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Аt the site of the XII KAZENERGY Eurasian Forum held within the KAZAKHSTAN ENERGY WEEK a conference was held devoted to jubilee – 120 years since the first production of Kazakh oil

On September 27, 2019, at the site of the XII KAZENERGY Eurasian Forum held within the KAZAKHSTAN ENERGY WEEK in Congress center of Nur-Sultan, a conference was held devoted to jubilee – 120 years since the first production of Kazakh oil.

As Deputy Chairman of KAZENERGY Association Uzakbay Karabalin said, moderating the conference, oil has become a guarantor of energy security of Kazakhstan for many years to come.
“The current legislative framework in the field of subsoil use is the basis for attracting billions of foreign investments and improving relations between state agencies and investors. Undoubtedly, the central role in these processes belongs to the government of the Republic of Kazakhstan,” he said.

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According to Deputy Prime Minister of the Republic of Kazakhstan Roman Sklyar, Kazakhstan over the past period has passed a difficult path in its political and economic development, taking a worthy place in the international arena. “The oil and gas industry has always been a favorite of our economy, representing one of the most attractive areas for investment. Celebrating this significant date, today we stand on the threshold of new achievements that will create a completely new oil and gas industry,” he said. “Last year was marked by another record in the oil and gas industry of Kazakhstan. We have reached the 90-million mark in oil production. And this is not the limit. Thanks to the ongoing growth projects in the fields of Tengiz, Kashagan and Karachaganak, which are the mainstays of the industry, oil production in the country will soon be increased to 110 million tons per year. Currently, the oil and gas industry of Kazakhstan sets new goals. We will increase not only production and export potential, but also develop the latest technologies to be strong and competitive in international markets. Through innovation, we can achieve even greater success.”

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Speaking at the conference, Deputy Minister of Energy of the Republic of Azerbaijan Gulmammad Javadov noted that his country like Kazakhstan in the mid-1990s began the implementation of major oil and gas projects, which stimulated the attraction of investments into the Azerbaijani economy. According to him, today Azerbaijan has a significant gas potential, ensuring its energy security through the implementation of mining and transport projects.

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“The development of relations between Azerbaijan and Kazakhstan is historically associated with linguistic, religious and cultural roots. On June 6, 2006, an agreement was signed to promote and support oil from Kazakhstan through the Caspian Sea and the territory of the Republic of Azerbaijan to international markets through the Baku-Tbilisi-Ceyhan system,” he said. “Azerbaijan and Kazakhstan are strategic partners. The two countries work together in the international arena. The result of such cooperation is that no problems have arisen between the two countries over the years.” G. Javadov noted the role of Kazakhstan in determining the legal status of the Caspian Sea. “For many years, the Caspian countries have been arguing over the division of the bottom of this closed reservoir. And Kazakhstan was the first to support Azerbaijan, we were the first to come to an agreement.” In addition, he recalled, a working group on the transit of Kazakh oil and oil products through Azerbaijan and the delivery of LNG to Azerbaijan through the Caspian Sea has been established. Cooperation between the parties in this area is a priority.

General Director of Tengizchevroil LLP Eimear Bonner stressed that, for 120 years, the oil and gas industry of Kazakhstan has achieved phenomenal growth, becoming the engine of economic progress and contributing to the prosperity and well-being of the population of Kazakhstan. “Our production increased from 1 million to 28.6 million tons of oil per year in 2018, which is about 35% of the total oil production in Kazakhstan. We would not have been able to achieve such amazing results if it were not for the contribution of the pioneers of Kazakhstan, who drilled the first wells and built the first plants in Tengiz,” she said.
According to Ms. Bonner, since 1993, TCO has made financial payments to Kazakhstan in the amount of USD 142 billion, USD 30 billion were spent on the purchase of goods and services, USD 1.8 billion – on the social investment program. Since 1999, 95 social projects have been implemented. Schools, kindergartens, colleges, water treatment plant, medical centers and clinics have been built. Thousands of jobs have been created.

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According to the General Director of Karachaganak Petroleum Operating Edwin Ronald Blom, new facilities have been built during the years of independence as part of the development of the Karachaganak field. “At our company, we respect the memory of our ancestors, predecessors who laid the platform for today’s success.”

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According to the Deputy Managing Director of North Caspian Operating Yermek Marabayev, for 120 years, Kazakhstan has experienced a historical stage that has changed all of us. And the North Caspian project has become an organic continuation of this story. “In a quarter of a century, we have developed the first oil and gas field on the Caspian shelf. We have built technologically complex facilities. Today, our plant is brought to full capacity. Now, after the first major overhaul at the Kashagan field, we produce 400 thousand barrels of oil per day (50 thousand metric tons per day), standing on a par with the leaders of the oil industry. In this August, total oil production at the field reached 30 million tons since the beginning of operation. At the same time, a high level of operational reliability is maintained. Work is underway to increase local content. The total cost of purchased goods, works and services under the Kashagan project since 2004 amounted to USD 14.4 billion. For the first half of this year – 290 million dollars, or more than 48% of the total amount of procurements,” he informed. “More than 200 social projects totaling USD 660 million have been implemented in Atyrau and Mangystau regions, where our projects are concentrated.”

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On Friday, the XII KAZENERGY Eurasian Forum continued its work with panel sessions and other events.

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