Kairgeldy Kabyldin is now appointed new President of KMG. Before this, he held the post of the Deputy Chairman of Board at the Samruk National Company. He has a reputation of a highly skilled professional and incredibly hard-working manager. details >>
Sauat Mynbayev: Major criterion is the commercial component
The Eurasian energy forum, annually held by the KazEnergy Association in September, is an important event in the oil and gas industry of the country. The participation of leading companies is a solid ground for establishment and development of mutually beneficial cooperation and it serves as a stimulus for further economic development of the republic. Preliminary conclusions of the last year have been made during the forum. This was the topic, presented by RK Energy Minister, Sauat Mynbayev, where he shared about the condition of the oil and gas sector of the republic details >>
Askar Batalov: The development of the Caspian continues
The implementation of a state program on the development of the Kazakhstani Caspian Sea sector is an important task for Kazakhstan. The discovery of significant reserves of oil and gas at KKSC builds the ground for new projects. Undoubtedly, the investors will be attracted in order to develop these resources. Considering growing demand and prices for energy resources, the Kazakhstani Caspian Sea shelf projects have become one of the most profitable investments of capital. Askar Batalov, RK MEMR Executive Secretary, tells us about how the state program of the Caspian Sea development is being implemented. details >>
Kanat Bozumbayev: KMG is expecting restructuring
In the near future, KazMunayGas National Company, a part of Samruk holding, is expecting significant changes. Today, many things are being said about its restructuring and that the company needs a long term development strategy. We asked Kanat Bozumbayev, the Chairman of the Board of Samruk Holding (Kazakhstani state assets management holding company), to share the details. details >>
KMG: Expansion is on going
The company’s aspiration to expand Kazakhstani assets and acquire foreign assets is explained by the intention to earn as much profit as possible. KazMunayGas NC President, Kayirgeldi Kabyldin, shares information on current projects and the future plans of the company for O&G readers. details >>
Nurtas Shmanov: KazTransOil keeps pace with time
Today, in the period of development of the promising Caspian shelf fields, Kazakhstan relies on important attention being paid to the development of the oil pipeline transportation in the republic. Considering geographic isolation of Kazakhstan from major world markets, this task is set among the priority goals. KazTransOil General Director, Nurtas Shmanov, shares about the export routes diversification projects. details >>
Gas pipeline to China: Everything is going according to plan
One of the most important vectors of KazTransGas investment activity is improvement of the gas supply system of Kazakhstan. In order to achieve the set goal it is necessary to rebuild and modernize regional gas pipelines. Meanwhile, KazTransGas also participates in the implementation of the gigantic Kazakhstan-China gas pipeline project, the construction of which will allow not only to transport gas to PRC, but also to supply gas to the domestic market of the republic. KTG General Director, Esenali Amanzholovich Usenov, shares detailed company plans with O&G readers. details >>
Kashagan: Project goes on
Agip KCO will remain the project operator till the commercial production commencement. Then the new scope of work will be shared between the project key participants, including KazMunayGas". details >>
Meridian Petroleum: On the threshold of a new project
The Meridian Petroleum Company is conducting negotiations with the government over the promising block, where Shell and Lukoil wanted to develop. The project, providing for large-scale operations, for the first time is planned to be implemented at the expense of Kazakhstan money.
Meridian Petroleum is a young company. But it is already distinguished by its steady development and the ambitious plans of the company’s management. In particular, its head, Baltabek Kuandykov, has the reputation of a skilled professional and talented manager. It would be enough to say that in the past the Nelson Resources Company managed by him effectively developed petroleum projects and successfully sold them later.
The company’s President, Baltabek Kuandykov, shares with us what Meridian Petroleum is engaged in today and what the company’s prospects for the future are details >>
Mertvyi Kultuk is transferred to the domestic investors
The consortium, constituted by the number of big private Kazakhstani banks (including Kazkommertsbank, BTA, Seymar Group) and several local companies, is being established to participate in the project. details >>
Oman sells its share in CPC
KMG is considering the possibility of buying the Oman’s stakes in ÑCPC and other oil and gas projects in Kazakhstan as well. details >>
KMG acquired the controlling stake in MMG
KMG has acquired only 51% shareholding in MMG, but not 70% as it was originally planned - the national company has a quite serious and intensive investment program. details >>
JV for Centralnaya to be established in 2009
A JV between LUKOIL, Gasprom and KMG for the Centralnaya structure development is likely to be established within the coming 1-1.5 years. Possibly, this will be a concessional agreement. details >>
The quality of oil leads to the quality of life
We have been observing impetuous transformation of the vehicle fleet and its constant upgrade. At the same time, we are not thinking of the fact that the quality of oil, possibly, should also change in order to meet the expectations of the vehicle.
Does the domestic vehicle fuel correspond to the modern demand? This was the topic of our conversation with Munay-Ecology Company President, Serik Baymukhanbetov. In Kazakhstan, Munay-Ecology Company represents the world leader of chemical production, BASF company, and works on upgrading the quality of domestic automobile fuel. details >>
Environmental Code: Together with the State Development
One of the main 2007 events was an approval of the Environmental Code established by the Ministry of Environmental Protection in order to bring current nature protection legislation into compliance with international requirements. The following representatives of the company CaspiEcology Environmental Services - Dr. George Zelt (GZ), General Director; Dr. Galina Artyukhina (GA) and Madi Kireyev (MK), Directors, were requested to comment on the comparability between the environmental requirements of the Republic of Kazakhstan and western countries and suggest how nature users may evaluate the Environmental Code as a whole. details >>
