Oil & Gas
In 2007 Kusto Group established the KazPetrol Group—initially a 100% greenfield upstream energy project. In 2007, the KazPetrol Group sought the opportunity to develop oil fields in the Kyzylorda region. KazPetrol aimed toturn the geological promiseof an underdeveloped region into reality. KazPetrol invested in the cutting-edge technologies and adopted the industry’s leading practices—often against the advice of traditional industry specialists.
Fifteen years later, KazPetrol is a leader in the region, successfully employing new technologies and incorporating the social needs of the local business community environment, all with a responsible attitude towards personnel and environmental issues. KazPetrol Group today directly employs more than 750 people, holds partnerships with leading oil and gas services providers around the world, and has an annual production of more than 3 million barrels of crude oil.