KAZMUNAYGAS AND ZARUBEZHNEFT SIGN AGREEMENT ON INTENT TO IMPLEMENT JOINT INVESTMENT PROJECTS

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Alik Aidarbayev, Chairman of Management Board, JSC NC "KazMunayGas", and Sergey Kudryashov, General Director of Zarubezhneft JSC, signed an agreement of intent to implement joint investment projects on 30 September in Nur-Sultan.

During the meeting, the parties discussed cooperation in geologic exploration and implementation of the state-of-the-art technology for maintaining oil rate plateau.

“KazMunayGas is actively cooperating with Russian oil and gas companies on a number of projects. We are always open to and welcome new partners, the more so as Zarubezhneft has a rich history and unrivalled expertise in overseas operations. I am confident that the document we have signed will be a foundation for successful future cooperation”, A. Aidarbayev noted.

“The Republic of Kazakhstan is a priority for us in terms of searching for new investment opportunities. We are bonded not only by territorial proximity and historical community, but also by high qualifications of the oil and gas sector professionals. By the way, the CIS region is of particular interest for Zarubezhneft from the perspective of development of joint projects. Since 2019, we have been successfully implementing a project in Uzbekistan together with the state-owned company Uzbekneftegaz,” says Sergey Kudryashov.

It should be noted that cooperation between the companies had been earlier discussed on the platform of St. Petersburg International Economic Forum-2021, where agreement on the analysis of the assets proposed to KazMunayGas for consideration had been reached.

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