The second President in the history of independent Kazakhstan was elected. On June 10, the Central Election Commission of Kazakhstan announced the results of the early
presidential elections held the day before. As expected, with a vast majority of votes, the candidate from the Nur-Otan party, Kassym-Jomart Tokayev, was elected President, scoring 70.96% of the votes. The result of Amirzhan Kosanov is 16.23%, and the first female candidate in history, Daniya Espayeva, closed the top three with an indicator of 5.05%. Thus, the completion of the first stage of the transit of the supreme power in the country is official.
JSC National Company KazMunayGas (KMG), Kazakhstan's vertically integrated oil and gas company, announces its IFRS financial and operating results for 2018.
Natural gas production in Kazakhstan in the first quarter of 2019 reached 14.6 bln cubic meters (+3.6% compared to the same period last year), of which natural gas in the gaseous state amounted to 5.9 bln cubic meters.
The recovery of world oil prices has revived the oilfield services market in Kazakhstan. Subsoil users increased capital expenditures and have begun to implement major investment projects. Accordingly, the number of orders from domestic service providers has increased.
In 2018, Kazakhstan allocated 41 thousand quotas for attracting foreign workers. Most of them are in the top management of companies. This was reported by the Ministry of Labor and Social Protection.
On April 4, 2019, on the eve of the Day of the Geologist, in the oil capital of Kazakhstan, Aktau, the Russian production company BVT JSC held an off-site technological conference «Advanced technologies and equipment for completion of productive layers».
At ExxonMobil’s research facility in Clinton, New Jersey, scientists and engineers develop breakthrough technologies, collaborating with universities, national labs and companies acroos the globe to solve the dual energy challenge – to provide energy to a growing global population while reducing greenhouse gas emissions.
Effective April 1, 2019, Exxon Mobil Corporation, a leading international oil and gas major, announced the appointment of Mr. Dinesh Sivasamboo as Managing Director of its Kazakhstan affiliate, ExxonMobil Kazakhstan Inc., succeeding Cheryl Gomez-Smith.
The Memorandum of Understanding signed on May 17 between the national company KazMunayGas and British Petroleum (BP) demonstrates not only the interest of one of the leaders of the world oil production in cooperation with KMG in the field of exploration, development, and production but also marks a new stage in the development of the oil and gas industry of the country and its national company.
Kazakhstan legislation is fairly advanced and recent taxation initiatives for both corporate income and personal income demonstrate that Kazakhstan is in many ways ahead of other post-Soviet countries. For instance, the concept of taxation of income of foreigners at the level of the host local company acting as a tax agent in relation to income tax even for income paid outside Kazakhstan is widely developed in Kazakhstan.
Outcomes of Atyrau Oil&Gas 2019 and Atyraubuild 2019: Business Platform for Development of Consolidated Position in Industries
On April 9-11, 2019, Atyrau held two North-Caspian Regional Exhibitions - Atyrau Oil&Gas, and AtyrauBuild 2019, with the participation of 98 companies from Azerbaijan, Belarus, Great Britain, Germany, Italy, Kazakhstan, China, Malaysia, Russia, and Turkey.