PetroKazakhstan
PetroKazakhstan is a CNPC- and KazMunayGas-owned integrated oil and gas group operating 10 upstream fields in the South Turgai basin and the 6 million tonne-per-year Shymkent Refinery, supplying roughly 30% of Kazakhstan's petroleum products domestically and exporting crude via the Kazakhstan-China Pipeline.
- Company typePrivate
- Founded1991
- HeadquartersCalgary, Canada
- Headcount5,001–10,000
- GTM typeB2B
- OfferingServices
What PetroKazakhstan does
PetroKazakhstan is a vertically integrated oil and gas group whose ultimate shareholders are China National Petroleum Corporation (CNPC) and National Company KazMunayGas JSC. The group is held through Calgary-registered PetroKazakhstan Inc. and operates two principal business units: PetroKazakhstan Kumkol Resources JSC (PKKR), the upstream unit developing 10 oil fields in the South Turgai basin of Kazakhstan (Kumkol, Aryskum, Kyzylkiya, Maibulak, Karabulak and adjacent fields), and PetroKazakhstan Oil Products LLP (PKOP), which operates the Shymkent Refinery. The 6 million tonne-per-year Shymkent Refinery, modernized at a cost of $1.8 billion and completed in 2018, supplies approximately 30% of Kazakhstan's petroleum products and produces K-4 and K-5 ecological class gasoline (AI-92, AI-95), diesel, jet fuel (TS-1, RT), LPG, fuel oil, and technical sulphur.
The Marketing and Transportation business unit links upstream and downstream operations, distributing crude through the KazTransOil and Kazakhstan-China Pipeline systems and finished products through a fleet of 2,240 owned and leased railway tank cars plus motor transport. PetroKazakhstan also holds 50% interests in two joint ventures with KazMunayGas and KVK-Petroleum — JV Kazgermunai LLP and Turgai Petroleum JSC — covering the Akshabulak, Nuraly, Aksai, and Kumkol North fields. Associated gas utilization facilities at Kumkol, Aryskum, Kyzylkiya, and Maibulak (over $143 million invested) handle gas reinjection and processing.
The revenue model combines one-time licensing of upstream reserves with transaction-based fees on refining (KZT 35,336 per tonne at Shymkent) and product sales. Approximately 70% of petroleum products are sold into the domestic Kazakh market (filling station networks, airports, factories, transport operators, and farms), with crude exported via the Kazakhstan-China Pipeline and refined products reaching Eastern and Western Europe and Central Asia. The customer base is B2B-enterprise across energy, aviation, manufacturing, transportation, and agriculture, with no single end-customer concentration disclosed. PetroKazakhstan maintains ISO 9001, ISO 14001, ISO 45001, and ISO 50001 certifications across its operating units and an integrated QHSE management system, supplemented by a Calgary head office, Almaty and Astana shared-services branches, Kyzylorda upstream offices, and the Shymkent production complex.
PetroKazakhstan firmographics
Firmographics- Name
- PetroKazakhstan
- Legal name
- PetroKazakhstan Inc.
- Website
- https://petrokazakhstan.kz
- Company type
- Private
- Founded year
- 1991
- Operating status
- Operating
- Headcount range
- 5,001–10,000 employees
- Short description
- PetroKazakhstan is a CNPC- and KazMunayGas-owned integrated oil and gas group operating 10 upstream fields in the South Turgai basin and the 6 million tonne-per-year Shymkent Refinery, supplying roughly 30% of Kazakhstan's petroleum products domestically and exporting crude via the Kazakhstan-China Pipeline.
- Ownership category
- akta.pro rank
PetroKazakhstan industry classification
Industry- Product category
- Integrated Oil and Gas Operations
- NAICS
- Petroleum Refineries (324110), Crude Petroleum Extraction (21112)
- SIC
- Petroleum Refining (2911), Crude Petroleum & Natural Gas (1311)
- akta.pro primary industry
- NGL & Light Ends Feedstocks (Ethane, Propane, Butane, Natural Gasoline) (EUALAHAA)
- akta.pro secondary industries
- Sulfur & Acid Gas Feedstocks (Sulfur, Sulfuric Acid, Mercaptans) (EUALAHAH), Steam Cracking & Feedstock Flexibility Services (Cracker optimization, feed switching, co-product recovery) (EUALAHAJ)
Keywords
Where PetroKazakhstan is headquartered
LocationHeadquarters
- HQ city
- Calgary
- HQ country
- Canada
- HQ region
- North America
Offices5 records
Markets served
PetroKazakhstan business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Operations, Infrastructure, Personnel, Supply Chain, Technology or R&D, Marketing or Sales
Revenue model
- Oil and Gas Production: Exploration, development, and production of crude oil and gas from multiple fields in the South Turgai basin including Kumkol, South Kumkol, East Kumkol, North Nuraly, Aryskum, Kyzylkiya, Maibulak, South-West Karabulak, and Karabulak fields.
- Oil Refining Services: Processing of crude oil at Shymkent Refinery. Refining fee is KZT 35,336 per tonne excluding VAT. The refinery processes crude provided by tollers and produces various petroleum products.
- Crude Oil Marketing and Sales: Sale of Kumkol crude oil internationally (via Kazakhstan-China pipeline) and domestically. Crude oil marketing through crude purchase and sales for export, import, and domestic market.
- Petroleum Products Sales: Sale of refined products including gasoline (AI-92, AI-95), diesel fuel, jet fuel, fuel oil, liquefied petroleum gas, and technical sulfur. Sold both domestically and for export.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Transaction based/ take rate | Pay-as-you-go | Oil Refining Services |
Go-to-market motion2 records
Distribution channels5 records
Marketing channels5 records
PetroKazakhstan product offering
Product offeringCore offering
PetroKazakhstan is a vertically integrated oil and gas group that explores, develops, and produces crude oil and natural gas from ten fields in Kazakhstan's South Turgai basin, refines crude into gasoline, diesel, jet fuel, LPG, fuel oil, and technical sulphur at the Shymkent Refinery (6 million tonnes/year capacity), and markets and transports these petroleum products to enterprise customers in Kazakhstan and to export markets via the Kazakhstan-China Pipeline, the KazTransOil system, and a fleet of 2,240 railway tank cars.
Product overview
PetroKazakhstan is an integrated oil and gas company with operations spanning the full value chain from exploration and production to refining and marketing. The company operates through two main business units: PetroKazakhstan Kumkol Resources JSC (PKKR) for upstream oil production in the South Turgai basin, and PetroKazakhstan Oil Products LLP (PKOP) for downstream oil refining at the Shymkent Refinery. The Marketing and Transportation business unit connects these operations, handling crude oil and product sales via major pipeline systems. The company also holds 50% stakes in joint ventures JV Kazgermunai LLP and Turgai Petroleum JSC. The Shymkent Refinery produces a range of petroleum products including gasoline (AI-92, AI-95), diesel fuel, jet fuel, liquefied petroleum gas, fuel oil, and technical sulphur, meeting K-4 and K-5 environmental standards.
Differentiator
Problem solved
Functional benefit
Products and services
- Crude oil production and exploration in the South Turgai basin (PKKR) Upstream exploration, development and production of crude oil and gas at ten fields in the South Turgai basin under PetroKazakhstan Kumkol Resources JSC (PKKR); sold by Marketing and Transportation for domestic refining and export.
- Oil refining at the Shymkent Refinery (PKOP) Refining of crude oil into motor gasoline (AI-92-K4/K5, AI-95-K4/K5), diesel fuel (DT-L-K4/K5, DT-Z-K4/K5, DT-E-K4/K5), jet fuel (TC-1, RT), LPG, fuel oil, and technical sulphur at the Shymkent Refinery; provides approximately 30% of all Kazakhstan petroleum products; offers third-party tolling services at KZT 35,336 per tonne.
- Marketing and Transportation of crude oil and refined products (M&T) Crude oil and refined petroleum product marketing and transportation through KazTransOil, the Kazakhstan-China Pipeline, and the company's fleet of 2,240 railway tank cars; sells crude and refined products to enterprise customers domestically and to export markets.
- Joint venture oil production at JV Kazgermunai and Turgai Petroleum 50% ownership in two joint ventures developing oil fields in the South-Turgai basin: JV Kazgermunai LLP (Akshabulak, Nuraly, Aksai) with NC KazMunayGas and Turgai Petroleum JSC (Kumkol North) with KVK-Petroleum LLP; partner in Kyzylorda gasification, KAM pipeline construction, and gas utilization plant projects.
- AI-92-K4/K5 motor gasoline Motor gasoline produced at the Shymkent Refinery compliant with Technical Regulation of Customs Union 013/2011, GOST 32513-2013, and Technical Specification 38.001165-2014; sold in domestic Kazakhstan and for export.
- AI-95-K4/K5 motor gasoline Higher octane motor gasoline produced at the Shymkent Refinery compliant with Technical Regulation of Customs Union 013/2011, GOST 32513-2013, and Technical Specification 38.001165-2014.
- Diesel fuel (DT-L-K4/K5, DT-Z-K4/K5, DT-E-K4/K5) Diesel fuel grades produced at the Shymkent Refinery compliant with Technical Regulation of Customs Union 013/2011, GOST 32511-2013, and GOST 305-82; supplied to transport organizations, agricultural operations, and fuel/energy companies across Kazakhstan.
- Jet fuel (TC-1, RT) Aviation jet fuel grades (TC-1 and RT) produced at the Shymkent Refinery compliant with Technical Regulation of Customs Union 013/2011 and GOST 10227-86; sold to airports in Kazakhstan.
- Liquefied Petroleum Gas (LPG) - Butan Technical (BT) and Propane & Butane Technical Mixture (SPBT) Hydrocarbon liquefied fuel gas (BT and SPBT grades) produced at the Shymkent Refinery, compliant with Technical Regulation of EAEU 036/2016 and GOST 20448-90; sold for domestic fuel use and for export to petrochemicals.
- Fuel oil (Mazut) 100 and 40 Fuel oil (Mazut) grades 100 and 40 produced at the Shymkent Refinery compliant with Technical Regulation of Customs Union 013/2011 and GOST 10585-2013; supplied to fuel and energy companies and factories.
- Technical gas flaked sulphur Technical gas flaked sulphur produced at the Shymkent Refinery as a co-product; compliant with ST RK 2442-2014.
- Third-party crude oil refining (tolling) services Crude oil processing services (tolling) at the Shymkent Refinery for third-party oil producers (tollers) at KZT 35,336 per tonne excluding VAT, billed on a transactional pay-as-you-go basis; the refiner does not bear feedstock expenses.
Companies that use PetroKazakhstan
Customer profileNamed customers6 records
Segments3 records
Ideal customer profiles3 records
PetroKazakhstan technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature3 records
PetroKazakhstan partnerships and signals
Strategic signalPartnerships
Six partnerships are on record, tiered core and major.
- JV Kazgermunai LLPcore50-50 joint venture with JSC NC KazMunayGas developing Akshabulak, Nuraly, and Aksai oil fields in South Turgai basin. Partner in Kyzylorda gasification project including construction of gas treatment plant and main gas pipeline.
- JSC Turgai-Petroleumcore50-50 joint venture with KVK-Petroleum LLP developing Kumkol North field and part of East Kumkol oilfield. Partner in KAM pipeline construction and Gas Utilization Plant projects.
- KazMunayGas RM JSCmajorCo-financier of Shymkent Refinery Modernization and Revamping Project along with CNPC E&D.
- JSC KazTransOilcorePipeline operator providing access to pipeline system for crude oil transportation to PKOP refinery.
- Kazakhstan-China PipelinecorePipeline providing most cost-effective transportation route for crude oil exports to China since July 2006.
- KMG EngineeringmajorCooperative participant in discussions on additional exploration and optimization of field development in South Turgai sedimentary basin.
Scale indicators8 records
Recent moves7 records
Expansion highlights5 records
PetroKazakhstan competitors and assessment
Company assessmentBroad incumbents
- OMV: Austrian integrated oil and gas major with upstream assets in Central and Eastern Europe and refining capacity in Schwechat and Burghausen. Comparable as a vertically integrated European player with similar mid-sized refining throughput and Central Asian exploration exposure.
- MOL Group: Hungarian-headquartered integrated oil and gas group with upstream production, refining (Duna and Bratislava refineries), and a wide retail network in Central and Eastern Europe. Comparable as a mid-sized integrated operator running its own fields, refineries, and marketing.
- PAO Tatneft: Russian integrated oil company combining upstream production with the TANECO refining complex. Comparable to PetroKazakhstan as a mid-sized integrated player with modern refining capacity built via large capex programs, supplying both domestic and export markets.
- PAO Lukoil: Vertically integrated Russian oil and gas major with E&P, refining, and marketing across Caspian and Central Asian geographies. Comparable as a regional integrated peer with similar value chain scope and exposure to Eurasian crude oil trade flows.
- Indian Oil Corporation: India's largest integrated oil company operating multiple refineries and a nationwide domestic fuel marketing network. Comparable as a large integrated downstream-heavy operator with strategic government shareholding and growing exposure to Eurasian crude sourcing.
- China National Petroleum Corporation (CNPC): PetroKazakhstan's ultimate majority shareholder and one of the world's largest integrated oil and gas groups. Comparable as an integrated upstream-to-refining operator with similar technology stack, refining capabilities, and a heavy Central Asian and Chinese downstream footprint.
- PJSC Rosneft Oil Company: Russia's largest integrated oil company with extensive upstream production and refining. Comparable to PetroKazakhstan as an integrated peer operating in the post-Soviet geography with similar export pipeline dependencies.
Emerging players
- Hindustan Petroleum Corporation Limited: Indian integrated oil major with two major coastal refineries (Mumbai and Visakhapatnam) and a domestic marketing network. Comparable as a refining-led peer serving a large emerging-market domestic fuel market with integrated upstream JV exposure.
- Tupras: Turkey's largest refiner operating four refineries with significant domestic and export capacity. Comparable to PKOP as a downstream-focused peer producing K-class fuels for domestic consumption and export across regional markets.
Direct peers
- National Company KazMunayGas JSC: Kazakhstan's national oil and gas company operating across E&P, refining (including a 50% stake in PKOP), and pipeline transportation. Directly comparable as it is both a competitor and co-owner of PetroKazakhstan, with overlapping refining footprint and joint operations in the South Turgai basin.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks7 records
Key highlights7 records
Customer concentration
PetroKazakhstan social profiles
Digital presencePetroKazakhstan compliance and trust
Trust signalCompliance12 records
PetroKazakhstan financial estimates
Financial estimateRevenue estimate
Valuation estimate
PetroKazakhstan leadership team
Management profileNumber of profiles
Profiles16 records
PetroKazakhstan subsidiaries and ownership
Company hierarchySubsidiaries5 records
PetroKazakhstan funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
PetroKazakhstan M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about PetroKazakhstan
What does PetroKazakhstan do?
PetroKazakhstan is a vertically integrated oil and gas group that explores, develops, and produces crude oil and natural gas from ten fields in Kazakhstan's South Turgai basin, refines crude into gasoline, diesel, jet fuel, LPG, fuel oil, and technical sulphur at the Shymkent Refinery (6 million tonnes/year capacity), and markets and transports these petroleum products to enterprise customers in Kazakhstan and to export markets via the Kazakhstan-China Pipeline, the KazTransOil system, and a fleet of 2,240 railway tank cars.
Is PetroKazakhstan a public or private company?
PetroKazakhstan is a private company. It is classified as corporate owned and is currently operating.
When was PetroKazakhstan founded?
PetroKazakhstan was founded in 1991. It employs 5,001 to 10,000 people.
Where is PetroKazakhstan based?
PetroKazakhstan is headquartered in Calgary, Canada, in the North America region.
How does PetroKazakhstan make money?
Four revenue lines are on record. Oil and Gas Production is the primary driver. The others are oil Refining Services, crude Oil Marketing and Sales and petroleum Products Sales.
Who are PetroKazakhstan's main competitors?
Broad incumbents on record are OMV, MOL Group, PAO Tatneft, PAO Lukoil, Indian Oil Corporation, China National Petroleum Corporation (CNPC) and PJSC Rosneft Oil Company. Emerging players are Hindustan Petroleum Corporation Limited and Tupras. National Company KazMunayGas JSC is listed as a direct peer.
Does PetroKazakhstan have an API?
No public API is recorded for PetroKazakhstan.
What industry is PetroKazakhstan in?
PetroKazakhstan's product category is Integrated Oil and Gas Operations. Its primary akta.pro industry code is EUALAHAA, NGL & Light Ends Feedstocks (Ethane, Propane, Butane, Natural Gasoline), with a secondary code of EUALAHAH, Sulfur & Acid Gas Feedstocks (Sulfur, Sulfuric Acid, Mercaptans). Its NAICS code is 324110 and its SIC code is 2911.