Corporate governance

Governance structure

Managerial staff structure of Embamunaygas Joint-Stock Company

Board of Directors

By the decision of the Sole Shareholder of Embamunaygas JSC No. 10 dated May 23, 2017, the powers of A.T. Ileuov as a member of the Board of Directors were terminated ahead of schedule, and K.O. Iskaziyev. (General Director – Chairman of the Management Board of KazMunayGas EP JSC), A.Ye. Zhaksybekov (Chairman of the Management Board of Embamunaygas JSC) were elected as representatives of the Sole Shareholder. On the basis of the decision of the Board of Directors of Embamunaygas JSC No. 35 dated June 21, 2017, the powers of Dastan Yelemessovich Abdulgafarov as Chairman of the Board of Directors of Embamunaygas JSC was terminated ahead of schedule and Kurmangazy Oryngaziyevich Iskaziyev was elected as Chairman of the Board of Directors of Embamunaygas JSC. By the decision of the Sole Shareholder of Embamunaygas JSC No. 18 dated August 29, 2017, the quantitative composition of the Board of Directors of Embamunaygas JSC was increased to nine persons, and from August 29, 2017, Damir Danilbekovich Teberikov was additionally elected to the Board of Directors (as a representative of the Sole Shareholder).

Members of the Board of Directors as of December 31, 2017

Kurmangazy ISKAZIYEV

Chairman of the Board of Directors of Embamunaygas JSC, General Director (Chairman of the Management Board) of KazMunayGas EP JSC

He graduated from Kazakh Polytechnic Institute named after V.I. Lenin, majoring in Mining Engineer-Geologist.

K. Iskaziyev started his career as a sampling operator at Balykshy Exploratory Drilling Directorate, after which he worked as a geological engineer of the Thematic Team, a cementing operator of Embaneft plug-back operation office. In 1991–1993 – geologist of the drilling expedition No. 1 of Balykshy Exploratory Drilling Directorate, in 1993–1995 – geologist of Atyrau Drilling Department CDO of Embamunaygas JSC. In 1995–2004 – Chief Geologist, Deputy Director of Atyrau Enhanced Oil Recovery and Well Workover Directorate, Director of the Geology and Oil and Gas Field Development Department of Embamunaygas JSC. In 2004–2008 – Deputy Director, Director of the Geology and Development Department of KazMunayGas Exploration Production JSC. In 2008–2015 – Executive Director for oil and gas production, Managing Director for geology, geophysics and reservoirs, Chief Geologist, Deputy Chairman of the Management Board for geology and promising projects, Managing Director for non-operating assets (Tengiz, Kashagan, Karachaganak), Managing Director for geology of NC KazMunayGas. From January to September 2015 – General Director (Chairman of the Management Board) of Embamunaygas JSC. Since September 2015 – General Director (Chairman of the Management Board) of KazMunayGas Exploration Production JSC.

K. Iskaziyev is a holder of Honorary Diplomas of NC KMG, KMG EP, the Geology and Subsoil Use Committee, Anniversary Medals: “20 years of Kazakhstan Constitution” (2015), “20 years of Kazakhstan Independence” (2016), the Kurmet Order (2016), the Anniversary Medal of the Ministry of Energy of the Republic of Kazakhstan “95 years of Embamunaygas JSC” (2017).

K. Iskaziyev is an honorary prospector of the Republic of Kazakhstan, Laureate of the Al-Farabi State Prize of the Republic of Kazakhstan in the field of science and technology for a series of papers on “Scientific justification of hydrocarbon potential of the Republic of Kazakhstan” (2015).

He is also Doctor of Geological and Mineralogical Science, author of 12 scientific publications, co-author of the book “Geological structure and oil-and-gas bearing prospects of the Northern and Middle Caspian”.

Dastan ABDULGAFAROV

Member of the Board of Directors of Embamunaygas JSC, Deputy General Director for economy and finance of KazMunayGas EP JSC

Dastan Abdulgafarov holds a position of Deputy General Director for economy and finance since January 2015.

From 2006 till the last appointment, D. Abdulgafarov worked as Managing Director for business development. He graduated from Kazakh Institute of Law and International Relations with a degree in International Law and the Diplomatic Academy of the Ministry of Foreign Affairs of the Republic of Kazakhstan, majoring in International Economics and Law. He received a Master’s degree in oil business at Agip Corporate University, as well as Executive MBA at SKOLKOVO, Moscow School of Management. He worked for “MOC KazMunayTeniz” JSC and NC KazMunayGas JSC.

Kuanyshbai NURGALIYEV

Member of the Board of Directors of Embamunaygas JSC, Managing Director for operations and field development of KazMunayGas EP JSC

Kuanyshbai Nurgaliyev holds the position of Managing Director for operations and field development at KMG EP from December 2015, previously he held the position of Managing Director for operations at KMG EP.
In different years he worked as Deputy General Director for Operations of Ural Oil and Gas LLP, Director of Field Development Department, Head of Field Development Division of KMG EP.
K. Nurgaliyev started his career at Uzenmunaigas JSC (Ozenmunaigas Production Branch) and held the positions from an oil and gas production operator to Department Director. He graduated from Kazakh National Technical University named after K. Satpayev with a degree in Mining Petroleum Engineer and Karaganda State Technical University, majoring in Mining Engineer-Geophysicist. He took a degree of Master of Business Administration in Oil and Gas Business Management at MIRBIS Institute, Moscow.

Shane Andrew DRADER

Member of the Board of Directors of Embamunaygas JSC, Financial Director – Financial Control Officer of KazMunayGas EP JSC

Shane Drader holds the position of Financial Director – Financial Control Officer since August 2014. He already held the same position in the Company in 2007–2011.

Prior to joining KMG EP JSC, Mr. Drader worked as a resource partner at Deloitte & Touche in Kazakhstan. He has decades of experience in the Big Four. He also worked at British American Tobacco in different countries, where he held the positions of chief finance officer, financial control officer, internal audit and business risk manager. He graduated from the University of Calgary with a degree in Accounting.

Mr. Drader is a member of the Institute of Certified Public Accountants of Alberta.

Anuar Yerkinovich ZHAKSYBEKOV

Member of the Board of Directors, Chairman of the Management Board of Embamunaygas JSC

After graduation from Baichunas secondary school No. 3 in 1982, Anuar Zhaksybekov started his career as an oil and gas production operator at the Baichunas field of Dossorneft OGPD of Kazakhoil-Emba OJSC. Upon completion of military service, he continued working as an operator of the oil and gas production department of Karsak field. Later, he worked as a district geologist in Atyrau Drilling Department, a leading geologist, deputy head of the enhanced oil recovery and well workover division of Makat district of Kazakhoil-Emba JSC.

In 1993, he graduated from Patrice Lumumba University of People’s Friendship (Moscow), specializing in “Geology and Exploration of Oil and Gas Fields”.

In 1999, he was appointed Chief Geologist of Makatneft OGPD of KazakhoilEmba OJSC. In 2000, he was invited to NC Kazakhoil JSC as Chief Engineer of the Production Management Department. He also held the positions of Chief Engineer, Manager, Deputy Director of the Geology and Field Development Department.

From 2004 to 2007 he headed the Geology and Geophysics Department of the Geological – Engineering Service of NC KazMunayGas JSC. In 2007–2009 he held the position of Director of the Department of Geology, Geophysics and Storage Facilities of the Exploration and Production Division of NC KazMunayGas JSC.

In 2009–2013, Anuar Zhaksybekov held the positions of Geological Exploration Manager of NC KMG in N Operating Company LLP, Chairman of the Technical Subcommittee on Geological Exploration. In February 2013, he was appointed Deputy General Director for Geology and Development of KMG EP, Chairman of the Technical Committee on Geological Exploration, Chairman of the Exploration Assets Supervisory Board of KMG EP. He supervised joint ventures with the participation of KMG EP: JV Ural Oil and Gas, joint participation with FIOC (PRC) and MOL (Hungary), joint venture “Karpovsky Severny”.

In October, 2013, A. Zhaksybekov was appointed Deputy General Director for Promising Projects and Operations of the Branch of Kashagan B.V. PCLL and a member of the Engineering Advisory Committee of Shareholders of the North-Caspian Project

Since September 2015, he is Deputy General Director for New Projects and Technologies of Embamunaygas JSC. Since April 24, 2017, by the decision of the Board of Directors A. Zhaksybekov was elected as Chairman of the Management Board of EMG JSC.

A. Zhaksybekov is a holder of an Honorary Diploma of the Ministry of Oil Industry of the USSR; Honorary Certificate of NC KazMunayGas JSC; Certificate of Appreciation of Samruk-Kazyna SWF JSC; Certificate of Gratitude of the Committee for Geology and Subsoil Management of the Ministry of Energy and Mineral Resources of the Republic of Kazakhstan; the Badge of Honor of RoK MEMR “90 years of Makat Field”; the Badge of Honor of the Ministry of Oil and Gas “100 years of Dossor Field” (2011); “50 years of Prorva Field”; Diploma and Badge of Honor of the Ministry of Industry and New Technologies of the Republic of Kazakhstan “Honorary Prospector of the Republic of Kazakhstan” (2012); Medal for Contribution to Oil and Gas Industry of the Republic of Kazakhstan awarded by the Ministry of Oil and Gas of the Republic of Kazakhstan (2014); Anniversary Medal of the Ministry of Energy of the Republic of Kazakhstan “95 years of Embamunaygas JSC” (2017), Kurmet Order (2017).

Damir Danilbekovich TEBERIKOV

Member of the Board of Directors of Embamunaygas JSC, Deputy Director of the Production Optimization Department of NC KazMunayGas JSC.

Damir Teberikov graduated from Almaty State University named after Abay with a specialization in Law (International Law).

He started his career as a manager at Caspian Industrial and Financial Group Trade LLP. Then he worked as a specialist, member of the department of joint enterprise management, deputy head of departments of NC KazMunayGas JSC.

Zhannat Dzhurgaliyevna YERTLESSOVA

Independent Director of the Board of Directors of Embamunaygas JSC, Director of Expert Kazakhstan LLP

Zhannat Yertlessova started her career as a research officer at the Research Institute of Economy and Market Relations under the State Planning Committee of KazSSR. In 1992 she was appointed Deputy Director of the Institute. Then she worked as Chief of the Financial and Credit Policy Department of the Ministry of Economy of the Republic of Kazakhstan
In 1994 Zh. Yertlessova was appointed First Deputy Minister of Economy of the Republic of Kazakhstan. She also held different positions such as Chief of the Center for Economic Reforms under the Cabinet of Ministers and the Government of the Republic of Kazakhstan, First Vice-Minister of Finance, Vice President of Kazakhtelecom JSC, Deputy Head of the RoK Presidential Executive Office, Deputy Minister of Defense of the Republic of Kazakhstan, First Deputy Chairman of the Agency on Regulation of Natural Monopolies of the Republic of Kazakhstan, Chairman of the Governing Council of the Association of Taxpayers of Kazakhstan, Deputy Chairman of the Management Board of the National Chamber of Entrepreneurs, etc. Currently, Zhannat Yertlessova is Director of Expert Kazakhstan LLP.

Baltabek Mukhanovich KUANDYKOV

Independent Director of the Board of Directors of Embamunaygas JSC

Doctor of Geological and Mineralogical Sciences, Associate Member of the International Economic Academy of Eurasia, Academician of the International Academy of Mineral Resources, member of the American Association of Petroleum Geologists.
Baltabek Kuandykov worked as Chief Geologist, Head of the Geological Department, Deputy Head of the Geological Department, field geologist of the oil prospecting expedition of Kazneftegazrazvedka Geological Administration of Gurievneftegazgeologiya Association, Deputy Minister of Geology, Energy and Fuel Resources of the Republic of Kazakhstan, President of Kazakhstankaspishelf JSC, NOC Kazakhoil ZAO, Nelson Resources Ltd. (Canada).

From February 2006 to the present time he is the President of Meridian Petroleum. Since 2009 he is the President of Kazakhstan Society of Petroleum Geologists.

Igor Aleksandrovich UKRASIN

Independent Director of the Board of Directors of Embamunaygas JSC, Managing Director of SBERBANK (Switzerland) AG, Head of the Corporate Banking Division

In 1994–1996, Igor Ukrasin held the position of Head of the Sales Planning Division of the Operations Department of Pepsi-Cola International, in 1998–2013 – Managing Director of the Investment Banking Division of the European Energy Group “Credit Suisse Securities Limited”, in 2013–2015 – Managing Director of SBERBANK KIB.