Kazakhstan Chamber of Commerce in the USA

KazCham



Saudi signs nuclear deal with Kazakhstan 0

Posted on November 24, 2016 by KazCham

Centil Law Firm BI@centil.law

Saudi Arabia and Kazakhstan have signed a nuclear deal as part of a new deal to improve bilateral relations between the two countries.

A cooperation agreement relating to the peaceful use of nuclear energy was signed by the president of King Abdullah City for Atomic and Renewable Energy, Dr Hashim Yamani, and Kazakhstan’s Minister for Energy, Kanat Bozumbayev.

Memorandums of understanding were also signed in the fields of agriculture, livestock, water, the extradition of wanted persons, and the transfer of prisoners.

Saudi Arabia is one of several Middle Eastern states looking into setting up a nuclear power programme. Although its nuclear programme is in its infancy, the Kingdom has plans to construct 16 nuclear power reactors over the next 20 years. A 2010 royal decree identified nuclear power as essential to help meet growing energy demand for both electricity generation and water desalination, while reducing reliance on depleting hydrocarbon resources.

Over twenty oil and gas wells to be closed in Kazakhstan 0

Posted on March 05, 2016 by KazCham

Colibri Law Firm BI@colibrilaw.com

Over the course of 2016, 22 abandoned oil and gas wells will be closed in Kazakhstan as part of a wells closure programme, according to the Kazakh ministry for investments and development.

As part of this same programme, 9 oil and gas wells were closed in Kazakhstan in 2015.

The abandoned oil and gas wells cause irreparable damage to the environment, flora and fauna both on land and in the sea, and lead to the depletion of hydrocarbon reserves.

Kazakhstan may stop importing oil products 0

Posted on February 05, 2016 by KazCham

Colibri Law Firm BI@colibrilaw.com

The President of Kazakhstan Nursultan Nazarbayev, speaking on 29 January at the XVII Extraordinary Congress of the Nur Otan Party, has announced the aim to fully meet the internal market’s demand for domestic oil products, including gasoline, diesel fuel, jet fuel and gas, by 2018.

Nazarbayev also said that oil production volumes in Kazakhstan will reach 92 million tonnes per year by 2021, with the figure currently standing at 79.5 million tonnes in 2015.

Kazakhstan has three major oil refineries – Atyrau, Shymkent and Pavlodar. All three plants are being modernized, which will provide the country’s domestic market with its own fuel and lubricants.

 



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