(PRWEB UK) 27 January 2015
In a recent report published this month by U.S. Energy Information Industry, Kazakhstan was identified as having vast hydrocarbon resources. In 2014 it was estimated that Kazakhstan produced 1.7 million barrels per day. With further delays reported over the past 18 months for the Kashagan project, the key to the future of Kazakhstan's energy sector will be the development of its giant Tengiz, Krachaganak and Kashagan fields.
Historically, Kazakhstan had difficulty reaching European markets due to the country's geographical location. However, Its position lends favourably to trade links with Eastern markets, from Kazakhstan to China. In fact, oil exports to China began back in 2006 with the Kazakhstan-China pipeline. Nethertheless, over the past five years the country has been looking at developing other routes to access European markets, via the Southern Gas Corridor as well as various other projects.
In 2014 Kazakhstan underwent a giant reshuffle of its ministerial branches by creating a “super” energy ministry, so as to improve efficiency and encourage investment in its extractive industries.
On 23rd & 24th of February 2015, Oliver Kinross will host the Kazakhstan Oil & Gas Summit. This event is the perfect platform to discover the latest developments and opportunities in Kazakhstan's oil & gas industry, featuring a two day programme with presentations on both the upstream and downstream sectors.
Samuel Burrows, Director of Marketing and Business Development from MaxPetroleum – an independent oil and gas exploration and production company focused on Kazakhstan will be joining us in Almaty. In a recent interview with Oliver Kinross he stated, “Given the recent price moves in the world oil markets, this conference is very timely and will help provide understanding the best way forward in this new oil price environment for Kazakhstan oil and gas producers.”
Delegates will receive first hand insight on the best practise for doing business in Kazakhstan and the latest developments and challenges in E&P projects, technology advancement, policy & regulation, HSE, infrastructure and refineries & logistics. Sponsors at the event include Velocys, Damen Shipyards, OMS Saleri and Cryostar. For further information or to register, visit our website http://www.kazakhstanogs.com
Notes for Editors
The Kazakhstan Oil and Gas Summit 2015 23 – 24 Feburary, 2015, Almaty, Kazakhstan
The Summit is organised by Oliver Kinross http://www.oliver-kinross.com
Summit website: http://www.kazakhstanogs.com
Venue: Rixos Hotel, Almaty, Kazakhstan
For all media and press enquiries please contact Kaltrina Kastrati kaltrina(at)oliverkinross(dot)com
EIA - http://www.eia.gov/countries/cab.cfm?fips=kz
JDSupra - http://www.jdsupra.com/legalnews/amendment-to-the-kazakhstan-legal-regime-46978/
Oil Price - http://oilprice.com/Latest-Energy-News/World-News/Kazakhstan-Facing-Serious-Challenges-From-Low-Oil-Prices.html