KazMunayGas Company Structure: One Company Taking Back Seat to Another
KMG
Petrosun LLP, recently known for its multi-million fines for restricting competition, gives way to another company from the KazMunayGas structures in the fuel market.
As oil industry analyst Oleg Chervinsky noted in Telegram, Petrosun is giving way to KC Energy Group, which is 49% owned by KMG and 51% by CNPC International LLP in Kazakhstan (representative office of the Chinese CNPC). Both organizations from the KMG structures have the same owners and managers.
In February, KC Energy Group began delivering oil to the Shymkent Oil Refinery and received 6.3 thousand tons of gasoline, 4.3 thousand tons of diesel fuel, and 800 tons of jet fuel for sale. Regarding gasoline and diesel fuel supplies, Petrosun's and KC's figures have almost matched.
The October plan for oil supplies to refineries, approved by the Ministry of Energy of Kazakhstan, provides for supplies for processing only by KC Energy, Petrosun LLP is not included in the plan, Oleg Chervinsky points out.
The analyst emphasizes that the companies are also located at the same address. This is, therefore, a rebranding of Petrosun to some extent. Petrosun faced several complaints while under Timur Kulibayev's control. It is now leaving the market.
Petrosun has recently made the news, namely because of the substantial fines that the ARRFR imposed for restricting competition in the fuel market.
Original Author: Nikita Drobny
Latest news
- Kazakhstan Khalkyna Foundation Expands Support for Healthcare, Education and Sports
- Former Massimov Son-in-Law Loses Terminal at Dostyk Station
- Bathing in the Pond and Damaging Trees: Almaty Botanical Garden Tightens Rules After Vandalism
- Kazakhstan Announces Launch of New Political Party Adilet Ahead of Kurultai Elections
- Government Decides Fate of Hundreds of Thousands of Hectares of Former Semipalatinsk Test Site
- Deputies Want Firefighters Given Power to Break Through Barriers and Blocking Cars
- Kazakhstan to Create National Rating Agency
- Less Than 1% of Employees in Kazakhstan Work Remotely
- Air Astana and FlyArystan Fined for Submitting Inaccurate Aviation Fuel Data
- Chinese Tourist Arrivals in Kazakhstan Rose Sharply in 2025, Analysts Say
- New Tax Code Has Not Slowed Business Growth in Kazakhstan, MNE Says
- Kazakhstan Plans Sharp Increase in Minimum Wage
- Tax Authorities to Start Checking Mobile Transfers in Kazakhstan From April 15
- After Outcry Over Altyn-Emel, Stretch of Highway Cleared of Garbage
- Ministry of Finance to Withdraw Idle Funds From Accounts of State Companies
- Illegal Resource Extraction Stopped in Taldykorgan
- Fewer Apartments Are Being Bought in Astana as Market Slump Enters Third Month
- Government Criticizes Idea of Dog Tax in Kazakhstan
- Kazakhstan Records Lowest Neonatal Mortality Rate in Central Asia
- Kazakhstan Imposes Six-Month Ban on Cattle and Small Livinestock Exports
