Astana:Kazakhstan's national oil and gas company, KazMunayGas (KMG), and Austrian energy group OMV have engaged in discussions concerning potential expansion of their cooperation within the oil and gas sector.

According to Trend News Agency, the discussions occurred in Astana, involving KMG Chairman of the Management Board Askhat Khassenov and an Austrian business delegation led by Severin Gruber, Secretary General of Austria's Federal Ministry of Economy, Energy and Tourism.

The Austrian delegation included representatives from OMV AG, a company involved in oil and natural gas exploration and production, gas sales, oil refining, and the production of fuels and petrochemical products. During the meeting, the parties identified several promising areas for cooperation. These include the modernization of oil refineries, expansion of higher value-added petrochemical production, energy efficiency, industrial safety, and the introduction of new technologies and digitalization.

At the conclusion of the meeting, both sides expressed their readiness to expand mutually beneficial cooperation. OMV AG, a major international energy and chemicals company founded in 1956 and headquartered in Vienna, operates refineries in Austria, Germany, and Romania. Its exploration and production activities are focused in Northern, Central, and Eastern Europe, as well as in selected countries in North Africa and the Middle East. The company's chemicals division supplies products to more than 120 countries worldwide.