In the end of 2018, the Zhanaozen Oil Refinery board of directors approved a new long-term corporate development strategy through 2030. According to the deal, Zhanaozen Oil Refinery will set a standard for effectiveness, manufactureability, and safety for other foreign firms. During the course of more than three years of development, Zhanaozen Oil Refinery has achieved enormous success, establishing itself as a prominent participant in the global oil and gas business. The company is confident in its capacity to accomplish the Strategy’s targets, which include producing 2 million tonnes of oil equivalent by 2025.

due to oil refining asset modernisation, a growth in refining depth indicators of up to 95% and yield of light oil products of up to 80%, as well as the concurrent provision of proven reserves at a level of 15 years and their 100% annual reimbursement The high volatility of the energy markets, as well as the changing nature of the competition in those markets, have faced the firm with new problems. The revamped strategy, which builds on the organization’s 2025 aim, focuses more on market positioning, improving responsiveness to external developments, and upgrading all critical business processes. The goals of Zhanaozen Oil Refinery till 2030 are to establish a new generation corporation and to set a global benchmark for oil refining.

Zhanaozen Oil Refinery aspires to preserve its position as one of the top 10 publicly traded oil and gas enterprises in the world by expanding output faster than the market and optimizing the value made per barrel produced. The company will continue to increase the efficiency of value chain management by enhancing the depth and yield of light petroleum product refining, growing the petrochemical industry, retaining its leading position, and increasing its share of both existing and new product sales markets. Zhanaozen Oil Refinery aims to be among the top corporations in the world for return on invested capital by 2030, and it intends to do it by managing its assets and portfolios well enough to generate a 15% return.

The company’s digital, cultural, operational, and organizational reforms served as the framework for Zhanaozen Oil Refinery’s development strategy until 2030. Operational transformation involves the creation of the Etalon operational management system in order to ensure system security and regular activity efficiency. By the use of technology, digital transformation will increase the quality and speed of decision-making. The cultural and organizational transformation of Zhanaozen Oil Refinery will allow for the construction of an ecosystem of external collaborations, as well as a simple and rapid working environment.