On September 1, President Kassym-Jomart Tokayev announced a Message to the people of Kazakhstan in Parliament. In the economic block of his address, he stated the need to stimulate private entrepreneurial initiative and move away from state capitalism and excessive state intervention in the economy, proclaiming a course for the development of competition as ensuring equal opportunities for all. According to him, the state will gradually abandon pricing regulation in all industries and spheres, except for non-competitive markets.
Li Yonghong, CNPC Vice President for Central Asia and Russia, General Director of CNPC in Kazakhstan, answers Petroleum's questions.
– Dear Mr. Li Yonghong, first of all, let us congratulate you on a significant date – the 25th anniversary of the CNPC Corporation in Kazakhstan. With the arrival of CNPC in our country in 1997, comprehensive cooperation between Kazakhstan and China in the oil and gas sector began.
The geopolitical situation in the world that changed after February of this year has created new risks for Kazakhstan's oil and gas industry, which has just begun to recover after the Covid crisis of 2020-21.
On June 9, the 34th plenary meeting of the Foreign Investors' Council was held in Nur-Sultan under the chairmanship of the President of Kazakhstan, Kassym-Jomart Tokayev. The event was attended by heads of major multinational companies operating in Kazakhstan, heads of government agencies, and representatives of international organizations. The meeting agenda included issues of decarbonization of the Kazakhstani economy and the introduction of low-carbon technologies.
Tengizchevroil LLP has officially notified that starting June 1, 2022, after almost 21 years of outstanding work and 12 years as General Manager of Policy, Government, and Public Affairs (PGPA), Rzabek Artygaliev has decided to take a well-deserved rest.
The national company KazMunayGas announced its operating results for the first quarter of this year. It is obvious that the activities of the national company were greatly influenced by the January events and their consequences and the changed geopolitical situation after the outbreak of hostilities in Ukraine.
According to the estimates of the reputable consulting company IHS Markit, presented in the National Energy Report of 2021, as of the end of 2020, the residual proven and prospective (2P) oil reserves in Kazakhstan amounted to 26.5 bln barrels (about 3.44 bln tons). At the same time, their volume did not change significantly compared to the estimate for 2019 since no large fields were discovered during this period.
In September 2021, gas prices in Europe soared to a historic high, showing everyone how much this type of fuel is in demand by consumers in Europe today.
During the XIV Eurasian KAZENERGY Forum in Nur-Sultan, the 5th National Energy Report (NER) was presented – a comprehensive document on the current state and prospects for the development of Kazakhstan's energy industry.
The autumn political season in Kazakhstan has started with personnel changes in the Government and at the local level. In early September, the country replaced the Ministers of energy and ecology and the mayor of one of the main oil-producing regions – the Mangystau region.
Mikhail Smirnov, Doctor of Political Sciences, Chairman of the Russian-Kazakh Business Council (on the part of the Russian Federation), President of the EnergoInnovatsia Association of Innovative Enterprises in the Energy Sector, answers the questions of Petroleum
In 2021, it is planned to launch an International Centre for the Development of Oil and Gas Engineering and Service in Kazakhstan. Vice-Minister of Energy of the Republic of Kazakhstan Zhumabay Karagayev told about how the centre will work and its tasks.
Exclusive interview of Shell Kazakhstan Country Chair, Mr Olivier Lazare, who will leave his position soon, for Petroleum Journal.
Beket Izbastin, General Director of PSA LLP, the authorized body in production sharing agreements, answers questions from Petroleum
Edwin Blom, General Director of Karachaganak Petroleum Operating B.V. (KPO), in an exclusive interview with Oleg Chervinskiy, publisher of Petroleum Journal, tells about the company's work in the context of the pandemic, the progress of implementation of investment projects, and prospects for the development of the Karachaganak field.
The coronavirus pandemic has dealt a severe blow to the global oil and gas industry. Decreased demand for energy resources due to the worldwide economy's lockdown, reduced mobility of the population, and the air transport sector’s stagnation caused the collapse of world oil prices. The collapse was supplemented by a decrease in oil and gas exports.