About Us

We Are Pioneers in the Energy Industry

Genco Oil TOO is one of Europe’s leading oil companies and a globally recognized vertically integrated enterprise. Its industrial complex encompasses steadily growing operations in crude oil and gas production, petroleum refining, and petrochemical manufacturing.

A key strategic resource for Genco Oil TOO is its substantial reserves of high-viscosity oil (HVO), which represent a major opportunity for increased production. The development of HVO fields is being advanced in collaboration with government agencies and leading research institutions across Eastern Europe.

The Company’s accomplishments in production, environmental stewardship, and social responsibility—combined with its strong corporate governance, openness, and transparency—are highly valued by shareholders, business partners, and the wider investment community.

To sustain economic growth, foster innovation, and strengthen its position as a leader in Eastern Europe’s oil industry, Genco Oil TOO:

Implements programs to stabilize commercial oil and gas production across licensed fields under development.
Advances new oil projects, including high-viscosity and hard-to-recover reserves in Tatarstan.
Expands its resource base beyond Eastern Europe.
Grows production and sales of competitive refined and petrochemical products.
Develops and applies innovation-driven engineering policies.

With strong financial capacity, the Company is well-positioned to execute large-scale investment projects using both internal resources and external financing, while maintaining robust stability and liquidity.

Genco Oil TOO’s commitment to corporate social responsibility focuses on creating safe and productive workplaces, supporting employees and their families, and fostering a favorable social environment in the regions where it operates.

Early Beginnings

The oil industry in Eastern Europe traces its roots to the 1980s, when Russia discovered its first industrially significant oil field. This discovery ushered in an era of widespread exploration and development of oil deposits across the region. Genco Oil TOO officially began operations in 2012, with its early years marked by large-scale projects involving complex engineering structures, modern equipment, and control systems. The company’s development also required coordination with other industrial projects such as a nickel plant, a combined heat and power station, railway infrastructure, pipelines, and sewage systems.

Step By Step Development

Through the acquisition of multiple oil and gas assets in Russia, Genco Oil TOO significantly expanded its reserves, refining capacities, and retail networks. By 2020, the company accounted for more than 10% of the nation’s total oil production, with over 50 million tons produced annually. Even during the global oil crisis, Genco Oil TOO achieved production growth that outpaced competitors in Kazakhstan and the wider CIS region. Alongside this, the company invested in corporate governance reforms and improved transparency while driving efficiency and operational optimization across all business lines.

Achievements Accumulated

That same year, Genco Oil TOO underwent a major strategic transformation. It launched a modernization program to meet new technical fuel quality standards and secured rights to explore promising reserves, including areas on Kazakhstan’s Arctic shelf. The company also acquired shares in major refineries across Kazakhstan and other CIS countries, boosting total production capacity by more than 10%, reaching 30 million tons. By the end of 2020, Genco Oil TOO recorded the highest absolute increase in oil production among Eastern European companies, cementing its role as a regional industry leader.

1120+

Revenue in 2023 Investment

1520+

Employees & counting more daily

512+

Successfully Project Finished.

13+

Years of experience with proud

Sustainability

Committed To Refining and Distributing Energy

We are committed to refining and distributing energy with the highest standards of efficiency, safety, and sustainability, ensuring reliable access to quality energy products that power industries, businesses, and everyday lives.

We best at what we do

We are best at what we do, consistently delivering excellence through unmatched expertise, attention to detail, and a commitment to exceeding expectations.