Tenge Oil & Gas profit surges 14-fold to 2.8 billion tenge in 2025

August 25, 2026 at 06:42 PM2 min

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Tenge Oil & Gas reported a 2025 net profit of 2.8 billion tenge, up from 198.5 million tenge in 2024. Revenue rose to 37 billion tenge from 24.8 billion tenge a year earlier. The company is owned by China's ZPEC Holding through Kazakhstan's THG Holding.

Key Facts

Tenge Oil & Gas reported a 2025 net profit of 2.8 billion tenge, a 14.2-fold increase from 198.5 million tenge in 2024.
Revenue reached 37 billion tenge in 2025, up from 24.8 billion tenge in 2024.
The company paid 4.3 billion tenge for oil refining services in 2025, compared with 2.5 billion tenge in 2024.
Tenge Oil & Gas is fully owned by Kazakhstan's THG Holding, which is owned by China's ZPEC Holding.
The company's uncovered loss narrowed to 3.5 billion tenge at the end of 2025 from 6.3 billion tenge a year earlier.

Financial Performance

Tenge Oil & Gas reported a 2025 net profit of 2.8 billion tenge, a 14.2-fold increase from 198.5 million tenge in 2024. Revenue reached 37 billion tenge in 2025, up from 24.8 billion tenge in 2024. Sales of petroleum products generated 23 billion tenge in 2025, compared with 11.1 billion tenge in 2024. Crude oil sales brought in 14 billion tenge in 2025, up from 13.7 billion tenge in 2024. The company paid 4.3 billion tenge for oil refining services in 2025, compared with 2.5 billion tenge in 2024.

Ownership and Operations

Tenge Oil & Gas is registered in Zhanaozen, Mangystau Region, and is fully owned by Kazakhstan's THG Holding. THG Holding is owned by China's ZPEC Holding (Zhongman Petroleum and Natural Gas Group). The company's construction in progress was valued at 16 billion tenge at the end of 2025, up from 14.8 billion tenge in 2024. The Ministry of Industry of Kazakhstan previously stated that oil and gas reserves at the Tenge field will last for the next 24 years.