China Waiting for Kazakhstani Oil
Construction of the first phase of a transnational pipeline Atasu-Alashankou is planned to complete until the end of this year. Intensively developing economy of the People's Republic of China will get an additional source of oil and Kazakhstan an additional export route and profit from oil sales. Vice-President of PetroChina International (ChinaOil) Liu Zhongqiu told in the interview to Oil&Gas magazine on how the Chinese side views the prospects of cooperation between the two countries and how it gets ready to receive Kazakhstani oil. details >>
India Starts Projects on the Caspian
The market of the South-Eastern Asia dynamically developing over the last years requires search for new ways of energy resource imports. India can be referred to the countries experiencing shortage of hydrocarbon raw materials. Aspiration of the government to satisfy the country's growing demand for energy carriers dictates the search for foreign oil and gas exporters of. As a country holding huge energy resources Kazakhstan can become a reliable and long-term partner for India. The Extraordinary and Plenipotentiary Ambassador of India Mr. Ashok Kumar Mukerdji tells about prospects of developing cooperation of the countries in oil and gas sphere. details >>
Ukraine is pushing on Russia through Kazakhstan
The Ukrainian Prime Minister Yulia Timoshenko announced that her government is looking for an alternative to Russian supplies of oil and consider the possibility of raw materials procurement in Kazakhstan. details >>
COMPANIES
KMG: Focus of Attention Petrochemistry
“Exploration Production “KazMunaiGas” has started to seriously develop a petrochemical line in its activities since the last year. The company plans to create “points of growth” of petrochemical industry in the Western Kazakhstan already by 2010 using associated gases from Tengiz and the Caspian shelf. details >>
Tengizchevroil: Develop a Project By Creating
Kazakhstan develops the country's natural resources along with foreign investors. One of the biggest joint ventures in the oil industry is Tengizchevroil partnership created in April 1993. According to the contract the amount of foreign investments comes to $20 bln. At present, TCO partners include NC KazMunaiGas (20%), Chevron Overseas Petroleum Inc (50%), ExxonMobil Kazakhstan Ventures Inc (25%) and LukArko (5%). details >>
On Kazakhstan content in oil and gas projects
Beginning from the current year, statistics reports are introduced for oil and gas enterprises on the purchase of goods, work, services, and the materials on the Kazakhstan content of oil and gas projects for 2000-2004 are prepared. In some reports the indicators of the Kazakhstan content stated by the companies are incorrect, this is especially true regarding the reports of major companies with participation of foreign investors. details >>
Koreans will develop Zhambyl
At the present time Kazakhstan-Korean cooperation passes to the new stage of development. On the threshold of the large-scale work on the Caspian Sea the Korean side displays great interest in offshore projects. The Korea and Kazakhstan has already executed an agreement on joint development of the Zhambyl structure located in the Kazakhstan sector of the Caspian Sea. Chief representative of KNOC in Kazakhstan Mr. Chang Sung Jin dwells on the prospects of the bilateral cooperation in the oil and gas sector. details >>
National Oil Money to Environmental Fund?
Concern for the environment has grown throughout the world since the 1960's when man first realized he may, in fact, be poisoning himself and the environment around him. Unfortunately it can be rather easy to ignore such concerns in the pursuit of necessary industrial development. This continuing column aims to support industries like oil and gas by providing insight on how to recognize, confront, and deal with environmental challenges in a manner that is most supportive to all life forms. Dr. George Zelt, Professor of Environmental Sciences Kazakh British Technical University and General Director of CaspiEcology Environmental Services. Comments to: GZelt@ecocentre.kz. details >>
LEGISLATION
Is It Necessary to Pay VAT on Royalty?
As is well known, royalty is the payment made by the subsurface user for the right to use the subsurface during production of minerals and processing of industrial formations. details >>
Issues of PSA Implementation in Kazakhstan
The existing agreements between the state, which is the owner of subsoil (as represented by the Government or national company), and a foreign company-investor, which are encountered in world practice details >>
