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About
Maten Petroleum

Energy hub between cenatral Asia and Europe

Maten Petroleum (JSC “Maten Petroleum”) is one of Kazakhstan’s leading oil refineries. It was launched in 2010. The shareholder-owner of the refinery is Sino-Science Netherlands Energy Group B.V. (95%). The design refining capacity is 19 million tonnes per year and the refining depth is up to 86.4%.

The company produces over 20 (including markings) names of commodity petroleum products: liquefied petroleum gases, automotive, diesel fuels, jet engine fuels, vacuum gas oil, heating oil, fuel oil, marine fuel, petroleum cokes, technical sulfur, paraxylene, benzene, etc. Today, the plant is the only manufacturer in Kazakhstan petrochemical products.

The structure of the refinery includes primary refining (DS-5U), oil product compounding and shipment, downstream production (fuel complex – SK-1 for deep conversion of fuel oil), heavy oil residue processing, sulphur production and general plant facilities, and light oil product production. The quality control of products and the maintenance of technological regime is performed by the central plant laboratory (CPL).

Key Points

In the top 3 exporters

of oil products of Kazakhstan

Largest reserve of oil products and crude oil

of the regulated safety stock

  • Polypropylene plant (PP)
  • High-density polyethylene (HDPE)
  • Plant low-density polyethylene (LDPE)
  • Motor Fuels
  • Aviation Fuels
  • “Heating Oil” Fuel
  • Chemical Processing Naphtha
  • Bitumen
  • Solvents
  • LPG
  • Fuel Oil
  • Special Products
  • Additives

Results 2022

Maten Petroleum exhibited enhanced financial performance in 2022 due to improved refining margins in comparison to 2021, facilitated by increased production levels. In 2022, Maten Petroleum accomplished a gross turnover surpassing $6.5 billion, reflecting a remarkable 42% increase. The company achieved an operating profit (EBITDA) of approximately $464 million, and a net result of $90.3 million. Throughout 2022, Maten Petroleum exported products with a total value exceeding $1.7 billion. As a significant contributor to Kazakhstan’s state budget, the company disbursed over $425 million in Q4 2022, equating to $1.56 billion for the entirety of the preceding year.

25%
Oil production
56%
Oil transportation
82%
In oil refinery
21%
Assets to GDP
9%
Share in the state budget
Key indicators for 2022 in kazakhstan republic

Business lines

We manage assets throughout the entire production cycle, from exploration and production of hydrocarbons to transportation, refinery, and service provision.

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UPSTREAM
OILFIELD SERVICES
REFINING
EXPLORATION
PETROCHEMICAL
TRANSPORTATION

Social Responsibility

Oil pioneered the use of a gas-cycling process in Russia, reducing harmful emissions into the atmosphere

Innovation

Oil Company’s oil and gas condensate production increased 250 fold since the company’s launch

Oil Production

Oil Company’s oil and gas condensate production increased 250 fold since the company’s launch

Ecological Safety

Oil’s investments into its large-scale gas project should reach 361 billion rubles in 2024

Annual report 2022

We are proud to present our annual sustainability report, highlighting the positive impact of Maten Petroleum’s activities on communities around the world. This report, consolidated in International’s comprehensive sustainability report, provides valuable insights into our commitment to social responsibility and environmental stewardship..

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Strategy

Over the upcoming decade, Maten Petroleum’s expansion will be secured through a multifaceted approach encompassing the augmentation of its resource base, enhancement of operational efficiency, extension of the value chain, adoption of cutting-edge technologies, and a concerted effort towards reducing carbon emissions.

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Our values

The accomplishments of Maten Petroleum are attributed to a cohesive team comprising individuals who share a collective vision, aligned goals, and a shared business culture. Anchored in a strong foundation of common values including fairness, loyalty, development, security, and responsibility, the company’s success is a testament to the unified efforts and shared commitment of its team members.

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Our people

Maten Petroleum is one of the largest employers in Kazakhstan and provides employment to more than 19 thousand people

Staff

47 437 employees 

17

companies

17

companies

17

companies

17

companies

Digitalization

Digitalization is focused on promoting advanced technologies in Refining, Exploration and Production using machine learning, artificial intelligence, and corporate template for the digitalization of new assets. Digital solutions also support sustainability and decarbonization goals through energy efficiency, emission reduction, and low-carbon technologies.

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