Annual report 2022
New
horizons
New horizons
FOR PEOPLE AND ECONOMY
KMG went IPO
on Kazakhstan’s stock exchanges KASE and AIX.
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Alikhan Smailov
Magzum Myrzagaliyev
Prime Minister of Kazakhstan
Orders submitted by Kazakhstan’s citizens were given priority and accepted in full. KMG’s IPO will have a positive effect on both the country’s financial system and citizens. It is another step towards an open and efficient economy for the benefit of our people.
Chairman of KMG’s Management Board
For us, the IPO means both a new phase in the Company’s development and great responsibility. Tens of thousands of Kazakhstanis, national and foreign investors put their trust in us and became part of KMG. We will strive for higher transparency and better standards of corporate governance and do our best to ensure strong performance in the long run to benefit our shareholders.
New horizons
FOR GROWTH
The acquisition of Samruk-Kazyna’s stake in the Kashagan project became a strategic milestone
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This is one of the biggest deals for KMG in recent years. Having increased its interest in the Kashagan project, KMG will improve its consolidated production, EBITDA, net profit and asset portfolio.
New horizons
FOR THE COMPANY
KMG is focused on creating a petrochemical industry in Kazakhstan, which marks a new level in its development.
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Magzum Myrzagaliyev
Chairman of KMG’s Management Board
The project is aimed at diversifying the national economy and shifting the focus of Kazakhstan’s exports away from mineral resources. The gas chemical cluster together with the line of base polymer materials intended for production will help beat the industry dependency on imports, as well as become a real force behind the national petrochemical business development enabling it to move along the value chain towards end-product manufacturing
KMG acquires
49.5 %
of KPI Inc.
Launch of an integrated gas chemical complex of Kazakhstan Petrochemical Industries (KPI)
Output
32 thous. tonnes
of polypropylene
Shipped
>9 thous. tonnes
of polypropylene
SIGNIFICANT RESERVES GROWTH
In 2022, KMG’s proved and probable (2P) reserves substantially increased
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As part of this strategic goal,
KMG plans to grow organically
and inorganically to add new
reserves sufficient both for
conventional operations and
new promising areas of activity.
202120222020635Mln toe645Mln toe707Mln toe+9.8%