There are two Chinese companies on the oil market of Kazakhstan - CNPC and Sinopec
. There is also CITIC Canada Energy Limited
which was previously 100 percent owned by China, but recently, Kazmunaygaz, owned by the government of Kazakhstan, bought a 50% stake.
Kazakhstan-China Joint Venture CNPC-Aktobemunaigaz
is one of the five largest oil-producing companies of Kazakhstan. This company holds 50 per cent of shares in another large oil company – KMK Munai. The main company in the tandem of CNPC and Aktobemunaigaz is the Chinese party, which was emphasised in the auditor's report for 2018: "The main company that controls the Group is the China National Petroleum Corporation (hereinafter referred to as CNPC). On September 26, 1997, China National Oil and Gas Exploration and Development Corporation (hereinafter, CNODC), the subsidiary of CNPC, purchased 66.7% of common stock in Aktobemunaigaz from the Government of the Republic of Kazakhstan represented by the Privatisation Department of the ministry of finance of the Republic of Kazakhstan on the basis of the share purchase agreement."
Thus, the volume of oil produced by CNPC-Aktobemunaigaz can be assigned to China. China, according
to akim of Aktobe region Ondasyn Urazalin, produces 70 per cent of oil products and 90 per cent of gas in Aktobe region.