To increase
Archive
#1 (97), February 2016
Exclusive
Uzakbai Karabalin: ''We Believe in the Long-term Demand for Oil and Gas''
We believe in long-term demand for oil and gas, and Kazakhstan will enhance its capabilities to ensure the energy security of the world. Of course, no industry in the world’s economy can avoid bumps and a wide variety of different factors. Negotiations and constructive team-work help to overcome them with minimal losses in least possible amount of time.
Trends
Local Content in a New Format
From 2021, the local contractors with privileges will include the companies, which employ at least 50% Kazakhstani personnel. Therefore, now the Kazakh oil service companies are actively seeking for the foreign partners to create the joint ventures. In this case, the state support shall be provided to them.
Global Sale
The Strategy of the National Company KazMunayGas JSC on "building the muscles” by acquiring the assets, announced couple of years ago, nowadays is replaced by a no less active sellout due to low global oil prices.
The Issue’s Focus: Technology
Our Global Operations
As the world`s largest publicly held oil and gas company, ExxonMobil has a diverse and balanced portfolio of high-quality resourses, projects, and assets across our Upstream, Downstream, and Chemical businesses.
Space Technology at the Service of the Oil-industry
Coincidentally, that Kazakhstan is now actively involved in space exploration and seriously set about searching for new oil fields imbedded at great depths. What unites these two areas? As it turned out, space technology has long been used by oil and gas companies for geological exploration and to monitor the condition of pipe lines, as well as many other tasks. President of JSC "National Center of Space Research and Technology" Zhumabek Zhantaev told in an interview to the Petroleum not only about what outer space has to offer to the oil industry, but also about the work done in Karachaganak and Tengiz.
How to Improve the Effectiveness of the Industrial Equipment of Oil Producing Companies
To ensure the smooth operation of the equipment is one of the most important tasks for any industrial enterprise. Even a small unplanned stop of an industrial complex, caused by failure of equipment, can result in significant financial costs and environmental issues affecting the company, nature and people.