KMK MUNAI JSC

What KMK MUNAI JSC does

KMK MUNAI JSC is a Kazakhstan-incorporated joint-stock company engaged in the exploration and production of hydrocarbons from the Kokzhide, Kumsay, and Mortuk oil fields in the Aktobe region. The company operates across more than 300 km² of license territory within the Eastern Caspian Basin, a basin reported to contain over 100 billion barrels of oil. KMK MUNAI employs more than 350 people, predominantly residents of Aktobe region district centers, and was formed in 2004 through the merger of three field-level entities (Kokzhide Munai, Kumsay Munai, Mortuk Munai). The company is privately held, with voting shares split evenly between Yukon Energy Holding S.A. and CNPC subsidiary SNPS-Aktobemunaigas (each holding 43.49% of placed shares).

The company's core offering is crude oil extracted from difficult-to-recover reserves using steam-thermal injection methods, processed through an automated Oil Preparation Unit (UPN), and supported by a Water Preparation Unit (UPPV) that treats up to 3,000 m³/day of formation water for steam injection recycling. Capital investments include 2.5 billion tenge in the Kumsay UPPV and a planned 3.5 billion tenge Mortuk UPPV from 2026, alongside a 930 million tenge oil preparation modernization completed in 2017. Production volumes have grown from 410,018 tons (2016) to 486,000 tons (2019), and the company has recorded 100% associated gas utilization with zero flaring since 2009.

KMK MUNAI monetizes output as a B2B commodity oil producer, selling crude to Kazakhstan's domestic refineries in Shymkent and Pavlodar while exporting via the KazTransOil pipeline system. Specifically, the Kenkiyak-Atyrau pipeline provides access to the Caspian and Black Sea export markets via Russia, while the Kenkiyak-Kumkol pipeline routes oil to domestic refineries and to China. Pricing is determined by commodity market conditions and is not publicly disclosed. The distribution model relies on long-term pipeline infrastructure contracts with KazTransOil and adjacency to the CNPC-operated Kenkiyak field. Recent strategic emphasis is on ESG positioning, ESG-linked investment readiness, and infrastructure expansion across all three fields.

Name

KMK MUNAI JSC

Legal name

Акционерное общество «КМК Мунай»

Website

https://kmkmunai.com

Company type

Private

Founded year

2004

Operating status

Operating

Headcount range

1–10 employees

Short description

KMK MUNAI JSC is a Kazakhstan joint-stock company that explores and produces crude oil from the Kokzhide, Kumsay, and Mortuk fields in the Aktobe region, using steam-thermal injection to recover difficult reserves. It sells B2B crude via KazTransOil pipelines to domestic refineries (Shymkent, Pavlodar) and exports to China and Russian/Caspian markets.

Ownership category

akta.pro rank

Product category

Crude Oil Exploration and Production

NAICS

Oil and Gas Extraction (2111), Crude Petroleum Extraction (21112)

SIC

Crude Petroleum & Natural Gas (1311)

akta.pro primary industry

Crude Oil Gathering Pipeline Transportation (Upstream Field Gathering) (TLAGAAAB)

akta.pro secondary industry

Crude Oil Field Gathering Systems (TLAGAJAA)

Keywords

• Crude oil production
• Hydrocarbon exploration
• Upstream oil services
• Steam thermal recovery
• Oil field operations

Headquarters

HQ city

Astana

HQ country

Kazakhstan

HQ region

Asia

Offices6 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Personnel, Infrastructure, Technology or R&D, Supply Chain

Revenue model

1. Crude Oil Sales: KMK MUNAI extracts and sells crude oil from Kokzhide, Kumsay, and Mortuk oil fields. Oil is transported via KazTransOil pipeline system to Kenkiyak-Atyrau pipeline (export via Caspian and Black Sea) and Kenkiyak-Kumkol pipeline (domestic refineries and China export).

Go-to-market motion2 records

Distribution channels3 records

Marketing channels4 records

Core offering

KMK MUNAI JSC is a Kazakhstan-based oil exploration and production company that extracts and sells crude oil from the Kokzhide, Kumsay, and Mortuk oil fields located in the Aktobe region. The company produces approximately 400,000–486,000 tons of oil annually using steam-thermal injection methods to recover difficult-to-extract reserves, and transports its crude through the KazTransOil pipeline network to domestic refineries in Shymkent and Pavlodar, as well as for export to China via the Kenkiyak-Kumkol pipeline.

Product overview

KMK MUNAI JSC is an oil and gas exploration and production company operating in Kazakhstan. The company's core offering consists of hydrocarbon exploration and production services from three oil fields (Kokzhide, Kumsay, and Mortuk), supported by integrated infrastructure including an Oil Preparation Unit (УПН) for automated oil processing, a Formation Water Treatment Unit (УППВ) for water recycling, and a residential wage house complex. The company also markets and transports oil through connections to the KazTransOil pipeline system for export to Russia, China, and domestic refineries.

Differentiator

Problem solved

Functional benefit

Products and services

• Crude Oil Exploration and Production Services

Quantifiable outcome

• Oil production increased from 410,018 tons (2016) to 486,000 tons (2019), demonstrating consistent production growth
• +4 more outcomes

Named customers3 records

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Ten partnerships are on record, tiered minor and core.

• RES 2026 EXPOminorGTM or Marketing Partner · 24 April 2026KMK MUNAI served as 'Official Partner' of the International Exhibition of Green and Sustainable Technologies RES 2026 EXPO held in Astana from April 22-24, 2026. Company logo was placed on official exhibition website, received social media mentions and thank you certificate for participation in organizing the exhibition. Over 300 companies from 30 countries participated.
• TOO 'Akpan'minorImplementation/ SI/ Consulting Partner · 1 January 2023Specialized hydrogeological organization engaged for environmental audit of Kokzhide sandy massif and groundwater. Contract included analytical research, field surveys, water sampling from observation wells, and verification of well stock condition.
• Akimat of Aktobe Region and Trade Union Federation 'Trade Union Center of Aktobe Region'coreStrategic or Co-development Partner · 13 February 2018Memorandum of Mutual Understanding and Cooperation on Stabilization of Production Processes signed. Goal: ensure stable operation of production complex, preserve jobs, and implement measures for employment of personnel. KMK MUNAI committed to maintain 2017 production levels, increase local content, ensure timely salary payments, and index wages by minimum 15% for production personnel.
• Aktobe Regional University named after K. ZhubanovminorStrategic or Co-development PartnerCompany specialists attended seminar on state environmental monitoring and control held December 17-19, 2025 at the university. Event organized by Department of Ecology of Aktobe Region.
• CNPC/SNPS-AktobemunaigascoreStrategic or Co-development PartnerSNPS-Aktobemunaigas became shareholder in January 2013, strengthening company stability. Through cooperation with SNPS-Aktobemunaigas, KMK MUNAI modernized oil preparation installation and planned automated environmental monitoring station as part of 'Informational Kazakhstan-2020' program. Also jointly organize safety competitions and professional holidays.
• TOO 'Kompleks K'minorImplementation/ SI/ Consulting PartnerSpecialized organization provides fire protection and preventive fire measures for KMK MUNAI facilities.
• Kazakh National Research Technical University named after K.I. Satpayev (KazNITU)minorStrategic or Co-development PartnerScientists from KazNITU engaged for environmental monitoring of Kokzhide specially protected sandy area and groundwater condition.
• Akimat of Aktobe RegioncoreStrategic or Co-development PartnerJoint implementation of greening projects including memorandum for planting trees in sanitary protection zone on 2.0 ha near Sarkol settlement. Company participates in state program 'Road Map for Complex Solution of Environmental Problems of Aktobe Region for 2024-2026'.
• Aktobe Regional University named after K. ZhubanovminorStrategic or Co-development PartnerSpecialists of KMK MUNAI upgraded qualifications at seminar on state environmental monitoring and control organized by Department of Ecology with university as venue.
• NURIKON Training CompanyminorImplementation/ SI/ Consulting PartnerProfessional trainers from NURIKON conducted team building training for KMK MUNAI employees in 2011, achieving goals of improving team atmosphere, constructive cooperation, and productivity improvement.

Scale indicators21 records

Recent moves9 records

Expansion highlights5 records

Broad incumbents

• KazMunaiGas (KMG): Kazakhstan's national oil and gas company operating across upstream, midstream and downstream. Provides a broad comparable because it controls pipeline and processing infrastructure serving regional producers including KMK Munai.
• Lukoil Overseas (Kazakhstan operations): Russia-headquartered oil major with upstream projects in the Caspian/Central Asia region (e.g. Al-Fedinskoye). Comparable because it operates advanced EOR projects including steam injection in similar geological settings.
• CNPC / PetroChina: Parent of KMK Munai's 43.49% shareholder CNPC subsidiary; operates Kenkiyak field adjacent to KMK and possesses the technology and capital base that frames KMK's JV trajectory — the dominant upstream incumbent in the region.
• Tengizchevroil (TCO): Joint venture operating the giant Tengiz and Korolev fields in Kazakhstan via the Caspian Pipeline Consortium. Comparable as a large-scale Kazakh upstream producer exporting crude via CPC to global markets.
• North Caspian Operating Company (NCOC / Agip): Operator of the Kashagan field consortium in the North Caspian; comparable as a Kazakhstan-anchored upstream operator with multinational JV structure and pipeline export dependency.

Direct peers

• SNPS-Aktobemunaigas (АО «СНПС-Актобемунайгаз»): CNPC subsidiary operating oil fields in the Aktobe region adjacent to KMK Munai's license areas. It is also one of KMK's two 43.49% shareholders, sharing the same basin and similar upstream oil E&P profile — the closest direct operational comparable.
• Mangistaumunaigas (MMG): Mid-sized Kazakh upstream oil producer with significant Caspian basin operations; similar scale to KMK Munai in employee count and production, also selling crude via Kazakhstan pipeline networks to domestic and export destinations.
• Embamunaigas (АО «Эмбамунайгаз»): Kazakhstan-focused upstream oil and gas operator in western Kazakhstan (Atyrau/Mangystau regions); comparable mid-cap national E&P business with similar B2B crude oil sales model and dependence on state pipeline infrastructure.

Others

• KazTransOil: National pipeline operator and primary off-taker of KMK Munai's crude oil, providing the only commercial route to domestic and export markets. Although not a competitor, it is the most economically connected entity to KMK and a critical comparative benchmark for midstream dependency.

Emerging players

• PetroKazakhstan (PKZ, CNPC subsidiary): CNPC-controlled Kazakhstan-focused E&P operator acquired by CNPC in 2006; relevant as a smaller sibling CNPC asset in Kazakhstan with shared shareholder ties to KMK Munai.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• Instagraminstagram.com/p/DXrL12XjNOv

Revenue estimate

Valuation estimate

Number of profiles

Profiles9 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about KMK MUNAI JSC