in a local paper, said the killing was not related to the strike. The company spokesman declined comment," according to one report.
In August 2011, the company was four months into a wildcat strike at Uzenmunaigas.<ref name=MW01/> On 2 August, Zhaksylyk Turbaev, a trade union member working for an oilfield service company in [[Zhanaozen]], was killed.<ref name=SRI01/> On 24 August 2011, the 18-year-old daughter of an elected member of the strike committee was found dead and apparently murdered, according to the striker. Zhansaule Karabalayeva was found in the countryside near the oilfield in Western Kazakhstan with multiple injuries, according to her father, Kurdaibergen Karabalayev, in a telephone interview on 27 August. [[Bulat Abilov]], an opposition politician, said "I don't think this is unconnected to the strike." "The local chief of police, quoted in a local paper, said the killing was not related to the strike. The company spokesman declined comment," according to one report.


On 31 August, Interior Ministry spokesman Nurdilda Oraz said in the Kazakh capital, [[Nur-Sultan]], that the police "did not associate" the "common crime" of Karabalayeva's murder with her father's activities. In the same report, the KMG EP press office said the father was not the trade union chairman and had never been a strike activist but worked as an engine driver for the company until 27 July this year.<ref>[http://www.interfax.kz/?lang=eng&int_id=expert_opinions&news_id=509 "Girl's murder in Zhanaozen not connected to her father's activities - Police"], Interfax-Kazakhstan, 31 August 2011. Retrieved 2011-09-20.</ref>
On 31 August, Interior Ministry spokesman Nurdilda Oraz said in the Kazakh capital, [[Nur-Sultan]], that the police "did not associate" the "common crime" of Karabalayeva's murder with her father's activities. In the same report, the KMG EP press office said the father was not the trade union chairman and had never been a strike activist but worked as an engine driver for the company until 27 July this year.<ref>[http://www.interfax.kz/?lang=eng&int_id=expert_opinions&news_id=509 "Girl's murder in Zhanaozen not connected to her father's activities - Police"], Interfax-Kazakhstan, 31 August 2011. Retrieved 2011-09-20.</ref>
Line 92: Line 98:
The unrest has persisted, with violence erupting on independence day, 16 December 2011, killing 16 and leaving about 100 injured as police opened fire on the demonstrations.<ref name="bloomberg.com">[https://www.bloomberg.com/news/2012-01-09/kazmunaigas-ep-oil-output-drops-as-labor-strikes-curb-operations.html KazMunaiGas EP Oil Output Drops as Labor Strikes Curb Operations], Bloomberg, 9 January 2012</ref> Army units and [[armoured personnel carriers]] were sent in by the Interior Ministry to quell the ensuing protests, which saw government and Uzenmunaigaz buildings set alight by demonstrators.<ref>[https://www.nytimes.com/2011/12/17/world/asia/deaths-in-rare-violence-in-kazakhstan.html?_r=2&ref=world "At least 10 die as police clash with strikers in Kazakhstan"], New York Times, 16 December 2011. Retrieved 2011-12-17.</ref>
The unrest has persisted, with violence erupting on independence day, 16 December 2011, killing 16 and leaving about 100 injured as police opened fire on the demonstrations.<ref name="bloomberg.com">[https://www.bloomberg.com/news/2012-01-09/kazmunaigas-ep-oil-output-drops-as-labor-strikes-curb-operations.html KazMunaiGas EP Oil Output Drops as Labor Strikes Curb Operations], Bloomberg, 9 January 2012</ref> Army units and [[armoured personnel carriers]] were sent in by the Interior Ministry to quell the ensuing protests, which saw government and Uzenmunaigaz buildings set alight by demonstrators.<ref>[https://www.nytimes.com/2011/12/17/world/asia/deaths-in-rare-violence-in-kazakhstan.html?_r=2&ref=world "At least 10 die as police clash with strikers in Kazakhstan"], New York Times, 16 December 2011. Retrieved 2011-12-17.</ref>


The labor conflict resulted in the resignation of KazMunaiGas EP Chief Executive Officer Askar Balzhanov on 22 Dec.. President Nursultan Nazarbayev also replaced the head of parent company KazMunaiGaz National Co., Bolat Akchulakov, and fired his own son-in-law Timur Kulibayev, who headed the country's [[sovereign wealth fund]].<ref name="bloomberg.com"/>
The labor conflict resulted in the resignation of KazMunaiGas EP Chief Executive Officer Askar Balzhanov on 22 Dec. President Nursultan Nazarbayev also replaced the head of parent company KazMunaiGaz National Co., Bolat Akchulakov, and fired his own son-in-law Timur Kulibayev, who headed the country's [[sovereign wealth fund]].<ref name="bloomberg.com"/>


==See also==
==See also==
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[[Category:National oil and gas companies]]
[[Category:National oil and gas companies]]
[[Category:Government-owned companies of Kazakhstan]]
[[Category:Government-owned companies of Kazakhstan]]
[[Category:Companies based in Nur-Sultan]]
[[Category:Companies based in Astana]]
[[Category:Energy companies established in 2002]]
[[Category:Energy companies established in 2002]]
[[Category:Non-renewable resource companies established in 2002]]
[[Category:Non-renewable resource companies established in 2002]]
[[Category:2002 establishments in Kazakhstan]]
[[Category:2002 establishments in Kazakhstan]]
[[Category:Kazakhstani brands]]
[[Category:Kazakh brands]]

Latest revision as of 19:13, 7 November 2024

KazMunayGas
ҚазМұнайГаз
Company typeState-owned
Founded2002
Headquarters
Astana
,
Kazakhstan
Key people
Productsoil
natural gas
RevenueUS$6.78 billion (2005)
US$4.06 billion (2005)
Number of employees
over 30,000
ParentSamruk-Kazyna
Websitewww.kmg.kz

KazMunayGas (KMG) (Kazakh: QazMūnaiGaz, ҚазМұнайГаз) is the state-owned oil and gas company of Kazakhstan.[1] It was founded in 2002 by merging CJSC Kazakhoil and CJSC Oil&Gas Transportation.[2]

History

[edit]

It was formed by the decree of the President of Kazakhstan dated February 20, 2002, through the merger of Kazakhoil CJSC and Oil&Gas Transportation CJSC.[3] The Kazakhoil company was founded in 1997, and Nurlan Balgimbayev became its first president. From May 1997 to March 1999, Timur Kulibayev held the position of Vice President for Economics and Finance at Kazakhoil. In the summer of 2000, Kairat Satybaldy, the nephew of Nursultan Nazarbayev, who in 2002 took the position of Managing Director for Social Affairs, Strategic Planning and Telecommunications at KazMunayGas, became the Vice President of Kazakhoil.

In January 2023, a strategic partnership agreement has been signed between JSC NC KazMunayGas and Abu Dhabi Ports Company. The parties express interest in cooperation in the development of the marine fleet and coastal infrastructure in the Caspian and Black Seas.[4]

Subsidiaries

[edit]

Main subsidiaries of KazMunayGas are:

KazMunaiGas Exploration Production (AO) has its equity listed in form of common shares and global depositary receipts on the Kazakhstan Stock Exchange and the London Stock Exchange, respectively.[8]

The company has stakes in LLP Kazgermunai JV, JSC Karazhanbasmunai and PetroKazakhstan Inc. Its two noted producing fields are Uzenmunaigas and Embamunaigas.[9]

Oil refineries

[edit]

KazMunayGas operates 2 oil refineries in Kazakhstan:

KazMunayGas has a US$1.7 billion plan for the modernization of the Atyrau refinery.[7] In August 2012, it obtained a US$297.5 million loan from the Japan Bank for International Cooperation and the Bank of Tokyo Mitsubishi a deep oil refining complex at the Atyrau Oil Refinery. This loan followed a contract awarded to Marubeni to reinforce the production of oil products to suit European environmental standards.[10]

Shareholders and Management

[edit]

90% of the shares of the company are managed by the National Welfare Fund "Samruk-Kazyna". 10% of KMG shares belong to the National Bank of the Republic of Kazakhstan.[11]

Chairman of the Board of Directors – Chris Walton, Independent Director. CEO and Chairman of the Management Board is Ashat Hasenov.[12]

2011 strikes

[edit]
Main article: 2011 Kazakhstan clashes

In May 2011 KazMunayGas was hit by a strike of workers demanding higher wages and better conditions.[13]

In August 2011, the company was four months into a wildcat strike at Uzenmunaigas.[14] On 2 August, Zhaksylyk Turbaev, a trade union member working for an oilfield service company in Zhanaozen, was killed.[15] On 24 August 2011, the 18-year-old daughter of an elected member of the strike committee was found dead and apparently murdered, according to the striker. Zhansaule Karabalayeva was found in the countryside near the oilfield in Western Kazakhstan with multiple injuries, according to her father, Kurdaibergen Karabalayev, in a telephone interview on 27 August. Bulat Abilov, an opposition politician, said "I don't think this is unconnected to the strike." "The local chief of police, quoted in a local paper, said the killing was not related to the strike. The company spokesman declined comment," according to one report.

On 31 August, Interior Ministry spokesman Nurdilda Oraz said in the Kazakh capital, Nur-Sultan, that the police "did not associate" the "common crime" of Karabalayeva's murder with her father's activities. In the same report, the KMG EP press office said the father was not the trade union chairman and had never been a strike activist but worked as an engine driver for the company until 27 July this year.[16]

Also in August, a labor lawyer, Natalya Sokolova, was sentenced to six years in jail for 'organizing illegal gatherings' at the smaller Karazhanbas field, which was also on strike.[17]

Earlier, in July, the singer Sting had cancelled a concert after he was briefed on the strike by Amnesty International.[18]

These labour strikes were causing a 6% output drop in KazMunayGas production, according to a company spokesman.[14]

On 26 August, KMG EP fired around 900 striking workers and replaced them with new recruits from the area. The company said that production at Uzen had stabilized. Karazhanbasmunai, a joint venture between KMG EP and China's Citic, also fired around 500 workers.[15]

Until mid-September 2011, daily protests by angry protestors, many of whom used to work at Uzen, continued in Zhanaozen's main square "in a rare display of popular dissent".[15]

The unrest has persisted, with violence erupting on independence day, 16 December 2011, killing 16 and leaving about 100 injured as police opened fire on the demonstrations.[19] Army units and armoured personnel carriers were sent in by the Interior Ministry to quell the ensuing protests, which saw government and Uzenmunaigaz buildings set alight by demonstrators.[20]

The labor conflict resulted in the resignation of KazMunaiGas EP Chief Executive Officer Askar Balzhanov on 22 Dec. President Nursultan Nazarbayev also replaced the head of parent company KazMunaiGaz National Co., Bolat Akchulakov, and fired his own son-in-law Timur Kulibayev, who headed the country's sovereign wealth fund.[19]

See also

[edit]

References

[edit]
  1. ^ Kazakhstan state oil unit float seeks to raise more than £1bn Archived 10 March 2007 at the Wayback Machine, by Paul J Davies, Financial Times. 4 September 2006
  2. ^ Company Profile of KazMunayGas, KazMunayGas corporate website
  3. ^ "Указ Президента Республики Казахстан от 20 февраля 2002 года № 811 «О мерах по дальнейшему обеспечению интересов государства в нефтегазовом секторе экономики страны»". Информационная система ПАРАГРАФ. Retrieved 12 January 2022.
  4. ^ "Kazakhstan and UAE to create joint maritime field". apa.az. 17 January 2023.
  5. ^ "Fitch Rates KazTransGas & Intergas Central Asia at "BB+"". The Gazette of Central Asia. Satrapia. 3 September 2012. Retrieved 3 September 2012.
  6. ^ "KazMunaiGaz gets nod for Rompetrol buy". Upstream Online. NHST Media Group. 19 November 2007. Retrieved 15 March 2008.
  7. ^ a b c Company Overview of Atyrau Refinery LLP
  8. ^ "JSC KazMunaiGas Begins Trading on the Kazakhstan Stock Exchange". Oil Voice. 5 October 2006. Archived from the original on 3 March 2016. Retrieved 15 March 2008.
  9. ^ "JSC KazMunaiGas Exploration Production 2010 Financial results" Archived 18 June 2020 at the Wayback Machine, company press release, 03.03.2011. Retrieved 2011-09-01.
  10. ^ "Japanese Banks Provide $297.5 million Loan to Atyrau Oil Refinery". The Gazette of Central Asia. Satrapia. 15 August 2012. Retrieved 15 August 2012.
  11. ^ "Tengrinews.kz".
  12. ^ "Магзума Мирзагалиева сменили на посту главы правления «КазМунайГаза»". kaztag.kz (in Russian). 15 May 2024. Retrieved 15 May 2024.
  13. ^ KazMunaiGas Says Workers’ Strikes Have Little Impact on Output, Bloomberg, 26 May 2011
  14. ^ a b Pala, Christopher, "Daughter of Kazakh strike leader found dead", MarketWatch, 27 August 2011 11:34 am EDT. Retrieved 2011-09-01.
  15. ^ a b c Nuttall, Clare, "Kazakhstan simmers as striking oil workers sacked" Archived 21 September 2011 at the Wayback Machine, business new europe via silkroadintelligencer.com, 14 September 2011. Retrieved 2011-09-20.
  16. ^ "Girl's murder in Zhanaozen not connected to her father's activities - Police", Interfax-Kazakhstan, 31 August 2011. Retrieved 2011-09-20.
  17. ^ Kazakhstan: Labor Dispute Dragging Energy Production Down, Eurasianet.org, 23 October 2011
  18. ^ Kazakhstan: Labor Dispute Dragging Energy Production Down, BBC News, 4 July 2011
  19. ^ a b KazMunaiGas EP Oil Output Drops as Labor Strikes Curb Operations, Bloomberg, 9 January 2012
  20. ^ "At least 10 die as police clash with strikers in Kazakhstan", New York Times, 16 December 2011. Retrieved 2011-12-17.
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