National Company "KazMunaiGas" is Kazakhstan's national operator for exploration, production, refining and transportation of hydrocarbons, representing the state in Kazakhstan's petroleum sector. KMG's founding party is the Government of the Republic of Kazakhstan represented by the State Property and Privatization Committee of the Ministry of Finance of the Republic of Kazakhstan. KMG's shareholders are the Fund (90%) and the National Bank of the Republic of Kazakhstan (10% + 1 share). Kazakhstan ranks 12th worldwide among the holders of proven oil and gas condensate reserves, 22th - in terms of natural gas reserves, and 17th - for oil and gas production. JSC NC "KazMunaiGas" accounts for 28% of the total crude oil and gas condensate production volume in Kazakhstan and 16% of natural and associated gas, provides for 65% of oil transportation through trunk oil pipelines, 77% of oil transportation with tankers from the port of Aktau, and 95% of natural gas transportation through trunk gas pipelines, processes 82% of the Kazakh crude oil with the retail oil product market share of 17%.