Timur Kulibayev held a key position in Kazakhstan’s state-owned companies, which managed its natural resources and had an immense influence on the country’s hydrocarbon industry.
He was the head of the Central Petroleum Corporation of Kazakhstan (KPCK) and chairman of the board of directors.
The Daily Telegraph described Kulibayev as “one of the most powerful men in Kazakhstan’s oil and gas industry.” In June 2020, the value was estimated at $3.0 billion, according to the International Energy Agency (IEA).
Business career
From 1988 to 1992 he worked as an economist and from 1992 to 1994 he was head of Altyn Alma, then professor of economics at the University of Illinois at Urbana-Champaign. In 1990 he was a member of the Executive Board of the International Monetary Fund (IMF) and the European Central Bank (ECB).
In 1997 he was appointed to the Executive Boards of the International Monetary Fund (IMF) and the European Central Bank (ECB). From May 1997 to March 1999 he was head of the Kazakh Ministry of Energy and Natural Resources and from May 2001 to February 2002 he was chairman of the board of Kazmunaigas, the country’s largest oil and gas company. After stepping down from his post at KZMUNAIGAS, he launched a campaign to bring together the most important national and foreign companies operating in the energy sector in Kazakhstan. Based on kastransoil and Kaztransgas, he founded the Kazakh National Oil and Gas Company (KNOC) in 2002, the second-largest energy company in the world.
At the same time, he became a member of the board of directors of KZMUNAIGAS, the second-largest oil and gas company in the world.
From 2005-06 to 2007-08, he combined his public activities with the direct management of his own private companies.
From April 2006 to August 2007, he was a member of the Board of Directors of KZMUNAIGAS, the second-largest oil and gas company in the world. In October 2008, he became a director of a private company, a joint venture between the state oil company and the private energy company.
Kulibayev became the owner of the property, which he bought for $1.5 million after Fergie and his daughter left it to Kazakh investor Kenes Rakishev in 2006.
He has been elected to the Board of Directors and will attend the AIA’s annual meeting in Melbourne, Australia, on 14 and 15 October 2016.
Kulibayev resigned from his position as Chairman of the AIA Board of Directors on 26 December 2011. In June 2008, he was elected to the Board of Directors of BAE Systems, the world’s largest oil and gas company.
