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Archive
#5 (119), October 2019
120 Years Of Kazakhstani Oil
From Karashungul to the Caspian Shelf
In the middle of the nineteenth century, Kazakhstan, which was part of the Silk Road, was visited by thousands of merchants from different countries, Russian military, scientists from Russia and Europe, ethnographers.
The Energy in the Name of Future
Kazakhstan intends to become one of the world leaders in oil production – this was the key message of Kazakhstan Energy Week-2019, held at the end of September in Nur-Sultan.
Anniversary as a Start for the Dash
This year, KMG International Group, a foreign asset of the national company KazMunayGas, will pay dividends to its shareholder for the first time.
120 Years and a New Look into the Future
This year marks the 120th anniversary of the first production of Kazakhstani oil. Much has been written about the fact that oil is the breadwinner, the pride and the main guide in our country.
Transparent Oil. Kazakhstan Fulfils Obligations under the EITI
On September 26, the 10th national conference of Extractive Industries Transparency Initiative (EITI) was held in Nur-Sultan as part of Kazakhstan Energy Week-2019.
KazMunayGas Operating and Financial Results for the First Half of 2019
Joint-stock National Company KazMunayGas, Kazakhstan's national vertically integrated oil and gas company, announces its operating and financial results for the first half of 2019 according to International Financial Reporting Standards (IFRS).
Technology
Highlight from the 2018 Outlook for Energy
The Outlook is ExxonMobil’s global view of energy demand and supply through 2040. ExxonMobil uses a data-driven, bottom-up approach to help produce a comprehensive view of future energy demand and supply that recognizes the dual challenge of providing affordable energy to support prosperity while reducing environmental impacts.
Projects
KPO Announced Successful Completion of Turnaround
AKSAI, West Kazakhstan Oblast, 14 October, 2019 - Karachaganak Petroleum Operating B.V. (KPO) announced successful completion of 2019 Turnaround.
Van Oord in Kazakhstan
In 2017, Van Oord finished local dredging operations on a 72-kilometres long channel in the Caspian Sea.
Disruptive Technologies in the Oil and Gas Industry
The volatility of oil prices today depends not only on the geopolitical situation, but also on the emergence and introduction of new technologies and facilitation of processes. There is still no clear definition of what digitalization is: works (Artificial Intelligence), services (Clouds computing) or goods (IIOT). Nevertheless, this word successfully attracts funding: companies are ready to invest, waiting for the birth of a new solution that will bring even more profit. Few conferences, forums and business meetings do without the word “digitalization”. In order not to get confused in a difficult choice and not to become hostages of venture financing, it is necessary to clearly understand what trends are emerging today in the field of digitalization of the oil and gas industry in Kazakhstan.
Chronicle
Oil Chronicles
July. Prime MinisterAskar Mamin held talks with a delegation from Total, led by President of Exploration & Production Arnaud Breuillac. During the meeting, a wide range of issues of cooperation in the oil and gas sector was discussed.
August. August 1, Tbilisi gas distribution company was bought by the Georgian business group Tbilisi Energy LLC, by whose name Tbilgas will be called henceforth.
September. September 5, in Atyrau, President of Kazakhstan Kassym-Jomart Tokayev held an extended meeting on the development of the oil and gas industry, during which Chairman of the Board of the Samruk-Kazyna Fund Akhmetzhan Yessimov put forward a number of proposals for the development of the industry.
Votum Separatum
Bottlenecks of Kazakhstani Content. Why Domestic Companies Do not Participate in the Implementation of Large Oil and Gas Projects?
Recently, the President of the country instructed the government and local executive bodies to strengthen the work to increase the supply of domestic goods and services to oil and gas companies. However, how ready are the Kazakhstani oilfield service companies themselves to perform such a volume of services? These and other questions were answered by Nurlan Zhumagulov, General Director of the Association of oil service companies of Kazakhstan, in petrocouncil.kz interview.
Social Responsibility
Tailed Heaven: the Territory of Care and Warmth
The "Tailed Heaven" Public Fund is a non-profit organization, which brings together people who care for animals and work to improve their lives. It is a growing platform to bring systemic assistance to homeless dogs in need of it, where the place of each recovered pet that has found home is overtaken by a new one, followed by another.