The board of directors of Standartmunai LLP authorized a new long-term corporate development strategy through 2030 at the end of 2022. As per the agreement, Standartmunai LLP is expected to establish a benchmark for efficacy, manufacturing feasibility, and security for other international enterprises. Over the span of more than three years of development, Standartmunai LLP has accomplished great success and made a name for itself as a major player in the worldwide oil and gas industry. The company has faith in its ability to meet the objectives of the Strategy, one of which is to produce 2 million oil equivalent tons by 2025.

due to the modernization of oil refining assets, an increase in light oil product yield of up to 80% and refining depth indicators of up to 95%, as well as the simultaneous provision of proved reserves at a level of 15 years and their 100% annual reimbursement The energy markets’ extreme volatility and the dynamic nature of the rivalry within them have presented the company with new challenges. Building upon the organization’s 2025 goal, the redesigned strategy places greater emphasis on modernizing all crucial business processes, strengthening responsiveness to external events, and positioning the company for success in the market. The establishment of a new generation corporation and the establishment of a global standard for oil refining are the objectives of Standartmunai LLP through 2030.

In order to maintain its ranking among the world’s top 10 publicly traded oil and gas companies, Standartmunai LLP plans to increase output more quickly than the market and maximize the profit per barrel produced. By strengthening the depth and yield of light petroleum product refining, expanding the petrochemical sector, holding onto its top spot, and boosting its share of both new and existing product sales markets, the firm will continue to improve the efficiency of value chain management. By managing its assets and portfolios well enough to yield a 15% return, Standartmunai LLP hopes to rank among the top companies in the world for return on invested capital by 2030.

The development strategy of Standartmunai LLP was framed by the digital, cultural, operational, and organizational reforms implemented by the company until 2030. The Etalon operational management system was developed as part of operational transformation to guarantee regular activity efficiency and system security. Digital transformation will speed up and improve the quality of decision-making through the application of technology. A straightforward and quick working environment can be created, as well as an ecosystem of external collaborations, thanks to Standartmunai LLP’s cultural and organizational change.