Glossary
1P reserves – Proved reserves
2P reserves – Proved plus Probable reserves
3P reserves – Proved plus Probable plus Possible reserves
4ICP – Fourth Injection Compressor Project
5TL – 5th Trunkline
A&M – Agriculture & Mechanical
AC – Audit Committee
AG – Amangeldy Gas LLP
AGP – Asia Gas Pipeline
AIFC – Astana International Financial Centre
APG – Associated petroleum gas
APC – The Automated Process Control
BSc – Bachelor of Science
BCMS – business continuity management system
BATNEEC – Best Available Techniques not Entailing Excessive Costs
BTUs – quadrillion
BP – British Petroleum
bln – billion
bcf – billion cubic feet
bln m3 – billion cubic meters
BGR-TBA – Bukhara gas-bearing region – Tashkent-BishkekAlmaty
BSGP – Beineu-Shymkent Gas Pipeline
BTUs – quadrillion
CFO – Chief Financial Officer
CDP – Carbon Disclosure Project
CPC – Caspian Pipeline Consortium
CFO – Cash flow from operating activities
CJSC – Closed joint-stock company
CNODC – China National Oil and Gas Exploration and Development Company
CNG – compressed natural gas
CNPC – China National Petroleum Corporation
CRMS – the corporate risk management system
CFA – Chartered Financial Analyst
Code – KMG Corporate Governance Code
COVINA – Companhia Vidreira Nacional
CDP – Carbon Disclosure Project
CNG – Compressed natural gas
Capex – Capital expenditures
CITIC – China International Trust and Investment Corporation
DBK – Development Bank of Kazakhstan
DTP – Digital Transformation Program
D&O – Directors and Officers
EP – Exploration & Production
ENPF – JSC Unified Accumulative Pension Fund
ESG – Environmental, social and corporate governance
ECB – European Central Bank
EIA – Environmental Impact Assessment Exporting Countries
EBITDA – Earnings before interest, taxes, depreciation and amortization
EIA – Electronic Industries Alliance
ESG – Environmental Social Governance
EDP – Electricidade de Portugal
E&E – exloration and evaluation
EY – Ernst & Young
FCF – Free cash flow
FDI – Foreign direct investment
FAR – Fatality Accident Rate
FGP – the Future Growth Project
FPSA – the Final Production Sharing Agreement
FC – Finance Committee
GJ – gigajoule
Gcal – gigacalorie
GHG – Greenhouse gas
GPS – Global Positioning System
GGFR – Global Gas Flaring Reduction Partnership
GRI – Global Reporting Initiative
GDP – Gross Domestic Product
GRI – Global Reporting Initiative’s
G&A – General and administrative
GTU – Gas Treatment Unit
GHG – Greenhouse Gas
HDPE – high-density polyethylene
HSE – Health, safety and environment
HSE & SD Com – Health, Safety, Environment and Sustainable Development Committee
ICA – Intergas Central Asia
IPO – Initial public offering
IMF – International Monetary Fund
IT – Information Technology
IOGP – International Association of Oil & Gas Producers
ISO – International Organization for Standardization
IPIECA – International Petroleum Industry Environmental Conservation Association
IFRS – International Financial Reporting Standards
ICS – internal control system
IAS – Internal Audit Service
INED – Independent Non-Executive Director
JSC – Joint stock company
JV – Joint venture
JM – Jerónimo Martins
KMG – Joint stock company National company KazMunaiGas
KTO – KazTransOil
KCP – Kazakhstan-China Pipeline
KMG EP – KazMunaiGas Exploration Production
KMGI – Kazmunaigas International
KPI – Key performance indicator
KMTF – Kazmortransflot
KZT – Kazakhstan tenge
KTG – KazTransGas
KTGA – KazTransGas Aimak
kWh – Kilowatt-hour
KPI – Key Performance Indicators
KTL – Complex Technology Lines
KRI – key risk indicator
KASE – Kazakhstan Stock Exchange JSC
KGDBN – KPC Gas Debottlenecking Project
LNG – liquefied natural gas
LDPE – low-density polyethylene
LPG – Liquefied petroleum gas
LLP – limited liability Partnership
LTIR – Lost Time Incident Rate
LLB – Bachelor of laws
MMboe – million barrels of oil equivalent
mln – million
MBA – Master in Business Administration
MMtoe – million tonnes of oil equivalent
MIT – Massachusetts Institute of Technology
thous. – thousand
MS – Management system
MRM – Maintenance and repair management
MVP – The Minimum Viable Product
MT – MunaiTas
MNC – Offshore Oil Company
M&A – Mergers and Acquisitions
mln tonnes – million tonnes
NBK – the National Bank of Kazakhstan
NC – National company
NCOT – National oil transportation company
NED – Non-Executive Director
NCS PSA – The North Caspian Sea Production Sharing Agreement
NMC – National Mining Company
NOGC – National Oil and Gas Company
NMSC – National Maritime Shipping Company
NYSE – New York Stock Exchange
NRC – Nomination and Remuneration Committee
NCOC – North Caspian Operating Company
OHSAS – Occupational Health and Safety Assessment Series
OECD – Organisation for Economic Co-operation and Development
OPEC – The Organization of the Petroleum
OGPP – Orenburg Gas Processing Plant
OJSC – Open joint stock company
plc – Public limited company
PRMS – Petroleum Resources Management System
PJSC – Public joint-stock company
PKOP – PetroKazakhstan Oil Products LLP
PSA – Production Sharing Agreement
ROACE – Return on Avarage Capital Employed
R&D – Research and Development
SJSC – State joint stock company
SPE – Society of Petroleum Engineers
SSI – Social Stability Index
SACP – stand-alone credit profile
Samruk-Kazyna JSC, the Fund – Sovereign Wealth, Fund Samruk-Kazyna Joint-Stock Company
SDG – Sustainable Development Goals
SEP – Stanford Executive Program
S&P – Standard & Poor’s
SACP – Stand-alone credit profile
SPMC – Strategy and Portfolio Management Committee
TCO – Tengizchevroil
UN – United Nations
UNGC – UN Global Compact
UGS – underground gas storage
USD – United States dollar
UK – United Kingdom
WWF – World Wide Fund for Nature
WPMP – the Wellhead Pressure Management Project
WEC – World Energy Council