World mass-media's point of view

размер шрифта: Aa | Aa

altLeading mass media from all over the world gathered at one of the biggest events of the global energy industry - the VI KAZENERGY Eurasian Forum. Authoritative experts and VIP speakers discussed such topics as energy scenarios and forecast resources of hydrocarbon raw materials, strategic priorities for oil industry development, development of renewable energy sources. the Forum work was highlighted by the largest international editions and tV channels. We offer you the overview of key world medias.

The international edition of «The New York I Times» - «International Herald Tribune» newspaper published volumetric article entitled «Kazakhstan on the world stage: the KAZENERGY Eurasian Forum». Journalist Charles van der Leeuw, calling Kazakhstan a key supplier of oil, gas, coal and uranium, specifies that the country takes the second place among the CIS countries on attraction of investments, after Russia and ahead of Belarus and Azerbaijan. As evidence the author gives statistics, which implies that the capital investments over the first half of 2011 reached $ 13 billion, and in 2010, Kazakhstan's economy was estimated at 21.8 trillion tenge or about $ 150 billion.
The author tried to analyze the reserves of mineral resources and routes of transportation of hydrocarbons. «At the KAZENERGY Eurasian Forum, held Oct. 4 and 5 in Kazakhstan’s capital, Astana, Kairgeldy Kabyldin, the chairman of Kazakhstan’s state oil and gas company, KazMunaiGas, presented the achievements of the country’s oil and gas sector in the past two decades. According to Kabyldin, in 20 years of independence oil export volumes have increased from 13 million to 71 million tons per annum, 4 000 kilometers of pipelines were built. By 2014, oil production is expected to reach 85 million tons, and oil exports 75 million tons» - he
writes. The correspondent of the newspaper also recalled that Kazakhstan is sitting on 15 percent of known world reserves of uranium and 4 percent of coal. The author analyzes the welcome speech of the Prime Minister Karim Massimov, in which the head of government said that Kazakhstan and all other states even now must think about the post-oil era. "Kazakhstan is preparing for 10 to 20 years from now, when its oil production will reach its peak, and beyond. That was the main message of Karim Massimov’s speech ", - writes Charles van der Leeuw.
In his opinion, the VI KAZENERGY Eurasian Forum delegates acknowledged that no one type of energy sources can independently meet the needs of the population. «Participants agreed that alternative sources of energy should no longer be seen as competitors to oil and gas, but should be complimentary to them and contribute to energy security around the globe" - sums up the journalist.

The «Financial Times» newspaper published an article by editor of energy section Silvia Pfeiffer, who moderated exclusive conference-dinner named "Kazakhstan on the energy map of Eurasia", and, respectively, had the opportunity to talk with Kazakhstani as well as foreign experts.
 
«Twenty years after gaining independence from the Soviet Union – the anniversary falls on December 16 – Kazakhstan is today central Asia’s most successful economy. The world’s international oil majors, from Chevron and BG group to Eni, have gathered in the country, intrigued by the promise of its mineral wealth. The International Energy Agency estimates its proven oil reserves at 40bn barrels. Foreign direct investment totals more than $100bn», - the author tells. She recalls 2008, when between a consortium of foreign companies and the government it was resolved a dispute over Kashagan field, and draws parallels with the present situation regarding the Karachaganak gas field. «The government is considering acquiring a 10 per cent stake for between $700m and $1.1bn ahead of a third phase of development of the project through KazMunaiGas». The company is owned by Samruk-Kazyna, the country’s sovereign wealth fund. «We plan to resolve all of the outstanding issues in the near future (on Karachaganak)… All of those very big projects that require a lot of investment, we have no chance but to agree on how to move forward. We are doomed to agree», - Mr. Kulibayev told the Financial Times in an interview. But Karachaganak, he added, was «a successful project» that has already attracted a lot of investment» - written in the article. The author also gives the views of experts of PFC Energy, which said: "Karachaganak is the only big foreign oil development in Kazakhstan without state participation. It was obvious that KazMunaiGas would at some point come in».
 
Analyzing the investment attractiveness of Kazakhstan, the projects on construction of NPP and the upcoming «popular IPO», Sylvia Pfeifer writes: «One avoidable issue looming for foreign investors is that of succession. President Nursultan Nazarbayev, who turned 71 in July, has so far refused to name a successor and there is concern about the risk of a power vacuum should he suddenly leave office. Mr. Kulibayev is regarded by many as a potential successor, although, he reckons that this issue is not relevant for the next five years, because earlier this year we had presidential elections».

The weekly specialized publication «Petroleum Intelligence» informs that, despite delays in some major projects, Kazakhstan is still focused on the growth - by 2020 it is planned to produce 2.64mn barrels of crude oil per day and gas production is expected to reach 92.2bn cubic meters per year. «These targets, outlined by Oil Minister Sauat Mynbayev at a conference in Astana last week, were accompanied by an even bolder assertion from the International Energy Forum that Kazakhstan will be one of the world’s top five oil producers by 2035, with output of nearly 4 million b/d.», - says correspondent of the magazine Tom Daly. Analyzing the current problems associated with delayed second phase of the Kashagan project, and the possible entering of the national company into the Karachaganak consortium, the author writes: «The recent announcement of an oil discovery on the Caspian Sea N block operated by Conoco and Abu Dhabi’s Mubadala Oil & Gas has also underlined the potential of Kazakhstan’s offshore, where exploration is continuing on Shell and Oman Oil’s Zhemchuzhina, or Pearls, block, on the Satpayev block operated by India’s state ONGC Videsh and on state Korea National Oil Corp.’s Zhambyl block».

International analytical magazine «Caspian Energy» entitled the final article on the KAZENERGY Forum as «Kazakhstan - reliable energy partner». «Kazakhstan remains a reliable energy partner in energy sphere», -considers Prime Minister Karim Massimov. During the years of independence of Kazakhstan it was carried out an impressive amount of work to ensure the transportation of oil. According to government, investment to the «Kashagan» are to shrink. Ministry of Oil and Gas of the RK is working out the expansion project of «Tengiz» field, works on the choice of Khazar field development concept are being conducted», - says the publication. Analyzing the key reports of the VI KAZENERGY Eurasian Forum, the author concludes: «Kazakhstan is actively promoting the technologies to improve the energy efficiency of the economy. In August, the Government approved the Law «On Energy Conservation and Energy Efficiency», which aims at reducing energy intensity of industry to 10% by 2015 and 25% by the end of the decade. The Republic also takes the first steps towards the development of nuclear energy. This June the Government of the RK approved program for atomic power development, which provides construction of the first Kazakh nuclear facility". Referring to the reports of the Prime Minister Karim Massimov and Minister of Oil and Gas Sauat Mynbayev, the author conducts a detailed review of potential resources on major fields of Kazakhstan and resembles that JSC NC "KazMunaiGas" launched an independent audit of oil reserves. «The audit will be carried out by «Gaffney, Cline & Associates» company on international standards in accordance with the methodology of PRMS (formerly SPE technique) as of December 31, 2011. NC KMG has chosen for an audit the methodology of PRMS (Petroleum Resources Management System - oil resources management system), which is based on the dynamics of development indicators and evaluation of the initial geological reserves by categories», - sums up the edition.

Business magazine «RBC», in an article on oil and gas industry of Kazakhstan, writes: «Today the republic is among the twenty largest producers of black gold, and takes the ninth place in the world by the proven reserves. The share of oil sector in GDP, according to official figures, is more than 11%, the supply of hydrocarbons in the total export - 57%. Almost half of the state budget last year was formed due to the expense of oil rents, and the other funds accumulate in the National Fund, which was created in 2000 on the model of the Stabilization Fund of Norway. By July of this year, it had accumulated 38.7 billion dollars, and this is just the beginning. By 2020, as expected, Kazakhstan will join the top ten of oil exporters. Its deposits in the Caspian region will play an important role in the global energy sector during the nearest 20 years», - highlights the director of the British-Kazakh Society, Douglas Townsend. In his view, there is nothing wrong for the economy that the main revenues come from carbohydrates. Australia and Canada, for example, have risen precisely because of the expense of natural resources. It is not only about their presence, but the 4-8 December 2011   Doha - Qatar ability to use them rationally. Kazakhstan had chosen the right way as many experts have noted. However, according to journalist Ilya Dashkovsky, the country could become the "raw materials appendage" when the attempt to diversify the economy does not bring the desired results. «Until recently it was said that Russia should learn from the implementation of reforms in Kazakhstan. But soon, Astana will have to find a cure for the curse of the commodity along with Moscow», - sums up the author.

Energy Forum stresses need for postcoil preparation» - this is a headline of the article in «The Times of Central Asia». «Optimizing productivity, meeting pressures on costs and limiting dangers to the environment have been the three themes around which speakers at the KAZENERGY Forum built their statements this week» - edition informs. Analyzing the current relationships between the government and foreign investors regarding the largest deposits of hydrocarbons, the author predicts the growth of the tax burden in the near future. «The entire state budget for the current year amounts to 1 trillion Kazakh tenge ( close to 5 billion euro according to present-day exchange rates). More than half of that money is spent on social welfare and employment development. For the upcoming year, the budget has to increase by another 30 per cent in order for the state to live up to its commitments. This could well mean that tax burdens, including those for foreign oil, gas and other subsoil operators, is set to increase. This, in turn, means that a search for a precarious balance between national income needs and investment profitability is on top of everybody’s agenda - including the KAZENERGY Forum, during which productivity increase and cost control was on many a speaker’s lips», - concludes the newspaper..

PDFПечатьE-mail