Sauat Mynbayev

Sauat Mynbayev
Chairman of the Management Board,
JSC “KazMunaiGas”

Sauat Mynbayev was born on November 19, 1962. He graduated from the Lomonosov Moscow State University as economist-cyberneticist in 1985 with a PhD in economics. He completed his postgraduate studies at the Lomonosov Moscow State University in 1988. He taught at the Almaty Institute of National Economy from January 1989 to February 1990. Sauat Mynbayev served as an Acting Associate Professor at the National Economy Planning Department of the Almaty Institute of the National Economy from February 1990 to November 1990.

In 1991–1992, he served as the President of the Kazakhstan Republican Construction Stock Exchange. From July 1992 to January 1995, Mynbayev held the position of First Deputy Chairman of the Board at Kazkommertsbank Joint-Stock Company. From January 1995 to January 1999, he served as the Deputy Minister of Finance, Head of the Treasury Department under the Ministry of Finance of the Republic of Kazakhstan (in addition to other duties), First Deputy Minister of Finance of the Republic of Kazakhstan in Almaty, First Vice Minister of Finance of the Republic of Kazakhstan, and Minister of Finance of the Republic of Kazakhstan.

From January 1999 to July 1999, he served as the Deputy Head of the Administration of the President of the Republic of Kazakhstan. He also served as the Minister of Agriculture of the Republic of Kazakhstan from 1999 to 2001. From May 2001 to May 2002, he held the position of President of the Development Bank of Kazakhstan CJSC. From June 2002 to June 2003, Sauat Mynbayev served as the Chief Executive Officer of the Caspian Industrial Financial Group LLP. From June 2003 to December 2004, he served as the Deputy Prime Minister of the Republic of Kazakhstan. From December 2004 to January 2006, he held the positions of the Deputy Prime Minister of the Republic of Kazakhstan and the Minister of Industry and Trade of the Republic of Kazakhstan. From January 2006 to August 2007, he served as the Chairman of the Board of Directors of Samruk Kazakhstan Holding for Management of State Assets JSC. Since August 27, 2007, Sauat Mynbayev has been the Minister of Energy and Mineral Resources of the Republic of Kazakhstan. He served as the Minister of Oil and Gas of the Republic of Kazakhstan from March 12, 2010 until July 3, 2013. Sauat Mynbayev is now the Chairman of the Board of Directors of the National Company KazMunayGas JSC.