Exclusive
Leadership Change at the National Company KazMunayGas

By decision of the general meeting of National Company KazMunayGas JSC shareholders, Askhat Khasenov was elected as Chairman of the company's board starting May 28, 2024. Simultaneously, he was elected as a member of the JSC's Board of Directors until the expiration of the term of the Board as a whole.
Magzum Mirzagaliyev's powers as Chairman and member of the KMG Board of Directors were prematurely terminated on May 14, 2024.

The new head of the national oil and gas company was born in 1983 in the Zhambyl region. He graduated from the Kazakh National Technical University, named after Kanysh Satpayev, with a degree in Oil and Gas Well Drilling and from the University of International Business with a degree in Management.
He began his career in 2005 as an operator in Turgai Petroleum JSC's oil and gas production workshop. From 2006 to 2010, he worked at the Main Dispatching Department of the Oil and Gas Industry JSC, where he rose from leading specialist to vice president.
From 2010 to 2014, he worked at the Ministry of Industry and New Technologies as head of the state inspection and licensing department of the Ministry of Oil and Gas of the Republic of Kazakhstan. From 2014-2019, he was Director of the Department for the Development of the Petrochemical Industry at the Ministry of Energy. From August 26, 2019, to January 14, 2022, he served as Deputy Chairman of the Board of KLPE LLP, a subsidiary of KMG. From January 15, 2022, to May 13, 2024, he was Deputy Minister of Energy of the Republic of Kazakhstan.
Magzum Mirzagaliyev joined the KazMunayGas system in 2007, although he had worked in the oil and gas industry since 2001. In 2013, he moved to the government, becoming Deputy Minister of Oil and Gas and then Deputy Minister of Energy. After Kassym-Jomart Tokayev was elected the new head of state in 2019, Mirzagaliyev was appointed minister twice—first of Ecology, Geology, and Natural Resources, and then of Energy. He led KazMunayGas from April 14, 2022.