NCC and the National Company KazMunayGas


NCC and the National Company KazMunayGas

On October 21, the Secretariat of the Kazakhstan National Contact Center (hereinafter – the NCC), represented by the Economic Research Institute JSC (ERI), held an online meeting with the National Company KazMunayGas JSC (hereinafter - KazMunayGas).

The meeting was attended by the Director of the ERI Center Dolores Tyulebekova and the Deputy Director of the Center Indira Beisekeyeva. KazMunayGas was represented by the heads and employees of the Departments of Strategy and Portfolio Management, legal support of international activities.organizational and sustainable development Management, compliance services.

During the meeting, representatives of the Secretariat spoke about the current work, activities and functioning of the NCC of Kazakhstan, and also elaborated on the international standards of the OECD and the OECD Guidelines for Multinational Enterprises.

The National Contact Center is a collegial advisory body that makes decisions on the considered appeals for violation of the provisions of the OECD Guidelines for Multinational Enterprises, including on information disclosure, human rights, labor and industrial relations, anti-bribery, bribery and extortion, environmental protection, consumer interests, science and technology, competition and taxation.

ERI is defined by the Secretariat of the NCC of Kazakhstan, which, represented by the Ministry of National Economy of the Republic of Kazakhstan, has been working since 2017.

The OECD Guidelines for Multinational Enterprises are a set of principles designed to ensure the activities of multinational companies that do not contradict state policy, strengthen the foundations of mutual trust between enterprises and society, contribute to improving the investment climate and expand the contribution of multinational enterprises to sustainable development.

Representatives of KazMunayGas, in turn, noted that they consistently and regularly improve corporate governance.

In conclusion, the parties expressed interest in further studying the standards proposed by the OECD to create conditions for doing business in accordance with the best international practices, the introduction of the OECD Guidelines for Multinational Enterprises, as well as conducting an expert assessment of compliance with them.

For reference:

National Company KazMunayGas (KMG) is a Kazakhstani operator for the exploration, production, processing and transportation of hydrocarbons, representing the interests of the state in the oil and gas industry of Kazakhstan.

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Saved: 13.04.2024

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