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.
The global economic crisis caused by the Covid-19 pandemic has hit not only the oil and gas exploration and production industry but also related businesses, primarily oilfield services.
Minister Magzum Mirzagaliyev: «Kazakhstan aims to attract major investors in geological exploration.»#4 (124), September 2020
A year ago geological industry management underwent serious changes in Kazakhstan. A new state body - the Ministry of Environment, Geology and Natural Resources - was created, and the issue of the development of geology received higher status.
The oil and gas industry is experiencing its third price collapse in 12 years. After the first two shocks, the industry rebounded, and business as usual continued.
Yaromir Rabay, Executive Director of KAZENERGY Association, answers Petroleum's questions
The spring of 2020 for the global oil and gas industry has become truly dramatic, on par with, perhaps, the energy crisis of 1973.
At the year-end 2019 Kazakhstan produced a record amount of oil and gas condensate – 90.5 mln tons, and almost half of this volume was produced in the Atyrau region.
The oil and gas sector is one of the leading industries of the region's economy, 70% of the region's industrial production is provided by oil and gas production.
In 2020, the world faced a challenge that cannot be adequately met without combining the efforts of all countries, different social and business groups and all of humanity.
The tear twenty nineteen was a successful year for the development of the fuel and energy complex of Kazakhstan – record oil production figures were achieved, the needs of the domestic market for gasoline and diesel fuel were completely covered by production of products at domestic refineries, the export of gasoline was launched for the first time in history, 23 renewable energy facilities were commissioned.
John Baltz, Managing Director of Chevron’s Eurasian Business Unit responds questions of Oleg Chervinsky, publisher of Petroleum magazine
Interview for Petroleum with Dinesh Sivasamboo, Managing Director of ExxonMobil Kazakhstan Inc.
Petroleum invites its readers to recall seven key, according to the journal, events of the oil and gas world in 2019.
President: position passed on, position received. The televised address of President Nursultan Nazarbayev announced for March 19 did not cause much excitement in the country.