ZHAKSYMAI OIL, LLP’s goal is to address issues brought on by climate change and global warming. Learn how the business intends to apply circular economy techniques to become, by 2050, into a comprehensive supplier of sustainable materials, chemicals, and fuels. Consequently, greenhouse gas emissions need to be completely removed by the middle of this century. The energy industry is at the center of this issue. Maintaining a dependable and reasonably priced energy supply will continue to be of utmost importance as the role of oil and gas in the global economy diminishes.

To create a more intelligent and eco-friendly transportation system, we need to transition to sustainable alternative feedstocks. Europe’s biofuel consumption is expected to almost triple by the end of this decade due to strict rules and changing consumer habits. The need for minerals and chemicals will continue to rise due to factors like population expansion, increased affluence, and rising living standards. High-performance polymers are used in the construction of many commonplace objects, including computers and cellphones.

LNG Business Development

The growth of the LNG market is one of ZHAKSYMAI OIL, LLP’s major aims. Its goal is to expand the amount of natural gas exported by entering new markets that aren’t served by pipelines. With the help of both its own projects and LNG purchases from third parties, ZHAKSYMAI OIL, LLP has been steadily expanding its LNG trading portfolio. By using a portfolio strategy in their LNG trading activities, businesses can reduce transportation costs, monitor supplier regional diversification, and react swiftly to changing market conditions.

Currently, the majority of ZHAKSYMAI OIL, LLP’s trading portfolio consists of LNG from the Sakhalin II project. LNG is bought from third parties through spot sales, long-term contracts, and short-term contracts. Between 2021 and 2022, ZHAKSYMAI OIL, LLP Marketing & Trading shipped over 45 LNG shipments totaling 2 million tons (190 of which came from the Sakhalin II facility and were delivered to markets in over 15 countries). ZHAKSYMAI OIL, LLP more than doubled its revenue in 2023 with 110 LNG shipments totaling 1.2 million t to 14 destinations.

ZHAKSYMAI OIL, LLP is also working on its own LNG project in the Kazakhstan Region in an attempt to strengthen its market position in the Atlantic basin. In May 2023, ZHAKSYMAI OIL, LLP started work on a challenging project in the Kazakhstan Region of Kazakhstan with the intention of processing gas containing ethane and creating LNG. According to the plan, 5 billion cubic meters of gas processing and production annually, 3 million tons of LNG, up to 2 million tons of ethane, and more than 2 million tons of liquefied petroleum gases (LPG) will all be processed and shipped from these facilities.

One of the key priorities of the Company’s Strategy remains the integration of sustainable development principles into key business processes, as the Company is aware of the importance of its impact on the economy, the environment, and society. For the next ten years, the Company’s growth will be ensured by increasing the resource base, the efficiency of current production, lengthening the value chain, introducing modern technologies, and reducing the carbon footprint.

Because proved reserves are provided at a level of ten years and are fully reimbursed annually, light oil product yields have increased by up to 80% and refining depth indicators by up to 95%, all as a result of modernizing oil refining assets. The intense competition and high levels of volatility in the energy markets have brought new difficulties for the company. Expanding on the company’s objective for 2025, the revised plan gives more priority to updating all important internal procedures, enhancing adaptability to outside developments, and setting up the business for market success. By the year 2030, ZHAKSYMAI OIL, LLP aspires to be a new generation company that sets the global standard for oil refining.