BAKU, Azerbaijan, October 21. Chairman of the
Management Board of KazMunayGas (KMG) Askhat Khassenov met with
Karim Tannir, Head of Citi's Middle East and Africa business, in
Astana to discuss prospects for strengthening cooperation between
the two sides, according to KMG.
The discussions focused on building on the 15-year history of
cooperation between KMG and Citi in attracting investment and
providing treasury and banking services.
Citi participated in organizing KMG's Dim Sum bond issuance as
part of the company's efforts to access international capital
markets. Expanding its presence in the Chinese market is also among
KMG's priorities.
Following the meeting, the parties expressed their readiness to
further develop their partnership and implement new joint
projects.
KazMunayGas is Kazakhstan's leading vertically integrated oil
and gas company, with operations covering the entire production
cycle, from hydrocarbon exploration and production to
transportation, refining and specialized services. Established in
2002, KMG represents Kazakhstan's interests in the country's oil
and gas industry.
In the first half of 2026, KMG produced 12.437 million tons of
oil and gas condensate, compared with 13.043 million tons in the
same period of 2025. The company's oil transportation volumes
increased by 4.0% year-on-year to 43.280 million tons.
Citi is an international financial institution founded in New
York in 1812. It is part of Citigroup, an international financial
services corporation. The bank operates in nearly 100
countries.
