ASTANA, Kazakhstan, March 28. Kazakhstan’s
First Deputy Prime Minister Roman Sklyar and KazMunayGas (KMG)
Chairman Askhat Khassenov held meetings with senior executives of
China’s leading oil and gas companies on the sidelines of the Boao
Forum for Asia (BFA) in Hainan, Trend reports.
During talks with CNOOC Executive Vice President Sun Da Lu, the
sides reviewed progress on the joint Zhylyoi project in the Atyrau
region. It was noted that exploration would be conducted under an
Enhanced Model Contract (EMC), which offers several investment
incentives. The parties also discussed potential cooperation
between KMG and CNOOC’s subsidiary, COSL (China Oilfield Services),
leveraging its extensive experience in offshore oilfield
services.
In a meeting with Sinopec Chairman Ma Yongsheng, the officials
discussed the $7.6 billion Polyethylene project aimed at developing
Kazakhstan’s petrochemical cluster. Additionally, they explored
investment opportunities in the Berezovsky geological exploration
project in western Kazakhstan, near the Karachaganak field.
Talks with CNPC President Hou Qijun highlighted the longstanding
partnership between KMG and CNPC in oil production. The two sides
agreed to expand cooperation across multiple areas, including the
carbamide project, a new joint petrochemical initiative estimated
at $1.2 billion.
Following the discussions, KMG PetroChem and CNPC signed a
protocol outlining the next steps for implementing the carbamide
project.