Serik Sultangaliyev: KazTransGas faces the future confidently
Kazakhstan gas transportation company KazTransGas is engaged not only in hydrocarbons transportation and ongoing reconstruction of the gas transportation network. The experience gained and sufficient financial resources available to the company enable it to consider the projects of construction of gas turbine plants and to make plans for forming the liquefied gas market and for construction of the pipeline to China, one of the most impressive and large-scale projects not only within KTG, but the country, as a whole. We request the general director of KazTransGas JSC Serik Sultangaliyev to impart to the O&G readership about the company’s current projects and long-term plans. details >>
Karachaganak: the project development is restrained
by gas utilization
West-Kazakhstan oblast is one of the leading ones in the field of national oil and gas projects. There is located the world biggest Karachaganak condensate field. Increase in the production in Karachaganak is restrained by a problem of disposition of rising volumes of oil well gas. Akim of the oblast, Nurgali Ashimov, tells the readers of Î&G magazine about steps are taken by Kazakhstan in order to solve this problem. details >>
Caspian Infrastructure Projects
Investments in development of the Kazakhstan sector of the Caspian Sea is growing fast. In 2003-2005 there were $3.8 bn invested. Investments are expected at $12.9 bn in 2006-2010, and in 2011-2015 they will exceed $16.8 bn. Future developing of giant Caspian resources demands large-scale infrastructure projects. details >>
KMG purchased PKZ and Kazgermunai
According to Vice-President of KMG Zhaksybek Kulekeyev, $2.8 bln were spent for the implementation of major investment projects during the last 3 years. In 2006 KazMunaiGas intends to spend $4 bln for the implementation of investment projects. Among the financed projects the purchase of 8.33% interest in the North-Caspina project. The amount of this transaction is $13 mln. details >>
New Horizons of KazMunaiGas EP
KazMunaiGas Exploration and Production, thanks to the interrelationships with KazMunaiGas, enjoy a right of first refusal when selling contracts of inshore exploration and production of oil and gas and likewise priority of getting rights to inshore oil and gas sites uncovered by licenses. The company has an easy access to export pipelines. details >>
LUKOIL hopes to have favorable conditions
LUKOIL annually plans to produce 10-12 bln cubic m of gas and 10-12 tonnes of oil in Kazakhstan and Central Asia, Leonid Fedun, vice-president of the company said. According to him, the company would locate abroad up to 25% of production and up to 30% of oil processing, which would allow earning by 25-30% more than in the location of production in Russia. details >>
BG Group in Kazakhstan
Leading operator of Karachaganak oil and gas condensate field and a shareholder of Caspian Pipeline Consortium, that links reserves in Kazakhstan with the world markets, BG Group has been active in Kazakhstan for about 12 years. Today BG Kazakhstan is involved in the variety of social programs, preferring to work on environmental and educational projects. details >>
Learn Learning - the Slogan is in Fashion Again
KPO invests several million dollars annually into the professional training and the development of personnel. The company plans to increase its number of Kazakhstani managers to 40% by 2008. During the construction and infrastructure development stage, production processes were managed by specialists from parent companies, but with the transfer to the operational stage, a team is being formed that includes Kazakhstanis. details >>
PNSK: Our opportunities are at your disposal
PO PNSK has been working on the market of equipment for gas stations for 15 years already. During this period of time the company managed to elaborate the optimal technology of the manufacturing of the products, that allows it to provide the customer with definite volumes, observance of the target dates and, of course, financial transparency of the project. The director general of ZAO PO PNSK Vladimir Stigar told us about the main principles of the manufacture and advantages of serial gas stations. details >>
LEGISLATION
The State’s Pre-Emptive Right
There is a view that any pre-emptive right in any company, and not merely the State’s pre-emptive right in the case of a subsoil user, materially devalues the value of any company and any shares in it. The theory goes that by granting pre-emptive rights in a company to one shareholder and another, and perhaps also to the company itself, this by nature devalues such shares in that they cannot be freely sold on the open market - assuming there is a market. details >>
Transfer Pricing Issues in Kazakhstan
In Kazakhstan transfer pricing is controlled by the Law “On the State Control of Transfer Pricing”, which was adopted five years ago. As taxpayers have come up against many issues and disputes due to the provisions of the Law, the Tax Committee is currently developing a new draft Law of the Republic of Kazakhstan “On the State Control of Transfer Pricing” details >>
ENVIRONMENTAL
Sulfur may help reduce the greenhouse effect
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, General Director of CaspiEcology Environmental Services. Comments to: GZelt@ecocentre.kz details >>
Environmental Code: a push to radical reforms
The draft Environmental Code was recently produced for consideration to the Parliament. The work over one of the principal laws that defines the oil producing activities has been started several years ago. The environmental minister Nurlan Iskakov tells about the principal provisions of the Code and how its adoption will affect the activities of extracting companies. details >>
The Caspian Needs Government Protection
Presently, the Caspian waters submerge about 200 abandoned wells, but if the sea level rises, the number of watersealed wells can come to about 1,500. The well covers are not capable to stand the impact of aggressive seawaters over a long period of time. The most dangerous thing is that it is difficult to foresee which of 1,500 wells may leak first. These wells were operated more than a half century ago, and from that time they have not been inspected for their safety. details >>
