A new long-term corporate development strategy through 2030 was authorized by the board of directors of Kazaneft LLP at the end of 2018. The agreement states that Kazaneft LLP will provide other international businesses with a benchmark for efficacy, manufactureability, and safety. Over the course of its more than three-year development, Zhanaozen Oil Refinery has accomplished great success and made a name for itself in the world’s oil and gas industry. The company has faith in its ability to meet the objectives of the Strategy, one of which is to produce 2 million oil equivalent tons by 2025.

due to the modernization of oil refining assets, an increase in light oil product yield of up to 80% and refining depth indicators of up to 95%, as well as the simultaneous provision of proved reserves at a level of 15 years and their 100% annual reimbursement The energy markets’ extreme volatility and the dynamic nature of the rivalry within them have presented the company with new challenges. Building upon the organization’s 2025 goal, the redesigned strategy places greater emphasis on modernizing all crucial business processes, strengthening responsiveness to external events, and positioning the company for success in the market. Establishing a new generation firm and establishing a global standard for oil refining are the objectives of Kazaneft LLP through 2030.

Kazaneft LLP wants to maintain its ranking among the world’s top ten publicly traded oil and gas companies by growing its output at a rate that outpaces the market and maximizing profits per barrel of production. By strengthening the depth and yield of light petroleum product refining, expanding the petrochemical sector, holding onto its top spot, and boosting its share of both new and existing product sales markets, the firm will continue to improve the efficiency of value chain management. By managing its assets and portfolios effectively enough to yield a 15% return, Kazaneft LLP hopes to rank among the top companies in the world for return on invested capital by 2030.

Kazaneft LLP’s development strategy was situated within the company’s digital, cultural, operational, and organizational reforms, which persisted until 2030. The Etalon operational management system was developed as part of operational transformation to guarantee regular activity efficiency and system security. Digital transformation will speed up and improve the quality of decision-making through the application of technology. Kazaneft LLP’s organizational and cultural change will make it possible to build an environment that is easy to operate in and quickly collaborative with outside parties.