One of the fastest-growing commodities trading operation in Kazakhstan which includes best in class execution team with decades of local and international experience reaching over 10’000 tons of crude oil traded in first year of operation (2021).

Group is expanding to trade across a range of physical commodity sectors including energy, agriculture and metals, both within Kazakhstan and cross-border.

The only commodities house that provides working capital and supply chain finance to local upstream counterparties and trades with and structures finance for smaller and under-funded producers and processors in the oil & gas, mining, chemical and agricultural commodities sectors.

Tengri Partners is either already active or currently developing and implementing:

  • Raw commodities (physical trading and logistics of crude oil for export, agriculture and metals).
  • Paper trading (tail-risk hedging operations for price exposures occasionally incurred in physical trades, inter-market and calendar spread basis risk trading in various commodities, selected independent speculative position trading in commodity and currency futures and other instruments based on fundamental global macro views).
  • Processes commodities (arbitrage use of underutilized processing capacities within the region)
  • Structured and trade finance (supply chain finance, leasing, factoring).


Marat Mendybayev

Head of Institutional Securities

L+7 727 311 51 22