Volmax Group Competitors

North Caspian Operating Company (NCOC) is an operating company for the North Caspian Sea Production Sharing Agreement (NCSPSA). NCOC is based in Atyrau, Kazakhstan. The agreement includes seven companies consisting of KazMunayGas, Eni, ExxonMobil, Shell, TotalEnergies (16.81% each), China National Petroleum Corporation (8.4%) and Inpex (7.56%). The North Caspian Project is the first major offshore oil and gas development in Kazakhstan. It covers three fields: Kashagan, Kairan and Aktoty. The giant Kashagan field ranks as one of the largest oil discoveries of the past four decades, with approximately 9-13 billion barrels (1-2 billion tonnes) of recoverable oil. The Kashagan reservoir lies 80km offshore from the city of Atyrau in 3-4 meters of water, and is more than 4km deep (4,200 meters). In 2016, the first offshore oil in the history of Kazakhstan was commercially produced from Kashagan. The Operator of the project, North Caspian Operating Company N.V. (NCOC), completed a major pipeline replacement project ahead of schedule and on September 28 re-opened the first wells offshore. The President of Kazakhstan, Nursultan Nazarbayev, honoured the project workers and veterans with a personal visit to Atyrau on December 7, 2016. For more information about NCOC, visit: www.ncoc.kz

National Company “KazMunayGas” (KMG) is the Kazakhstan operator for exploration, production, refining and transportation of hydrocarbons, representing the state interests in the oil and gas industry of Kazakhstan. Joint Stock Company “National Company “KazMunayGas” was established by way of merger of “Kazakhoil” National Oil and Gas Company and “Oil and Gas Transportation” National Company pursuant to the Decree of the President of the Republic of Kazakhstan as of February 20, 2002.

KAZ Minerals is a high growth copper company focused on large scale, low cost, open pit mining in Kazakhstan and the CIS region. It operates the Aktogay and Bozshakol open pit copper mines in the Abay and Pavlodar regions of Kazakhstan, three underground mines and associated concentrators in the East Region of Kazakhstan and the Bozymchak copper-gold mine in Kyrgyzstan. In 2024, KAZ Minerals’ total copper production was 380 kt with by-products of 146 koz of gold, 3,728 koz of silver and 43 kt of zinc in concentrate. The Group’s major operations at Aktogay and Bozshakol have delivered industry leading production growth and transformed KAZ Minerals into a company dominated by world class, open pit copper mines. The Aktogay expansion project to double sulphide processing capacity at the mine was officially opened in October 2021, with first shipments to customers dispatched in December 2021. KAZ Minerals employs over 14,000 people across Kazakhstan and the CIS region.