Our Vision

Active resource-base development, cutting-edge production and refining technologies with our partners, and an effective sales network have allowed to secure its place among the market leaders in Kazakhstan ’s oil and gas industry, as well as playing a major role in the international oil and gas market

In implementing the growth strategy, SUMATEC OIL & GAS TOO seeks to increase its shareholder value, as well as achieve the highest standards of corporate governance. The company firmly believes that these two goals are closely related. A commitment to transparent and responsible business management is extremely important to maintain investor confidence and, in the long run, to ensure maximum return on investment for all our shareholders. Being a hallmark of the most famous international corporations, effective management is an essential indicator of our success in the eyes of our foreign partners. We are convinced that good governance is beneficial to all interested parties, including customers, suppliers, partners, employees, and shareholders of our company. The management of SUMATEC OIL & GAS TOO will steadily continue to pay equal attention to the interests of all groups of shareholders of the Company. Transparency of financial statements is another significant element of corporate governance. SUMATEC OIL & GAS TOO has extensive experience in preparing quarterly, semi-annual and annual reports in accordance with generally accepted accounting principles. In the future, we intend to follow this practice.

Our immediate goal for an open joint stock company to further improve our US GAAP reporting procedures is to continue to reduce the time gap between the end of the reporting period and the publication date of financial indicators for the same period. One of the most compelling evidence of the practical application of the principles of strong corporate governance is the composition of the Board of Directors and its subcommittees. The members of the Board of Directors of SUMATEC OIL & GAS TOO are experienced leaders who greatly respect the business community. For a more effective discussion at meetings of the Board of Directors, the standing committees of the Board of Directors – the Human Resources and Remuneration Committee, the Strategic Planning Committee and the Audit Committee – advise on the most important issues. At SUMATEC OIL & GAS TOO, we understand that the reputation of an organization that strictly adheres to the highest standards of corporate governance cannot be obtained in one night. It takes time, and we are confident that we will get such a reputation. We are trying to develop our business operations. We are ready for future challenges inevitable in the energy industry. And we follow the principles of transparent and responsible governance. All this will help to gain your trust.

Since established, SUMATEC OIL & GAS TOO has placed high emphasis on the charity. The effective charity work is proved by the top position in the nomination “For the Participation in the Social Work and Development of the Corporate Charity” taken by SUMATEC OIL & GAS TOO in All-Asia Contest “The Kazakhstan Company of High Social Efficiency” following the results. The charity policy is based on the principles of targeted support, efficiency and regularity. The main priorities of the charity policy are: supporting and developing sports; supporting and sponsoring children; promoting educational and creativity programs; supporting and sponsoring people with physical disabilities; supporting and sponsoring member of the armed forces and their families; caring of the Veterans of the Great Patriotic War.

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The consistent growth of our upstream Oil and Gas operating and refinery activities have attracted constant buyers from all over the world.