News 2014
March 2014KMG
The Board of Directors of Rompetrol Group N.V. decided to change the company’s name to KazMunayGaz International N.V. As explained by Zhanat Tusupbekov, Managing Director on External Processing and Marketing, JSC NC KazMunayGaz, General Director of Rompetrol Group, “changing the name of Rompetrol company is a part of KMG strategy on promoting a single brand of the Group.
"Umbrella" brand is an essential condition for strengthening the market position of the Group under KMG brand within the cuntry and for its successful activities in the foreign markets”. According to the information, the central management unit of the Group- The Rompetrol Group Corporate Center S.R.L., located in Bucharest (Romania), is also subject to change.
The company that performs the functions of the Group's Corporate Center, will be renamed as the KMG Rompetrol. At the same time, the Rompetrol brand will exist and still be used in the retail segment by the company. JSC National Company KazMunayGaz is the Kazakhstan’s national operator for exploration, production, refining and transportation of the hydrocarbons, which represents the State's interests in the oil and gas industry of Kazakhstan. 100 % of JSC NC KazMunayGaz belong to the National Welfare Fund Samruk Kazyna.