Kazakhstan to auction exploration rights to some oil, gas fields

Kazakhstan to auction exploration rights to some oil, gas fields

PanARMENIAN.Net - Energy-rich Kazakhstan plans to auction exploration rights to eight or nine oil and gas fields in the Central Asian nation this year, a senior official said, according to RIA Novosti.

“Last year, after a certain period of moratorium, we announced tenders for three geological exploration blocks. This year we plan to announce a tender for another 8-9 blocks,” Oil and Gas Minister Uzakbai Karabalin said.

Karabalin said the exploration work would help to further increase Kazakhstan’s resource base.

Oil production in Kazakhstan reached 1.73 million barrels per day in 2012, according to the BP Statistical Review of World Energy 2012. Kazakhstan produced 19.7 billion cubic meters of natural gas over the same period, according to BP figures.

Related links:
 Top stories
“Government’s policy line of boosting the NPP’s safety and building a new power unit remains unchanged,” Armen Movsisyan said.
In turn, Armenia will provide $500 thousand in abolished taxes and duties for imported equipment and pipes.
Armenia’s rich cultural, historical and Christian heritage will be presented in travel guides and maps in Russian during the exhibition.
The contract terms stipulated by companies allowed them to charge subscribers for the period when no internet service was provided.
Partner news