The Chairman of the Board of KazMunayGas introduced the new CEO of KMG International

The Chairman of the Management Board of JSC NC KazMunayGas, Alik Aidarbayev, during a working visit to Bucharest, introduced the new CEO of KMG International N.V. (“KMGI”) - Beimbet Shayakhmetov, who succeeded Zhanat Tussupbekov in this post.

Alik Aidarbayev said that changes in the management of KMGI are carried out as part of the management rotation procedure. Zhanat Tussupbekov was invited to work in the central office of KazMunayGas.

After 10 years of integration into the structure of KazMunayGas, KMGI has achieved high-quality transformations. When acquiring a foreign asset, our main strategic goal was to expand our international presence and create a direct transport corridor to enter European markets. Today, KMG International is a steadily growing company; its further development is aimed at diversifying the business and increasing the share of high-margin distribution channels for raw materials and petroleum products of Kazakhstan. This was made possible first and foremost by the efforts of the CEO of the company, Zhanat Tussupbekov, under whose management KMG International for the first time in many years began to profit the Shareholder and justify all the tasks and plans assigned to the asset”, said the Chairman of the Management Board of JSC NC KazMunayGas.

Beimbet Shayakhmetov has extensive experience in the KazMunayGas group of companies, occupying senior positions in the oil production and oil and gas transportation sectors.

The new leader was given the task of continuing the implementation of the development strategy, including major projects within the framework of the Kazakh-Romanian Energy Investment Fund.