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#2 (116), April 2019 To increase

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#2 (116), April 2019

Politics

Transit. The Beginning

Transit. The Beginning

March 19, 2019, marked a new era in the history of independent Kazakhstan. At 7 pm, on national TV channels, the first President of the Republic of Kazakhstan Nursultan Nazarbayev announced his resignation. Voicing the decision of resignation, Nazarbayev said that he remains head of the Security Council of Kazakhstan, member of the Сonstitutional Council of Kazakhstan, Chairman of the Nur-Otan party and the Assembly of people of Kazakhstan, and also received the status of Elbasy — the Leader of the nation. According to the continuity of power in the country, he said, in case of early termination of the powers of the current President, his powers pass to the Chairman of the Senate before the end of the election term. The next day, the Speaker of the Senate Kassym-Jomart Tokayev took the oath as President. Dariga Nazarbayeva was elected the new Chairman of the Senate. 

Results of the Year

The Ministry of Energy Summed Up the Results of the Year

The Ministry of Energy Summed Up the Results of the Year

At the annual Board of the Ministry held in Astana, Minister Kanat Bozumbayev noted that last year the targets for each sector of the fuel and energy complex had been fully achieved and even exceeded. In 2018, Kazakhstan produced 90.36 mln tons of oil. Which is 4.8% more than in 2017 and 3.9% more than in 2018.

Caspian region

Tengizchevroil: 2018 in Review

Tengizchevroil: 2018 in Review

Over the past 26 years, Tengizchevroil (TCO) has risen to become a leader in Kazakhstan’s oil and gas industry. TCO produces oil, gas and associated products that fuel the modern economy and our history is interlinked with the rise of an independent Kazakhstan.

Caspian Hub

Caspian Hub

The shareholders of the North Caspian Consortium propose to create a hub based on NCOC, around which the development of other offshore fields will be concentrated

KazMunayGas: Transformation. Myth or Reality?

KazMunayGas: Transformation. Myth or Reality?

Today, not even all of the specialists and industry experts who are citizens of Kazakhstan can remember that the leading national state-owned company KazMunayGas has been going through "transformation" for five years. If we talk about ordinary people, then perhaps someone has heard about it inattentively, but the meaning of this very transformation was not clear or associated with large-scale layoffs.

Operators and Suppliers Met in Atyrau

Operators and Suppliers Met in Atyrau

The eighth annual Сonference Kazneftegazservice-2019, organized by the Kazservice Association of the service companies of Kazakhstan, was held in Atyrau. In eight years, the Сonference has become an influential platform, gathering in one room the heads of the largest oil and gas operators and their existing and potential contractors.

Sultan Palace Hotel Atyrau

Sultan Palace Hotel Atyrau

The hotel complex Sultan Palace Hotel is located in the new district of the city, 2 km from Atyrau International Airport. An airport shuttle can be arranged upon request. Free parking is provided on site, and free Wi-Fi is available.

Legislation

The Position of the Tax Authorities Prevents the Transition to the Terms of a Standard Contract for Subsoil Use

The Position of the Tax Authorities Prevents the Transition to the Terms of a Standard Contract for Subsoil Use

After the adoption of the new Code "On subsoil and subsoil use" (Code), subsoil users have the opportunity to update their obligations by switching to a standard subsoil use contract (SC). But they are in no hurry to do so because of the uncertainty of taxation.

Oil Generals

Kadyr Baykenov: «Tengiz has Opened the Way to Kazakhstan for Other Investors»

Kadyr Baykenov: «Tengiz has Opened the Way to Kazakhstan for Other Investors»

Kadyr Karkabatovich Baykenov, Chairman of the Board of the Confederation of employers (entrepreneurs) of the Republic of Kazakhstan, in the early 90s was the first Minister of Energy and Fuel Resources of Independent Kazakhstan. His name is associated with many important investment projects that laid the foundation of the country's oil and gas industry, such as the construction of the Tengiz-Novorossiysk oil pipeline, the creation of an international consortium on hydrocarbons prospecting in the Kazakhstan sector of the Caspian shelf, as well as the consortium on the development of the Karachaganak gas condensate field. But, perhaps, he considers many years of hard work, when he was one of the leaders of the negotiation group with Chevron to create a joint venture Tengizchevroil, to be the main milestone in his life. Why? He talks about this in an exclusive interview with Petroleum Journal.

Social Responsibility

Tailed Heaven: the Territory of Care and Warmth

Tailed Heaven: the Territory of Care and Warmth

The "Tailed Heaven" Public Fund is a non-profit organization, which brings together people who care for animals and work to improve their lives. It is a growing platform to bring systemic assistance to homeless dogs in need of it, where the place of each recovered pet that has found home is overtaken by a new one, followed by another.