November 7, the Chairman of the Board of the national company KazMunayGas Sauat Mynbayev commented on the Paradise Papers offshore scandal. "At the moment, I am not a shareholder at Meridian Capital”, noted in response to a request of Interfax-Kazakhstan.
On November 6, the international consortium of investigative journalists published so-called Paradise Papers - documents relating to offshore companies, associated with many political figures from different countries. According to the publication of the consortium, Mynbayev is a shareholder in Bermuda-registered company Meridian Capital Ltd.
The North Caspian Project is the first large project of offshore oil and gas field development in Kazakhstan. The giant Kashagan field is one of the largest oil fields discovered in the last four decades. Its recoverable reserves are approximately 9 to 13 billion barrels (1 to 2 billion tonnes) of oil.
I assumed my role as Vice President and Country Chair for Shell in Kazakhstan in September last year. I would like to note that I am very familiar with the CIS region, as prior to this appointment I was overseeing Shell’s business in Russia for almost four years.
The national operator of the Republic of Kazakhstan in the field of gas and gas supply - Joint-stock company KazTransGas - from year to year demonstrates effective corporate governance and the growth of shareholder value by ensuring the protection of investors and implementation of the interests of the sole shareholder – NC KazMunayGas JSC.
Magzum Mirzagaliyev, the Energy Ministry: By the End of Year Domestic Market Demand for Oil Products Will be Fully Satisfied
The large-scale reconstruction of three domestic refineries has been completed. Deputy Minister of Energy Magzum Mirzagaliyev told about the role of modernization and prospects for expanding the production capacity of the plants in an interview with Рrimeminister.kz.
Award-winning technology for deepwater exploration. Inegrates with seismic data to assist with determining pre-drill subsurface hydrocarbon presence. Uses environmentally-frendly low-electromagnetic waves.
One of the topical problems of wells safe operation is the flow behind the casing. This phenomenon poses a threat to the wellhead pressure loss, casing integrity damage, blowout, cratering, emergence of formation an anthropogenic deposits.
At the present stage of the oil industry development one of the main tasks is to maintain the current level of oil production. This problem is solved by increasing the volume of drilling, as well as through the intensification of the work of the old production wells at the fields.
TCO Future Growth Project - Wellhead Pressure Management Project is the next expansion of the Tengiz oilfield. This is a project of national significance which will make great contribution to the economy of Kazakhstan.
Russian Export Center (REC)offers a wide financial and non-financial support to Russian exporters in order to promote their hi-tech innovative products to the foreign markets.
Information and Analytical Center of Oil and Gas Joint-Stock Company (IACOG) is a 100% state-owned company that performs the state function to monitor the oil and gas industry of the Republic of Kazakhstan.
Modern Energy Efficient Approaches to Pumping Equipment for Reservoir Pressure Maintenance (RPM) Systems
In order to improve energy efficiency of pumping equipment for RPM systems, Nasosenergomash Sumy JSC together with HMS Group JSC conducts energy audits of pumping systems (PS) ...
Introduction of Compulsory Social Health Insurance (CSHI) in the Republic of Kazakhstan in 2019 is by far one of the most discussed topics among citizens of Kazakhstan. But professional insurance community, more specifically, health insurers, are concerned with the question: how already built system of Voluntary Health Insurance (VHI) will coexist with the newly introduced CSHIsystem? Saule Dzhundubayeva, DBA, Chairman of the Board of Directors of Kazakh Corporation of Health and Medical Insurance INTERTEACH JSC expressed her opinion to Petroleum Journal regarding that issue.
All permits in oil and gas industry may be conditionally divided into 2 major types: (а) contract or license for exploration and production of hydrocarbons and (b) permissions for activity and facilities related to exploration and production of hydrocarbons.
The Forum has attracted more than 130 local and international Engineering, Procurement and Construction (EPC) Services companies interested in establishing joint ventures, in addition to senior officials of the Republic of Kazakhstan Ministry of Energy, the Ministry of Investment and Development of the Republic of Kazakhstan, the West Kazakhstan Oblast Akimat, deputies of Mazhilis of the RoK Parliament, the PSA Authority as well as a number of non-governmental organizations such as National Chamber of Entrepreneurs ‘Atameken’ KazService Association, Kazakhstan Machine Builders Association and Chamber of Commerce of Kazakhstan-Italy (CCIK), UK Department of International Trade (DIT).