We use cookies
To help provide you with a good experience on our website. By continuing to browse the website, you are agreeing to our use of cookies.

Tokayev tasks to attract major investors in geologic exploration, oil and gas industry

DOWNSTREAM CENTRAL ASIA AND CASPIAN

Tokayev tasks to attract major investors in geologic exploration, oil and gas industry

President of Kazakhstan Kassym-Jomart Tokayev received acting chairman of the board of KazMunayGas Askhat Khassenov, Kazinform News Agency cites the Akorda press service.

Source: Kazinform

The Head of State was presented with a report on the outcomes of the operational and financial activity of the company for Q1 2024. The President was informed about growth in most of the company’s key indicators compared to the same period of last year.

Khassenov reported on the implementation of major investment projects, including construction of the hybrid power plant in Zhanaozen and the polyethylene plant with a capacity of 1.25 million tons in Atyrau region, development of the petrochemical cluster, exploration of Kalamkas-more, Khazar and Auezov fields in the Caspian Sea.

The President was presented with information regarding the gas fields launched in 2023 as well as the geologic exploration operations to replenish reserves and maintain the production level of oil. In particular, KazMunayGas seeks to carry out drilling works at a depth of 5,500 meters at the Torgai Paleozoic field in Kyzylorda region as well as drilling of a well at the Abay site in the Caspian Sea.

Tokayev was also briefed about the realization of social projects and the company’s participation in the flood control works.

In conclusion, Tokayev gave a number of instructions regarding attraction of major investors in geologic exploration and the oil and gas sector as well as drew special attention to the need to ensure smooth operation of Kazakhstan’s oil refineries.

For more information, check out our Privacy Policy

Relevant news

DOWNSTREAM CENTRAL ASIA AND CASPIAN
KazMunayGas and Chevron discuss renewable energy and gas processing plant developments at Tengiz field
Discover how KazMunayGas aims to achieve carbon emission reduction targets through renewable energy and gas processing projects.
DOWNSTREAM CENTRAL ASIA AND CASPIAN
KMG and Japan's Marubeni to develop low-carbon projects at Atyrau refinery
KMG and Marubeni considered the issue of the development of low-carbon projects at the Atyrau Refinery.
DOWNSTREAM CENTRAL ASIA AND CASPIAN
KazMunayGas and Grace Explore Catalyst Production in Kazakhstan
The National Company KazMunayGas (KMG) and the American firm W.R. Grace have discussed the potential for producing catalytic cracking catalysts in Kazakhstan, according to a press release from KMG.
DOWNSTREAM CENTRAL ASIA AND CASPIAN
GAIL announces significant investment plan for petrochemicals segment
GAIL plans to import ethane as a primary petrochemical feedstock to various demand centres across India.
DOWNSTREAM CENTRAL ASIA AND CASPIAN
Askhat Khassenov to serve as interim Chairman of Management Board of KazMunayGas
Askhat Khassenov has been appointed the interim Chairman of the Management Board of JSC NC KazMunayGas.
DOWNSTREAM CENTRAL ASIA AND CASPIAN
Azerbaijan’s gas exports to Europe up by nearly 3%
Azerbaijan’s overall gas exports for the four two months of 2024 amounted to 8.5 billion cubic meters.