The ownership structure of gas producer Sozak Oil and Gas, which plans to develop fields in the South Kazakhstan protected zone, has undergone sweeping changes: in the first half of 2026 its main owner sharply reduced its stake, while five new investors came into the equity. At the same time, the company's net loss grew almost 17-fold, to 1.1 billion tenge, infohub.kz reports.
According to the company's financial statements for the six months ended June 30, 2026, the Netherlands-based Sino–Science Netherlands Petroleum B.V., which previously controlled 49.2% of the shares, cut its stake to 12%. At the same time, the affiliated Sino–Science Netherlands Energy Group B.V. raised its holding from 7.859% to 10.495%.
The largest shareholder in Sozak Oil and Gas is now the new company Yongyou Technology Services Limited, which received 18% of the shares. The owners also include Global Petro Ventures Limited with 9.2%, Wisestrategy Capital Management Pte. Ltd with 4%, Summit Peak Capital Investment Pte. Ltd with 3% and Richfort Global Capital Management Pte. Ltd with 3%.
Singapore's Singapore Charter Power Pte. Ltd (17%) and Singapore Starlights Energy Investment Pte. Ltd (5.855%), along with Kazakhstan's Maten Petroleum JSC (10%) and Luck Gain International Limited (5.45%), kept their holdings. Ufirst Energy Group Limited's stake fell from 4.636% to 2%.
Yonyou Technology Services is China's largest provider of enterprise management software (ERP), cloud services and digital transformation solutions. Although it is registered in the Netherlands, it is Chinese investors who take part in oil and gas projects in Kazakhstan through Sino-Science Netherlands.
In the first half of 2026, Sozak Oil and Gas posted a net loss of 1.1 billion tenge, compared with 65.5 million tenge in the same period of 2025. The company's operating loss for the six months came to 72.08 million tenge (against 78 million tenge a year earlier). Foreign exchange losses reached 1.16 billion tenge (1,158,434 thousand tenge).
The company's total assets as of June 30, 2026 are estimated at 73.95 billion tenge. Of that, 68.16 billion tenge is accounted for by exploration and evaluation assets.
Earlier, the Ministry of Energy of Kazakhstan published a draft government resolution allowing Sozak Oil and Gas to produce gas at six fields: Asa, Kendirlik, Ortalyk, Oppak, Tamgalytar and Pridorozhnoye Yuzhnoye. All of them are located within the South Kazakhstan State Protected Zone. Under the law, mineral extraction on such land is possible only "in exceptional cases, on the basis of a government decision."