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Last issue special issue
#3 (147), June 2024
PETROCHEMISTRY AND OIL REFININGEditor❜s Note
Editor❜s Note
Traditionally, the June issue of the journal is dedicated to oil refining and petrochemicals. Just a couple of years ago, we were summarizing the nearly decade-long and finally completed Comprehensive Modernization Program of the oil refining industry. Today, it turns out, we are on the brink of another equally ambitious initiative.
Exclusive
Leadership Change at the National Company KazMunayGas
By decision of the general meeting of National Company KazMunayGas JSC shareholders, Askhat Khasenov was elected as Chairman of the company's board starting May 28, 2024. Simultaneously, he was elected as a member of the JSC's Board of Directors until the expiration of the term of the Board as a whole.
How Chevron Invests in the Diversification of Kazakhstan❜s Economy
Vice Minister of Energy of the Republic of Kazakhstan Alibek Zhamauov and Damon Thornburg, General Manager of Finance for Chevron Eurasia Business Unit and General Director of Chevron Direct Investment Fund Ltd. (CDIF), discuss the activities of CDIF in Kazakhstan in an interview with Petroleum.
Petrochemistry and oil refining
Experts from the Eurasian Development Bank Suggest Focusing on Small-Scale Chemistry
The Eurasian region can improve its position in the international division of labor. Currently, Eurasia produces only 2.1% of the world's petrochemicals, positioning the region as a supplier of raw materials (primarily crude oil and gas). However, there are all the prerequisites for transforming the region into a major global center for polymer production.
Modernization 2.0
In April of this year, the Ministry of Energy of the Republic of Kazakhstan announced plans to modernize three major refineries and a smaller bitumen plant. The Ministry of Energy's plans include increasing the country's total oil refining volumes from 18 mln to 27 mln tons per year, partly through projects to increase the capacity of refineries and, consequently, the depth of oil processing
Schneider Electric: Advanced Solutions for Kazakhstan❜s Oil Refining and Gas Processing
Yevgeniy Gritsenko, Director of Key Market Segments in Kazakhstan and Central Asia, Schneider Electric, answers questions from Petroleum.
Recently, Kazakhstan's oil refining and gas processing have gained significant momentum. What products and solutions does Schneider Electric offer for this sector?
Kazakhstani Polyethylene Finds Partners in Russia and China
The legal formalities for the "Polyethylene" project, which involves the construction of a polyethylene production plant in the Atyrau region, were completed in mid-April. The project is now moving into the implementation phase.
Tengiz – Flow Must Go On
During parliamentary hearings in the Senate earlier this year, Deputy Sagyndyk Lukpanov mentioned that the government had identified 17 projects aimed at creating high-value clusters in priority areas. After examining these projects, senators concluded that they were selected without proper consideration of infrastructure, energy resources, raw materials, markets, logistics, and state support.
Market of Bitumen Materials in Central Asia: Last Year❜s Results and Current Development Trends
In recent years, changes in the global geopolitical landscape have expanded opportunities for Central Asian countries to attract investment sources and develop trade relations. Investments in infrastructure, such as the construction and modernization of highways, railways, ports, and terminals, stimulate economic ties between Asian countries and their neighbors.
Decarbonization. Further Steps and Practice
We are in the midst of a transformation into a more environmentally conscious society, one of the key issues we face is how to deal with CO2 and limit global warming. On this path, besides capturing, transporting, using and storing carbon dioxide, to reduce a harmful impact of the industrial activities on the climate, it is vital that production processes themselves as well as final products become more sustainable and climate-neutral, widely implemented and used.
PetroKazakhstan in Support of Kazakhstan❜s Culture
A long-time partner of the company, the Almaty Choreographic School, named after Alexander Seleznev, celebrates its 90th anniversary.
A long-standing partnership connects the oldest educational institution in Kazakhstan, the Almaty Choreographic School named after A. Seleznev, celebrating its 90th anniversary this year, and PetroKazakhstan.
Oil Chronicles
Oil Chronicles. January 2024
Starting January 1, KazTransOil increased the tariff for pumping Russian oil through the Kazakhstani section of the TON-2 pipeline (Tuymazy-Omsk-Novosibirsk-2) by 21%, from $9.3 per ton (excluding VAT) per 1,000 km to $11.28 per ton. Within Kazakhstan, the pipeline spans 186.25 km, serving as a conduit for Russian oil deliveries to the Pavlodar Refinery and facilitating exports to China and Uzbekistan.
Oil Chronicles. February 2024
February 1, the Ministry of Energy of Kazakhstan, in collaboration with the National Chamber of Entrepreneurs Atameken and Kazakhtelecom, which acts as a single operator, launched a one-year pilot project for the labeling and tracking motor oils from producer to consumer.
Oil Chronicles. March 2024
South Korea, Asia's third-largest crude oil importer, did not receive any oil from Kazakhstan in February. Previously, the country was a regular buyer of CPC Blend, consuming an average of about 3-5 mln barrels per month over the past decade.
Forums
More than 2 thousand Industry Specialists Visited the Atyrau Oil&Gas and Atyraubuild Exhibitions
The 21st North Caspian Regional Atyrau Oil&Gas Exhibition and the north caspian regional construction exhibition – Atyraubuild completed in Atyrau.
For more than 20 years of its existence, Atyrau Oil&Gas exhibition has become the central meeting place for oil and gas industry specialists, providing a key platform for communication between representatives of government officials and leading market players.
Legislation
Labor Relations with the Head of a Legal Entity in Kazakhstan when Changing the Composition of Participants or Shareholders
In this article, we consider topical issues of legal execution of continuation or termination of labor relations with the head of a legal entity when changing the composition of participants or shareholders. We evaluate the action scenarios on implementation of the Kazakhstan legislation requirement to enter into a new employment contract or terminate labor relations with the head. The article also highlights certain legal risks for the parties to labor relations and ways to mitigate some of them.