Kioge-2022
KPO Reports Half-year Performance Results
#4 (136), September 2022Karachaganak Petroleum Operating B.V. (KPO) announced its performance results for the first half-year period of 2022. Over this period, KPO produced 71.4 million barrels of oil equivalent of stable and unstable liquid hydrocarbons, export raw gas and sweet fuel gas. In addition, 5.7 billion cubic meters of raw gas were injected into the reservoir, which accounts for 54.3 per cent out of the total gas produced in the field.
What is Chevron Direct Investment Fund and How it functions?
#4 (136), September 2022
Chevron Direct Investment Fund Ltd. (CDIF) is Chevron’s investment vehicle to support Kazakhstan’s economy by investing into commercial local enterprises across various industries, including but not limited to manufacturing, works and services in oil and gas industry, environmental stewardship, information technologies, including digital technologies. The fund is valued at $248.5 million.
Launching the Low Carbon Solution Business
#4 (136), September 2022
ExxonMobil established its Low Carbon Solutions business in early 2021, leveragine ites uniaque combination of capabilities such as geophysics expertise and complex project management to establish a new business in carbon capture and storage, hydrogen and biofuels to accelerate emission reductions for customers and in its existing businesses.
NCOC Brings Digital Solutions to Operators’ Work
#4 (136), September 2022
NCOC as one of the major oil producers in Kazakhstan is interested in continuous improvement of the safety and situational awareness of operators in the field. Operator rounds and maintenance inspections in oil & gas industry play an essential role in improving plant reliability and safety. Replacing paper checklists with digital technology has enormous potential in terms of better analysis and management of data. Paper based work is challenging since the paper records are not easily accessible and hard to read, which could lead to incorrect decisions from outdated, inconsistent, or incorrect data.
Powering Youth
#4 (136), September 2022
For the majority of international companies, employees are the key asset. Unfortunately, not everywhere human capital development gets deserved attention, with companies focusing their efforts on other areas, like facilities and operations. At the same time, it is hard to dispute the fact that even the “smartest” artificial intelligence can ever outmatch a sophisticated human intelligence or its creative potential.
Augmented Reality in COVID Era: Kazakh Company Becomes First to Use AVC Lens – Engineering Supervision Know How
#4 (136), September 2022
Kazakhstan Transfer Pricing News
#4 (136), September 2022
Transfer pricing control for tax purposes gain more importance for Kazakhstan taxpayers from year to year. This is due to the increased frequency and thoroughness of tax audits on transfer pricing issues and tightening of control by tax authorities. This is a global trend which is largely based on recommendations developed by the Organization for Economic Co-operation and Development. Kazakhstan actively cooperates with this organization on various areas, including transfer pricing.
Revolution in the Gas Market
#4 (136), September 2022
On July 18, the Government of Kazakhstan approved a Comprehensive Plan for the development of the country's gas industry during 2022-2026.
It defines the vision and main approaches to the phased reform and integrated development of the gas industry of the Republic of Kazakhstan until 2030. The implementation of the plan will make it possible to develop new approaches to regulating the gas market in the country, create conditions for attracting investments in the gas industry, expand the resource base to increase the production of commercial gas, and further development of the fuel and energy complex, and will also ensure uninterrupted and safe gas supply to consumers of the country, the national company QazaqGaz said in a statement.