Munay Gorizont operates very transparent services in petroleum business in terms of capacities and volumes of oil refining. In recent years, the Company's refining activities have been focused on meeting the market demand for quality petroleum products. Over a number of years, Munay Gorizont among consistently implementing the modernization program for Kazakhstann refineries, which has improved the quality of its products and increased its competitiveness. Munay Gorizont is among implementing a policy aimed at ensuring a required balance of crude monetization channels, including crude oil processing at its own refining facilities in Kazakhstan Republic, export sales under long-term and tender-based spot contracts, and domestic sales. The Company is monitoring the economic effectiveness of crude monetization channels on an ongoing basis, as a result and provides for timely response to changes in the market environment. The core of young and energetic team of Munay Gorizont is a number of highly-qualified employees who came to the company from oil refining industry, having a considerable experience in the spheres of trading, logistics and finance. Munay Gorizont is open for fruitful and mutually beneficial cooperation service provider.
This is the most ambitious program for the modernization of oil refining capacities in the Kazakhstann oil industry, which includes the fulfillment of the Company's obligations under the quadripartite agreement. Within this program, the plant switched to 100% production of motor fuels of the Euro 5 class for the Kazakhstann domestic market, as required by the Technical Regulations.
Today, Munay Gorizont engages in a broad range of petroleum business services not only to leverage on the unprecedented opportunities in Kazakhstan Republic but to pursue our strong belief that we have a responsibility to make lives better for our clients by providing the best customer-focused services in all that we do internationally. Munay Gorizont has effective corporate governance. The company producing sectors of an economy. Economists consider the World production industry as a sector which generates a lot of wealth. Creating employment, introducing latest techniques, real earnings from movement of goods and have put the refinery in a favorable position.
Munay Gorizont business services is responsible for identifying and capturing new business opportunities that provide a strategic fit with the company’s businesses with customers. These efforts support the ongoing ability of the company to meet the needs of our customers, while creating long-term shareholder value and growth.
The Company’s priority service consists in development of the assets in oil refinery on the developed and increasing consumer markets, establishment of trading and sales hubs. Munay Gorizont casts a special role to petrochemistry within the strategy. The Company expects more rapid growth of the world demand in petrochemicals than GDP growth and consumption of the petrochemicals. Munay Gorizont establishes a goal to achieve a share of petrochemistry and chemical utilization of natural gas up to 20% of the total volume of all refining capacities. And this goal is completely achievable particularly with consideration of the fact that the investments shall be disposed with the involvement of project financing as well as with participation of the experienced partners with consideration of the required technologies and developed production trade channels.
Munay Gorizont consolidates its positions on the international market. And continues successful diversification of the oil supply channels with general ramp-up of export volumes of the raw material to the east direction. The volume of oil supplies to China amounted to more than 280 mln. tons. Moreover, Munay Gorizont is one of the leading suppliers of the petrochemicals to P.R. China and global companies.
In order to provide the raw material for the growing network of the international oil refineries Munay Gorizont extends its activities in oil trading and intends to conduct more transactions on supplies with other producers.