What Kazpetrol Group does

Kazpetrol Group (TOO «KAZPETROL GROUP», founded 2005) is a Kazakhstan-based independent oil and gas exploration and production company headquartered in Kyzylorda, operating as a subsidiary of the international Kusto Group conglomerate. The company holds government-granted subsoil use rights covering blocks XXIX-38-C/D/E in the Syrdarya district of the Kyzylorda Region and, since 2024, a 4,010 sq km exploration license in the Ulytau territory. Across seven discovered fields (Taur, Khairkeldy, South Khairkeldy, North Khairkeldy, Southwest Khairkeldy, Zholtay, and North-West Taur), it has produced a cumulative 2.97 million tons of crude oil (as of January 2024) and reached a stable annual plateau of approximately 300,000 tons (~2.2 million barrels), with approved geological reserves of 21.3 million tons and recoverable reserves of 7.7 million tons. Operations are supported by a 250-person shift camp at Khairkeldy and a reservoir pressure maintenance system completed in 2023.

The company monetizes extracted hydrocarbons via two principal revenue streams: (1) commercial crude oil sales to domestic and international commodity markets, transported primarily through Kaztransoil's pipeline system (331,761 tons delivered in 2021; 265,500 tons sold in 2024); and (2) associated petroleum gas sales, formalized in 2025 via a new gas pipeline routing gas through Kazgermunai JV to the national gas company QazaqGaz NC. Its technology stack includes 3D seismic surveys, 3D geological-hydrodynamic reservoir modeling, dual-horizon simultaneous extraction technology (ORE), side-track drilling, Capstone micro gas turbines for associated-gas power generation, small-block separation-loading units (MBSNU), inline oil desalination (UPON), and a Production Data Management System (PDMS) deployed under a 'Digital Field' initiative.

Kazpetrol generates revenue on a transaction/take-rate basis at prevailing commodity market prices, with contract-based B2B sales to enterprise counterparties and no published pricing tiers. Its customer base is concentrated in national infrastructure operators and commodity buyers; its go-to-market is enterprise field sales with no direct consumer activity. Over 20 years the company has deployed approximately 118.7 billion KZT (~$375 million) in cumulative investment and contributed 2.16 billion KZT in social deductions, while maintaining high Kazakhstan-content ratios (99.10% for works, 96.93% for services in 2025).

Name

Kazpetrol Group

Legal name

TOO «KAZPETROL GROUP (КАЗПЕТРОЛ ГРУП)»

Website

https://kzpg.kz

Company type

Private

Founded year

2005

Operating status

Operating

Headcount range

101–250 employees

Short description

Kazpetrol Group is a Kazakhstan-based independent oil and gas exploration and production company, wholly owned by Kusto Group, operating seven discovered fields in the Kyzylorda and Ulytau regions with a stable annual production plateau of approximately 300,000 tons of crude oil sold to domestic and international commodity markets.

Ownership category

akta.pro rank

Product category

Oil and Gas Exploration & Production

NAICS

Oil and Gas Extraction (2111), Crude Petroleum Extraction (21112), Natural Gas Extraction (21113)

SIC

Crude Petroleum & Natural Gas (1311), Oil & Gas Field Exploration Services (1382)

akta.pro primary industry

Gas Supply, Aggregation & Contracting (Producers, Marketers, Tolling, GSA) (EUALALAD)

Keywords

• Oil and gas exploration
• Crude oil production
• Hydrocarbon field development
• Natural gas processing
• Upstream energy operations

Headquarters

HQ city

Kyzylorda

HQ country

Kazakhstan

HQ region

Asia

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Crude Oil Production and Sales: Kazpetrol Group generates primary revenue through extraction and sale of commercial crude oil. The company produces approximately 300,000 tons annually (~2.2 Mbbl/year) and sold 265,500 tons (1.96 million barrels) in 2024. Oil is sold to both domestic and international commodity markets.
2. Natural Gas Processing and Sales: Associated petroleum gas is processed and sold. In 2025, the company launched a gas pipeline project for associated gas processing through Kazgermunai JV with subsequent delivery of commercial gas to QazaqGaz NC.

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels4 records

Core offering

Kazpetrol Group is a Kazakhstan-based oil and gas company that explores, develops, and operates hydrocarbon fields, primarily in the Kyzylorda and Ulytau regions. It extracts crude oil and associated petroleum gas, processes them through owned infrastructure, and sells commercial crude oil to domestic and international commodity markets. The company also sells processed associated gas to the national gas company QazaqGaz, and is part of the international Kusto Group conglomerate.

Product overview

Kazpetrol Group is an oil and gas exploration and production company that operates as part of the international Kusto Group. The company's core product portfolio centers on oil and gas field exploration, development, and production, with crude oil sales on domestic and export commodity markets. Key operational assets include the Khairkeldy Field Group (comprising North, South, Central, and Southwest Khairkeldy fields), Taur Field, and Kokbulak Field. The company employs advanced technologies including 3D geological-hydrodynamic modeling, dual operation technology (ОРЭ) for multi-horizon extraction, side-track drilling, and reservoir pressure maintenance systems. Supporting infrastructure includes oil processing facilities (МБСНУ), desalination units (УПОН), Capstone micro gas turbines for power generation, and extensive pipeline networks. The company operates the PDMS digital field management system for production data. A subsidiary, Галаз и Компания, operates the Severo-Zapadny Konys field. Annual production reaches approximately 300,000 tons of oil with proven reserves of 21.3 million tons of geological and 7.7 million tons of recoverable oil reserves.

Differentiator

Problem solved

Functional benefit

Products and services

• Crude Oil Production and Sales
• Natural Gas Processing and Sales
• Oil and Gas Exploration Services
• Associated Gas Transportation Services

Quantifiable outcome

• Annual production capacity maintained at approximately 300,000 tons of crude oil per year
• +3 more outcomes

Named customers1 record

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature7 records

Partnerships

Four partnerships are on record, tiered core.

• Galaz and Company (Галаз и К)coreStrategic or Co-development Partner · 1 January 2022Subsidiary company developing North-West Konys oil field in Kyzylorda region. 43.749 km2 contract area. 40-well portfolio including 37 oil wells and 3 water intake wells. Kazpetrol Group holds majority stake following 2022 share purchase transaction.
• Kusto GroupcoreStrategic or Co-development Partner · 1 January 2005Parent company and international group of companies. Founded in late 1990s by Kazakhstan specialists in direct investments, project and corporate financing. Kusto Group operates in Russia, Kazakhstan, Ukraine, Vietnam, China, Turkey, and Israel with projects in mining, oil industry, real estate development, construction materials, energy, and agriculture.
• Kazgermunai JV (СП Казгермунай)coreStrategic or Co-development PartnerJoint venture providing associated gas processing services. In 2025, Kazpetrol Group launched gas pipeline project for associated gas transportation to Kazgermunai JV for processing with subsequent delivery to QazaqGaz national gas company.
• QazaqGaz NC JSC (НК QazaqGaz)coreStrategic or Co-development PartnerNational gas company receiving commercial gas processed through Kazgermunai JV from Kazpetrol Group's associated petroleum gas production.

Scale indicators11 records

Recent moves9 records

Expansion highlights5 records

Direct peers

• Embamunaygas: Embamunaygas is a Kazakh state-controlled oil and gas E&P company operating fields primarily in western Kazakhstan. It is a directly comparable upstream operator in the same regulatory framework, selling crude oil into similar domestic and export channels.
• PetroKazakhstan: PetroKazakhstan operates the Kumkol and other Kyzylorda-region oil fields, making it a direct E&P neighbor to Kazpetrol with overlapping reservoirs (Kumkol deposits) and similar customer set. Now a CNPC subsidiary, it is a directly comparable crude oil producer in the same basin.
• Turgai Petroleum: Turgai Petroleum is a Kazakh joint venture between Lukoil and KMG that explores and produces hydrocarbons in the Turgai basin. It is a direct upstream E&P peer to Kazpetrol operating in similar geology and market conditions in Kazakhstan.
• Ural Oil and Gas (UOG): Ural Oil and Gas is a privately held Kazakh exploration and production company with assets in western Kazakhstan. It is comparable to Kazpetrol as a smaller, privately owned E&P operator focused on onshore hydrocarbon development within Kazakhstan.
• KazMunayGas Exploration Production (KMG EP): KMG EP is the upstream oil and gas arm of Kazakhstan's national oil company KazMunayGas, operating producing fields in Kazakhstan. It is the most directly comparable E&P peer in the same country and regulatory regime, with similar product (crude oil) and customer base.

Broad incumbents

• Lukoil Overseas Kazakhstan: Lukoil operates major upstream assets in Kazakhstan, including through Turgai Petroleum and the Karachaganak project. As a global supermajor with a Kazakh presence, it is a broad incumbent peer offering scale, technology, and capital that Kazpetrol cannot match.
• CNPC (Kazakhstan operations): CNPC operates significant upstream assets in Kazakhstan, including through its PetroKazakhstan subsidiary and AktobeMunayGas. It is a broad incumbent peer with overlapping acreage, scale advantages, and access to Chinese offtake channels.
• North Caspian Operating Company (NCOC): NCOC is the consortium operating the giant Kashagan offshore field in the Kazakh sector of the Caspian Sea. While offshore and much larger, it is a relevant incumbent peer illustrating the broader Kazakh upstream landscape and competitive context for capital and talent.

Others

• Capstone Turbine Corporation: Capstone supplies the C-800 and C-600 micro gas turbine units deployed by Kazpetrol for on-site power generation from associated gas. It is an ecosystem partner and enabling technology supplier rather than a competitor, but is relevant for assessing the value of Kazpetrol's gas utilization strategy.

Emerging players

• Caspian Petroleum: Caspian Petroleum is a smaller Kazakh E&P company with onshore assets. As a privately held, sub-scale operator focused on domestic hydrocarbon development, it overlaps with Kazpetrol in business model, scale, and operating geography.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key highlights7 records

Customer concentration

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Subsidiaries1 record

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 Kazpetrol Group