Our History
A journey of innovation and growth since 1996
CEO's Message
"At Temirlan-Oil, our unwavering commitment to innovation, integrity, and global partnerships drives us forward. Over the years, we have expanded our international footprint, forging alliances that leverage our core strengths in oil refining, petrochemicals, and project development. We stand poised to meet the growing global demand for energy resources, always maintaining the highest standards of quality and sustainability."
— M. D. Orazbayev, General Director
Our Vision & Mission
Vision: To become a global leader in innovative energy solutions, fostering sustainable growth and prosperity for communities worldwide.
Mission: Through strategic investments, responsible resource management, and cutting-edge technology, we aim to deliver premium-quality energy products while consistently exceeding stakeholder expectations and contributing to regional economic development.
Introduction
Open Joint-Stock Company "Trading and Industrial Company 'Temirlan-Oil'" was founded in 1996 to pursue active business operations in the energy resources market. From its inception, the company has focused on refining crude oil and gas condensate, as well as marketing petroleum products—all under valid licenses and permits. Over time, Temirlan-Oil established permanent representations in the Tyumen region (Russia), Sharjah (UAE), and Urumqi (China), facilitating the supply of petroleum products around the globe.
About Temirlan-Oil
In 1998, prompted by severe fuel shortages in the Kyrgyz Republic, the company was re-registered in the "Maimak" Free Economic Zone (SEZ) of the Kara-Burin District, Talas Region, Kyrgyz Republic. All core assets were subsequently relocated there. Notably, the "Maimak" SEZ itself was established under the initiative of the General Director of JSC "TIC "Temirlan-Oil".'"
Today, JSC "TIC "Temirlan-Oil" operates as a low-tax enterprise registered in the Kyrgyz Republic. With government support, the company oversees a range of development projects centered in the Maimak SEZ. The SEZ General Directorate has leased a 41-hectare plot (for 99 years, extendable up to 500 hectares) to the company for building various strategic facilities.
Major Projects & Investments
Our project portfolio includes:
- Construction of a feeder oil pipeline from Shymkent to the SEZ "Maimak";
- Construction of an oil refinery (3 million tons per year, up to 96% refining depth, IRR 37%, payback ~3 years);
- Construction of a petrochemical plant as a technological extension of the refinery;
- Construction of a 5 MW gas turbine thermal power station;
- Exploration and development of the Jerooy gold deposit, confirmed reserves of 910 tons, approximately 499 tons recoverable, with an extraction grade of 17.5–21 grams per ton;
- Construction of a grain elevator, an agri-processing facility, and a feed plant;
- Construction of supporting infrastructure objects.
The total investment cost of these projects is estimated at about €2.5 billion. This figure is included in the national development plan of the Kyrgyz Republic.
SEZ "Maimak" Advantages
Developing and expanding the "Maimak" Free Economic Zone provides numerous advantages for subsequent business activities in the region:
- No corporate income tax
- A single tax rate of 1% on turnover
- No seasonal moratorium on petroleum product exports
- Zero VAT on imported equipment, goods, and materials intended for use in the SEZ
- A 0.15% customs duty for all HS-codes entering or leaving the SEZ
- Ability to open bank accounts abroad without special permissions from the National Bank of the Kyrgyz Republic
Financial & Insurance Structure
To secure financial and political risks for investments in Maimak SEZ development, JSC "TIC "Temirlan-Oil" together with the Royal School of Mines (UK) and Deutsche Pfandbriefbank (PBB), developed a special securitization scheme based on the Jerooy gold deposit. European and American funding sources and insurance companies have been arranged to structure financing. Moreover, to facilitate financial flows and optimize taxation, the company acquired "Interinvest PLC" in London and "Temirlan Development GmbH" in Germany.
As per our existing agreements, all risks are insured by AIG Lloyd. Highly experienced specialists and technologists from Russia, Kazakhstan, and Germany are involved in the project's development and implementation.
Partnerships & Investors
Over the course of its active operations, the company has established numerous partnerships in both industrial and financial sectors among companies worldwide.
Currently, JSC "TIC "Temirlan-Oil"'" is interested in collaborating with minority or venture investors to accelerate the financing of projects within the Maimak SEZ. Such collaboration may include direct participation in concluding transactions with principals and executing related investment processes.
Our Journey
Company Founded
Established as an active business in the energy resources market.
Re-registration in SEZ Maimak
Relocated base assets to the Special Economic Zone "Maimak" in the Kyrgyz Republic.
Launch of Major Projects
Started developing multi-sectoral projects for SEZ Maimak with government support.