They make our cars and planes lighter and more fuel-efficient, and they save lives by including safety features such as airbags, helmets, and medical equipment. Because of its features such as strength, flexibility, and, most importantly, low production costs, lightweight solutions are not only vital for modern healthy living, but they are also critical for building a low-carbon economy. We must, however, change the way we dispose of plastic. Polymers must be viewed as a component of the solution rather than a problem.

To reach our aim of becoming a net-zero firm, we will gradually lower our oil and gas production by 20% by 2050, and then completely cease producing oil and gas for energy use by 2050. We will continue to invest in traditional exploration and production until 2030, at which point our commitment will be significantly reduced. Gas will account for more than 60% of total energy consumption, highlighting its role as a transition energy that allows renewables to be utilised. Simultaneously, E&P will invest in geothermal energy and carbon capture and storage (CCS) in order to contribute to a more sustainable society by leveraging existing assets and expertise.

The plan considers changes in the KAZPROM PETROLEUM, TOO Gas asset portfolio, such as the growth of the petrochemical sector and the separation of KAZPROM PETROLEUM, TOO into a separate national corporation, as well as the global trend of clean energy transition and carbon management. The Company understands the significance of its impact on the economy, ecology, and society, and will continue to integrate sustainable development principles into key business processes to ensure that economic, environmental, and social priorities, as well as corporate governance objectives, are consistent. For the next 10 years, the Company’s growth will be secured by extending its resource base, increasing the efficiency of current production, creating new processing, introducing modern technologies, and lowering its carbon footprint.