• CERAWeek
  • March 18 - 22, 2024
  • About

Magzum Mirzagaliyev

KazMunayGas (KMG)

Chairman of the Management Board

Magzum Mirzagaliyev is Chairman of the Management Board of the Joint Stock Company National Company (JSC NC) “KazMunayGas” (KMG) based in Kazakhstan. Prior to taking on the role of chairman, Mr. Mirzagaliyev held several senior government roles in the Republic of Kazakhstan, including Advisor to the President (January–April 2022), Minister of Oil and Gas (2021–22), Minister of Environment, Geology and Natural Resources (2019–21), Vice Minister of Energy (2014–19) and Vice Minister of Oil and Gas (2013–14). Prior to serving in the government, Mr. Mirzagaliyev held several roles in industry, including Deputy Chairman of the Management Board for Innovation-based Development and Service Projects (2012–13), Managing Director (2010–12) and General Director of TenizService LLP (2007–10) at JSC NC KMG. Previously he held roles as Business Development Manager, Production Operations Manager - Head of Aktau Branch at MI Drilling Fluids International from 2004 to 2007 and Drilling Fluid Engineer, MI Drilling Fluids International (Schlumberger), at the fields of Tengiz and Western Siberia from 2001 to 2004. Additionally, Mr. Mirzagaliyev has been awarded the Qurmet order (2021), Yeren Yenbegi ushin (2014), Kazakhstan Tauelsizdigine 25 zhyl (2016), For the Contribution to the Creation of the Eurasian Economic Union II degree (2015) and For the Contribution to the Eurasian Economic Union Development (2019) medals.

Sessions With Magzum Mirzagaliyev

Monday, 6 March

  • 03:55pm - 04:35pm (CST) / 06/mar/2023 09:55 pm - 06/mar/2023 10:35 pm

    The Restructuring of Energy Markets

    The oil market has been radically transformed over the past year. Oil is priced based on its origin and not just its quality. Trade flows have been fundamentally altered. The G-7 price cap is an effort to regulate the price at which third parties buy Russian oil. And at the same time, a major geopolitical story of our time—the US-China rivalry—continues to unfold and reshape investment, supply chains, and trade flows. EV sales are growing and climate concerns are driving aspirations to reduce oil consumption in major markets. How do these factors impact the future of oil investment, OPEC+, and how the oil market will function in the years ahead?