// IP Marketing video - START// IP Marketing video - END

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
“The investments will be spent to build a canning factory and slaughterhouses, expand greenhouse farms,” Ignati Arakelyan said.
The funding will go to a subsidiary of ContourGlobal, an international power-generation company that acquired the Vorotan Cascade in 2015.
"We are yet unable to disclose the names of companies we are conducting negotiations with," Satenik Hovhannisyan said.
1,259,657 tourists have arrived in Armenia in January-December 2016, the National Statistical Service said, up by 5,7% on the year before.
Partner news