Karachaganak Petroleum Operating B.V. (KPO) is a prominent oil and gas company based in north-west Kazakhstan, focused on the development and operation of the Karachaganak field, one of the largest gas and condensate fields globally. The company is a joint venture among ENI SpA, Shell plc, Chevron, Lukoil, and KazMunaiGas, operating under a Final Production Sharing Agreement with the Republic of Kazakhstan until 2038.

KPO extracts, processes, and exports crude oil, natural gas, and condensate through advanced technologies, including a high-pressure sour gas injection scheme. The company operates a refinery that produces high-quality petroleum products and cleaner natural gas, adhering to international standards. KPO plays a vital role in the local economy, having invested around $400 million in infrastructure projects in the West Kazakhstan region. With nearly 3,000 employees, KPO aims to lead the industry by delivering innovative energy solutions while contributing to sustainable development and reducing carbon emissions.