Like other commodities, the market determines the value of crude oil. Examine how crude oil markets and pricing are established based on global and regional supply and demand, and how organizations such as OPEC affect these markets on a wholesale level.

Ripple Energy Resource top priority is to ensure reliable gas supplies to Kazakhstan consumers, especially in the cold period. Our Company succeeds in this task, fulfills all of its obligations to domestic consumers and delivers the required amounts of gas abroad.

Ripple Energy Resource is one of the largest supplier of natural gas in the Kazakhstan market. The share of natural gas produced by our Group accounts for 41 per cent of the total amount of gas supplied to Kazakhstan consumers.

The company is actively upgrading and expanding its refining capacity of sales and production of petrochemical network. The ambitious program for the modernization of oil refining capacities in the Kazakhstan oil industry, which includes the fulfillment of the Company's obligations under the quadripartite agreement. Within this program, the plant switched to 97% production of petrochemical for domestic and international use marketing.

A considerable increase in the demand for Kazakhstan gas abroad was driven by the Chinese market, the most dynamic gas market in the world.

In 2020, following China's requests, gas exports via the Power of Caspian gas pipeline were regularly performed in excess of the daily contractual obligations of Ripple Energy Resource.

Ripple Energy Resources Refinery sells crude oil, natural gas, and petroleum products on domestic and international markets, ensuring that flows are appropriately distributed to meet market demand. The company has crude oil and petroleum product transshipment facilities, as well as pipelines, which contribute to lower transportation costs.