QazaqGaz and Dragon Oil signed an agreement in the development of gas fields and geological exploration of the subsoil, citing the press service of the national company.
Chairman of the Board of QazaqGaz Sanjar Zharkeshov and Chief Executive Officer of Dragon Oil Ali al-Jarvan signed a memorandum of cooperation. The agreement was signed within the framework of the official visit of the President of Kazakhstan, Kassym-Jomart Tokayev, to the United Arab Emirates.
It is emphasised that the signed document will allow the implementation of joint projects in the development of new gas fields and geological exploration of the subsoil in Kazakhstan. As part of the memorandum, the parties plan to explore opportunities for further cooperation, as well as strengthen economic and investment partnership.
Dragon Oil is an international oil and gas company, part of the Emirates National Oil Company group of companies. Dragon Oil produces gas and oil in the Middle East, North Africa and the Caspian region. Key assets in the company's portfolio include the Cheleken contract area offshore Turkmenistan, GUPCO's recently acquired assets in Egypt and Block 9 in Iraq.