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Archive
#6 (138), December 2022
Editor❜s Note
December is traditionally the summing-up month
December is traditionally the summing-up month. This year, unfortunately, does not have optimism. It began with widespread protests, turned by the "puppeteers" into riots and pogroms in January, and it increased the degree of tension in February when hostilities began in Ukraine.
Exclusive
Trumping Victory of Tokayev and Re-start of Kazakhstan Political System
November 20, the extraordinary presidential elections took place in Kazakhstan. Kassym-Jomart Tokayev, the incumbent head of the state, secured his double-digit victory winning an 81% majority. [1] His adversaries were able to get the voters’ support only at the level of 1-3%. The international observers (CIS Executive Committee, CIS Interparliamentary Assembly, SCO, CSTO Parliamentary Assembly, OIC, OTG, Parliamentary Assembly of Turkic States) confirmed the legitimacy of the elections.
We Stand for the Accountability of Subsoil Users to the People – the Owner of the Subsoil
Nurlan Zhumagulov, Executive Director of the Public Fund 'Energy Monitor', answers the questions of the Petroleum's publisher Oleg Chervinskiy
Results of the Year
5 Most Important Events of the Oil Year
During the year, the Caspian Pipeline Consortium restricted oil shipment from its sea terminal in Novorossiysk four times. On March 21, a month after the start of hostilities in Ukraine, the CPC announced that two of the three single-point moorings at the terminal were damaged as a result of a storm on the Black Sea. As a result, Kazakhstan's total daily oil production fell by 14% in April. The repair work lasted a month.
CNPC In Kazakhstan: Reliable Partner and Important Investor
The year 2022 was marked by a landmark event in the energy industry – the 25th anniversary of oil and gas cooperation between Kazakhstan and China. It was successfully launched in 1997 with the arrival of the China National Petroleum Corporation (CNPC) in the Kazakhstan market. It is a well-known international integrated energy company, one of the three leaders of the world's oil giants, conducting oil and gas operations in 38 countries.
Despite Crises Atyrau Polyethylene Pipe Plant Operations Continue
The pioneer in the production of polymer pipe products in Kazakhstan – Atyrau Polyethylene Pipe Plant – was launched by Chevron in 2003. This is the contribution of the corporation leading the development of the giant Tengiz field to the diversification of the Kazakhstani economy. Being the industry's technological leader, Chevron has brought new technologies and a work culture to Kazakhstan.
Aryskum: a Field with a Rich History and a Promising Future
Aryskum, a field with a rich history, is PetroKazakhstan's second largest oil producing hub after Kumkol. More than 260 oil workers work here (rotating in shifts) and full-scale infrastructure facilities have been built there, which, among other things, are used for the needs of the nearby fields Kyzylkiya, North-West Kyzylkiya, Karabulak and South-West Karabulak.
KazMunayGas Financial Statements for Nine Months of 2022
JSC National Company KazMunayGas, Kazakhstan's national vertically integrated oil and gas company, publishes its interim condensed consolidated financial statements prepared in accordance with International Financial Reporting Standards (IFRS) 34 "Interim Financial Statements" for the three and nine months ended September 30, 2022, with a report on the results of the review of interim financial information by an independent auditor.
EY Presented the Results of the Investment Attractiveness of the Kazakhstan Study
During the Investment Attractiveness of Kazakhstan conference in Astana, the results of a study from EY conducted among existing and potential foreign investors were presented. The conference was attended by representatives of state bodies of Kazakhstan, foreign investors, and participants of business associations. During the discussion, the key issues of the study were discussed: factors influencing the choice of the country of investment, attractive industries that, according to investors, will attract the most significant investments, and risks and proposals to improve the investment climate in Kazakhstan.
Legislation
Anti-Corruption Compliancein Charitable Activities
As the culture of corporate and social responsibility becomes more common, many local companies have started paying special attention to charity and allocating considerable funds to provide charitable assistance each year.
Oil Chronicles
Oil Chronicles. June 2022
Starting June 1, NCOC commenced the turnaround of the Kashagan offshore and onshore facilities. A turnaround is one of the most critical planned activities, which implies a complete production shutdown for a short period once every few years as dictated by regulatory compliance and business needs. Large-scale work, with a volume of more than two mln man-hours, is planned to be completed within 45 days.
Oil Chronicles. July 2022
July 1, the Caspian Pipeline Consortium resumed the shipment of oil from two Single Point Moorings (SPM) out of three after the downtime of SPM-1 and SPM-2 in connection with the seabed inspection of the CPC marine terminal for the presence of explosive objects.
Oil Chronicles.August 2022
August 3, a ministerial meeting of the countries participating in the OPEC+ agreement was held in a videoconference format. Kazakhstan was represented at the meeting by Minister of Energy Bolat Akchulakov.
Oil Chronicles. September 2022
The new head of TotalEnergies in Kazakhstan, Mr. Frode Ljones, has started work. He worked at TotalEnergies for more than 16 years before being appointed to Kazakhstan as CFO, Financial controller in Norway, and Deputy Vice President for Budget and Financial Control of TotalEnergies Group in Paris. In August 2022, he was appointed head of TotalEnergies in Kazakhstan.
Oil Chronicles. October 2022
October 1, repair and maintenance work began at the Atyrau Refinery. A phased repair of technological facilities is planned, so the plant will not stop completely. During the repair, in October-November, it is intended to process 692 thous. tons of oil, at 11,347 tons per day, an average of 68% of the plant's design capacity. The refinery's transition to a stable regime is also planned to be carried out in stages until the second decade of November 2022. Previously, it was scheduled to start repair work in September. However, to stabilize the fuel market, the repair was postponed to October 1