This is not yet mass flight of investors, but already is not a single refusal. The efforts of the Kazakhstan’s government on the development of riches of the Caspian Sea shelf do not yet bring desirable results: except for the large-scale Kashagan project the production from which is promised to start in March of the next year, other projects are skidded, while investors curtail their activity.
Possessing all necessary conditions, such as all-round support of the government, unprecedented tax privileges, a special economic zone (SEZ), accessible raw materials at a low cost and preferential credit financial resources from the state and from the banks of China and South Korea, the reanimated project for the construction of the gas chemical complex (GCC) on Northern Каrabatan again faces considerable difficulties.
One of the pillars of the State Program for Accelerated Industrial and Innovative Development being implemented in the republic by order of the head of state is the development of the Kazakhstani content in the industry. The experience of successful partnership of the national company KazTransOil with local suppliers of goods and services is numbering for many years.
New domestic gas pipeline will enable Kazakhstan to launc gas export to China and to install gas in the south of Kazakh stan as well. On August 1, 2012 Beineu-Shymkent Gas Pipeline LLP initiated fullscale installation of Beineu-BozoyShymkent main gas pipeline to link the gas-bearing regions in Western Kazakhstan to energy resource-hungry South Kazakhstan that imports gas from Uzbekistan.
Kazakhstan, which claims most of the Caspian shelf’s proven and estimated resources, is revising plans for its development. It has been two years since President Nursultan Nazarbayev signed a decree abolishing the failed 12-year state program to develop the Kazakhstan Sector of the Caspian Sea (KSCS), which began in 2003 (see “Missed Possibilities”, Petroleum, No. 2, April, 2011).
Sholpan Khaidargaliyeva, director of petrochemistry and technical regulation department of the Ministry of Oil and Gas of the RК, in an interview to Petroleum tells about the project for the construction of the integrated gas chemical complex in the Atyrau region
Why China? Companies from the Celestial Empire continue to press competitors on the market of equipment and service#4 (76), September 2012 special issue
The wind blowing through the mountain pipe of the Dzungarian Gates during the winter overthrows railway rolling stocks. The snow covers customs facilities up to the roofs. Beyond the range of the Tien Shan Mountains lies a vast country China. A tenuous thread – the Silk Road – hasn’t been torn in two thousand years.
At one of the key oil-fields in Kazakhstan, Tengiz, the shareholders of joint venture Tengizchevroil (TCO) are starting to implement a new large-scale project to expand extraction capacities - the Future Growth Project. It will allow the JV to increase production of hydrocarbons by more than 4 % in comparison to current indices.
Implementation of offshore projects in Northern Caspian (along with the North-Caspian project), geographically adjoining to the territory of the Atyrau region, remains on paper so far.
JSC KazMunayGas Exploration & Production (KMG EP), developing the fields in the Atyrau region, has faced the need to replenish resources. If at the Uzen field the signs of reserves’ exhaustion are only appearing, than the level of oil production from the majority of fields of revived JSC Embamunaigas is already on the last but one and last phase of exhaustion.
In late 2006 the first pages of the large-circulation Polish newspapers carried screaming slogans such as “Mazeikiu has been captured” or “Orlen is in the mouth of the Russian bear”.
On December 14, 2011, in Astana, in the presence of the Prime Minister of the Republic of Kazakhstan Karim Massimov, the ceremony was held of signing the Agreement on the Settlement of Disputes between the government of the RK and the consortium Karachaganak Petroleum Operating B.V. (KPO). The share of Kazakhstan in the Karachaganak project has reached 10 %.
The Zone of Inviolability
The position of Ak Orda is unambiguous, and it is legally reflected in the new legislation of the RK on subsoil use: it is not envisaged the conclusion of new PSAs in Kazakhstan
Sustainable development means not just the provision of the country’s forward movement; it is a whole complex of measures in which exploitation of natural resources, creation of new sources of growth, development of personality and institutional changes in the society are harmoniously coordinated with each other. For the western region of Kazakhstan, the investments of the international consortium Karachaganak Petroleum Operating B.V. (E^PI^), developing the Karachaganak oil and gas condensate field, promote the sustainable development in such understanding.
Preparations for the launch of commercial extraction at the Kashagan field is proceeding to plan, production is to begin on schedule, this was announced by Umberto Carrara, managing director of Agip KCO, which is responsible for implementing Phase I of the North Caspian Sea Project.
History of oil wealth development in Kazakhstan started one hundred twelve years ago, in 1899. Today oil production is a basis of the fast developing economy of Kazakhstan.
Tengiz oilfield is a true national heritage of Kazakhstan.It was discovered in 1979 and was put into operation in 1991. More than 30% of total Kazakhstani oil production volume is produced here.