About Us
WHO WE ARE
The main goals and objectives of PETROSTAR LLP are the reserves replacement at the level of no less than 100%, efficient production at brownfields and its growth through starting up new projects, creation of new off-shore production hubs, development of technologies and introduction of the world-class project management practices, monetization of gas reserves and competitive production growth, optimal refining configuration and selling Company’s products at the highest profit. Successful performance results of PETROSTAR LLP in 2018 confirm the efficiency of applied strategy, significance of identified priorities and allow to forecast further stable development of the Company for the benefit of its shareholders.
The main resource asset of PETROSTAR LLP and the promising goal of increasing production are significant oil reserves with high viscosity (HVO). The HVO field development project is implemented with the support of government agencies, research organizations in Kazakhstan. Achievements in the field of production, environmental and social activities, as well as a high level of corporate governance, openness and transparency of the Company are highly appreciated by shareholders, business partners and the investment community of the Company as a whole.
PETROSTAR LLP pays particular attention to the associated gas utilization program, which allows not only to obtain its own electricity, but also to preserve the ecological well-being of the regions. In 2017, overhaul of sludge collectors of oil sludge was carried out at the Luginetsky and Sovetskoye fields. Separate collection of plastic containers from bottled drinking water was organized at the Company’s facilities for transfer to specialized organizations for further disposal. The building of the fire fighting stronghold in the village of Pionerny was completed. Due to the commissioning of the gas program facilities, the amount of harmful emissions into the atmosphere was reduced by 14 thousand tons.
To ensure further economic growth, innovative development and strengthening the position of the Company as one of the leaders in the Kazakhstan oil industry, PETROSTAR LLP:
- – Effectively forms and implements an innovation-oriented engineering policy.
- – Increases the volume of production and sale of finished highly competitive products due to the development of the production of petroleum products and oil refining.
- – Successfully implements programs to stabilize the volumes of commercial oil and gas production from developed licensed fields.
Our Mission
Ensuring the Company’s progressive development as one of the largest vertically integrated Kazakhstan producers of oil and gas, oil and gas processing and petrochemical products based on effective asset management of shareholders.
Our Vision
Our special purpose and our operational expertise in our business model will help realize our vision to grow our business in the oil and gas industry, while separating our environmental footprint from our growth and increasing social impact.
Our Value
Our values define how we work and interact with our colleagues, partners, customers and consumers. Our four core values are honesty, responsibility, respect and reputation. As we enter new markets, recruit new talent.
BUSINESS MODEL
Each day we improve the quality of life for millions of consumers in over 100 countries around the globe through the supply of our products, power, and heat. We employ over 100,000 people who join their efforts and expertise to ensure the Company’s efficient development and secure its market leadership.
UPSTREAM
Exploration and production of oil and gas are the central pillar of the PETROSTAR LLP Kazakhstan Group business. Our upstream operations cover 14 countries and are mostly concentrated in Kazakhstan, Central Asia, and the Middle East. Our key competitive advantages are:
- Rich reserve base
- Low production cost of conventional barrels
- Vast experience in large scale projects
- Technological expertise
DOWNSTREAM
Developing downstream segment helps us to decrease dependence from the price volatility and strengthen competitiveness by delivering high added value products.
PETROSTAR LLP delivers a wide range of high-quality oil products, gas processing products and petrochemicals; and manages retail sales in 19 countries. Our key competitive advantages are:
- Leadership in refining efficiency
- Favorable location of refineries and proximity to sales markets
- Product range and high quality of products
- Development of premium distribution channels