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Kazmunaygas approves development strategy

CIS PETROCHEMICALS

Kazmunaygas approves development strategy

The company plans to ensure growth through the efficiency of current production, development of new redistributions, introduction of modern energy-saving technologies and reduction of carbon footprint - Trend

The following development vectors were identified within the Strategy:

1. Building up the resource base for traditional activities

2. Improving the efficiency of the existing value chain

3. Creation of new petrochemical facilities

4. Sustainable development in all areas of production

The Kazmunaygas Board of Directors also approved the Low-Carbon Development Program for 2022-2031, which highlights the climatic ambitions of the company, the main approaches and measures aimed at reducing the carbon footprint.

By 2031, the company plans to reduce carbon dioxide emissions by 15% from their levels in 2019 (1.6 million tons of CO2) through a number of energy conservation measures and the use of renewable energy sources.

We will continue to actively work on the sustainable development of the Company, maintaining credit ratings and implementing investment projects that are priority for the industry and the Republic of Kazakhstan

Alik Aidarbayev, Chairman of the Management Board of Kazmunaigas

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