Of the fifteen KAZENERGY Forums held initially annually and then biennially, I have participated in fourteen. This gave me a firsthand view of how the agenda in the industry evolved over the years. Just a month ago in Astana, the milestone XV Forum took place, coinciding with Kazakhstan Energy Week—a highlight we discuss in this issue.
The official visit of Kazakhstan's President Kassym-Jomart Tokayev to China on October 17-18, 2023, proved to be immensely fruitful. During the visit, nearly thirty commercial documents and agreements were signed, with investment values estimated at $16.54 billion USD.
Arbitration Proceedings with Investors: What s at Stake? Kazakhstan is in Legal Disputes with Shareholders of the Kashagan and Karachaganak Projects
Several investors involved in the development of the massive Kashagan oil field in the Caspian have informed the Kazakhstan government of their potential recourse to international arbitration. This move comes in response to a $5 bln environmental fine imposed on them, as reported by Bloomberg, citing a source.
The offshore Caspian project, Kalamkas-Sea, Khazar, Auezov, agreed upon for joint implementation by KazMunayGaz and Lukoil, is expected to enter the project documentation phase in the fourth quarter of the current year, as revealed by the head of KMG, Magzum Mirzagaliyev. He noted that the procedures for forming the project operator, Kalamkas-Khazar Operating LLP, are nearing completion.
The Pivot of Gas Lines. For the first time, Russian gas flows The Pivot of Gas Lines. For the first time, Russian gas flows
On his 71st birthday, Russian Federation President Vladimir Putin celebrated on October 7 at his suburban residence, Novo-Ogaryovo, accompanied by the presidents of Uzbekistan, Shavkat Mirziyoyev, and Kazakhstan, Kassym-Jomart Tokayev. He greeted them in the new domestic off-roader, the Aurus Komendant, even offering a brief tour around the residence grounds.
Currently, Kazakhstan's oil and gas chemistry is in its formative stages. The republic has already established and operates a number of manufacturing facilities, including plants producing polypropylene, lubricants, gasoline additives, among others. On November 8, 2022, the head of state inaugurated one of the largest factories of its kind in the CIS countries – a polypropylene production plant located in the Atyrau region with an annual capacity of 500,000 tons. This state-of-the-art facility currently has the capability to produce up to 65 grades of polypropylene.
In Russia, it's often said that the two main challenges are fools and roads. In Kazakhstan's oil industry, however, the two most debated topics are oil refining and petrochemicals. Fuel shortages have now become a pressing concern, and the petrochemical industry has been in development since as far back as 2005.
June 1, KMG PetroChem (a subsidiary of KazMunayGas) and Tengizchevroil signed the principal terms of agreements required to implement the Gas Separation Complex (GSC) project. The GSC, with a capacity of 9.1 bln cubic meters of dry gas per year, will be constructed at the Tengiz field. The GSC is an infrastructure designed to produce ethane used as raw material at the polyethylene plant (the "Polyethylene" project).
July 1, Alibek Zhamauv was appointed as the Deputy Minister of Energy. Born in 1981 in Atyrau, he graduated from Suleyman Demirel University and Satpayev KazNTU. He began his career at Agip Kazakhstan Caspian Operating Co. and later worked at Zhambyl Petroleum LLP. Between 2019-2020, he was the head of the technical group of PSA LLP. Since May 2020, he has been serving as the Deputy General Director of PSA LLP.
1. Introduction: Embracing the Help of Google
The Earth and its abundant resources empower the people of Kazakhstan with a confidence in their future. However, the assurance doesn't only lie in the abundance of these resources, but also in their judicious utilization. Examples of both effective and ineffective resource management can be found not only within our country but also abroad.
AIFC versus National Legislation of the Republic of Kazakhstan: Incorporation and Registration of Legal Entities
nvestors considering the possibility of launching their businesses in Kazakhstan have been increasingly focusing on the attractive conditions offered by the Astana International Financial Centre (the "AIFC"). Over 6 years of activities of the financial centre, more than 2,000 organizations have been successfully registered with the AIFC. In most cases, investors opt for a "private company" (the "Private Company"), an organizational legal form of a newly established legal entity. As of today, there are 1,867 registered private companies.
In early October 2023, Astana traditionally became the energy capital of the Caspian region and Central Asia for a few days. From October 3rd to 6th, the EXPO Congress Center hosted the events of the now-established Kazakhstan Energy Week and the 15th Eurasian KAZENERGY Forum.