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#5 (137), November 2022

Editor s Note

Petroleum Council Accredits Petroleum Journal

Petroleum Council Accredits Petroleum Journal

On September 28, the certificate of accreditation was presented to the publisher of the journal Oleg Chervinskiy by the Director General of the Kazenergy Association Kenzhebek Ibrashev at the Kazakh-British Technical University in Almaty.

Exclusive

The Peak Oil is Not Yet Even on the Horizon

The Peak Oil is Not Yet Even on the Horizon

Kazakhstan is one of the leaders in the field of global energy security. Its role is significantly increasing now that the planet is experiencing a major energy crisis.

We all see that the world has been moving from one unprecedented event to another over the past two years. Markets had just begun to recover from the pandemic when Russia's invasion of Ukraine began. All this gave an impetus to a powerful restructuring of the energy paradigm.

SPE

Advanced Oil Heating Technologies Save Millions

Advanced Oil Heating Technologies Save Millions

The path to super-profits often lies not only in increasing revenue, but also in reducing costs and optimizing technological processes. This basic truth is often forgotten, betting on increasing production and sales. Meanwhile, only on one of the technological processes - heating of the oil emulsion - far-sighted companies achieve a huge economic effect.

From the Bottom to Up

From the Bottom to Up

For a long professional practice in the oil and gas industry in various positions, I have developed a certain daily routine for assessing the situation - barrel price, KZT/USD exchange rate, Bloomberg news feed, and so on.

Kazakhstan Petroleum Lawyers’ Association

Kazakhstan Petroleum Lawyers’ Association

Kazakhstan Petroleum Lawyers Association (KPLA) is an independent public organization uniting Kazakhstani and foreign lawyers, scientists and experts of the petroleum industry of the Republic of Kazakhstan.

AI in Petroleum Industry: the Current State and the Future

AI in Petroleum Industry: the Current State and the Future

Dr Shahab D. Mohaghegh, a pioneer in the application of Artificial Intelligence and Machine Learning in the Exploration and Production industry, answers Arman Mukhamedyarov’s questions

Expertise

KazMunayGas IPO: is it (Already) Not the Time?

KazMunayGas IPO: is it (Already) Not the Time?

By December 10, the National Welfare Fund Samruk-Kazyna intends to hold an IPO of the national company KazMunayGas. The order book will open in early November, which is when the price of the stock will be known. To date, the book value is 14,325 tenge, but the organizers promise a discount. It will not be people's IPO, as it happened, for example, with KazTransOil ten years ago, but the shares will primarily be sold to citizens of Kazakhstan and institutional investors, and what will remain for foreign investors.

Forums

Fruitful Meetings in Almaty at KIOGE-2022

Fruitful Meetings in Almaty at KIOGE-2022

The 28th Kazakhstan International Oil and Gas Exhibition and Conference KIOGE-2022 was held in Almaty. For three days, from September 28 to 30, 196 oil and gas companies from all over the world shared their best practices, technologies, and discoveries for the oil and gas industry.

The Youth Forum of the World Petroleum Council Was Held in Almaty

The Youth Forum of the World Petroleum Council Was Held in Almaty

From September 29 to October 2, the VII Youth Forum of the World Petroleum Council was held at the Kazakh-British Technical University (KBTU). The event participants – industry experts and young specialists – discussed the topics of the energy transition, prospects, and future challenges for the global oil and gas industry. 

KPO Took Part in «WestKazInvest-2022» International Investment Forum

Karachaganak Petroleum Operating B.V. (KPO) took part in «WestKazInvest-2022» International Investment Forum, which was organized by the West Kazakhstan Oblast Akimat.

Legislation

Review of the Upcoming Changes in Kazakhstan Tax Code: Cancellation of Dividend Tax Exemption and Limitations on Deductions for Related Non-Resident Supplier

Review of the Upcoming Changes in Kazakhstan Tax Code:  Cancellation of Dividend Tax Exemption and Limitations on Deductions for Related Non-Resident Supplier

Review of the upcoming changes in Kazakhstan Tax Code: cancellation of dividend tax exemption and limitations on deductions for related non-resident supplier

Separate Issues of Transition to Low-Carbon Economy: View of a Petroleum Lawyer

Separate Issues of Transition to Low-Carbon Economy: View of a Petroleum Lawyer

Climate changes present an extraordinary global issue beyond national borders. This issue requires adoption of coordinated decisions at all levels and carrying out global cooperation to help countries’ transition to low-carbon economy.