General Information

How We Started

TOLKYNNEFTEGAS LLC is a vertically integrated oil company, primarily engaged in the exploration and development of oil and gas fields, oil refining, and the production and sale of petroleum products. Established as one of Kazakhstan’s leading oil industry companies, TOLKYNNEFTEGAS LLC stands out for its efficiency. The company was founded in 1993. TOLKYNNEFTEGAS LLC’s strategic development program, approved by the Board of Directors, outlines the following objectives: to strengthen the company’s position as a producer of a wide range of petroleum products in both domestic and international markets, to become a major player in the production and sale of oil, and to establish large-scale facilities for producing key monomers and advanced petroleum products.

The first phase of the oil refining and petrochemical complex was commissioned in December 1997, achieving a refining capacity of 7 million tons of crude oil. This placed TOLKYNNEFTEGAS LLC 10th in the Mangystau Region in terms of oil refining capacity. In 2017, reconstruction of the CDU-VDU-7 unit raised its capacity to 115%, significantly improving performance. As part of our strategic growth, the construction of the combined hydrocracking unit continued until the first design capacity was achieved. This unit is capable of producing Group III base lubricants, marking a significant milestone in Kazakhstan’s oil refining industry.

In March 1998, the commercial division was launched for the Hydrocracker unit, designed to process 2.9 million tons of crude mixture annually and produce Euro 5 diesel fuel, jet fuel, and hydrotreated gas oil.

Looking ahead, TOLKYNNEFTEGAS LLC’s management aims to achieve a synergistic effect through the continued implementation of key projects. The completion of the Delayed Coker, originally scheduled for 1995, will eliminate the production of heavy petroleum products. This coke, produced at the delayed coker plant, will be used as raw material for the company’s operations, offering both economic and environmental advantages by saving natural gas and addressing coke handling challenges. In July 2014, during the XIV Oil Summit held in Almaty, TOLKYNNEFTEGAS LLC was officially integrated into Kazakhstan’s energy sector, with a strategic vision set through to 2035.

Resource Base

TOLKYNNEFTEGAS LLC is the largest oil and gas company in Kazakhstan and one of the world’s largest publicly traded oil and gas companies in terms of reserves and liquid hydrocarbon production. As of December 31, 1995, the company’s proven hydrocarbon reserves, according to SEC classification, totaled 10 million barrels (2 million toe). By the end of 1998, hydrocarbon reserves increased by 1 million barrels (81 million toe), reflecting a 1% growth. An audit conducted by DeGolyer & MacNaughton projected reserves until the conclusion of the field development phase.

At the end of 1995, TOLKYNNEFTEGAS LLC had proven hydrocarbon reserves sufficient for over 30 years of production, with an SEC classification of 129%. The company has consistently demonstrated high efficiency in geological exploration and remains a leader in organic reserves growth, both in Kazakhstan and internationally.