JSC KazMunaiGas Exploration Production (KMG EP or the Company) is majority owned by JSC NC KazMunaiGas (NC KMG), the national oil and gas company controlled by the State of Kazakhstan.
KMG EP enjoys excellent relations with its parent company, as evidenced by various agreements between the two. These agreements are based on transparent market principles of interaction allowing KMG EP to act in the interests of all of its shareholders.
Agreements with the parent company also ensure that KMG EP has the right of first refusal on the acquisition of existing onshore oil and gas assets, access to new oil and gas acreage and guaranteed access to pipeline infrastructure.
KMG EP is the only company in Kazakhstan that has these advantages.