PETROLEUM. Analytical journal. New projects, fields’ development, production, processing and transportation of oil and gas, presentation of the companies, statistics on the production of hydrocarbons, monitoring of investment legislation.

On Expanding the Resource Base, Gas Chemistry, Disputes with Investors, and Continuity in Policy

Oil and gas industry experts Askar Ismailov [AI] and Abzal Narymbetov [AN] reflect on some of 2024's key outcomes. Oleg Chervinskiy, publisher of the Petroleum Journal, moderates the discussion.

– Good evening. Let’s begin our review of the oil and gas year by discussing the situation regarding reserve replenishment by our two national companies, KazMunayGas and QazaqGaz. The situation appears rather dire based on publicly available information, as geological exploration has been nearly absent in recent years. Great hopes were placed on the Caspian shelf, but recent news from the shelf has also been disappointing. 

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.