On the eve of the new academic year, the staff of the oil and gas production department “Kenkiyakneft” took part in two charity events

Supporting young people and participating in the cultural life of the Temirsky District are important areas of social work for SNPS-Astanamunaigas. This helps strengthen social ties between the company, local authorities and residents of the district, as well as improve the company’s image.

On August 12, 2024, the Temirsky District Administration and the Kenkiyakneft Oil and Gas Production Department (OGPD) jointly organized a festive concert dedicated to International Youth Day. The event took place on the central square of the Shubarkuduk settlement, where young residents of the district and company employees gathered.

During the gala event, young people who had achieved success in sports, science and social support of the population were awarded letters of gratitude and valuable prizes. The organizers and participants of the concert noted that this awarding ceremony became a symbol of recognition and encouragement of the contribution of young people to the development of the district.

In addition, on the eve of the start of the school year, Kenkiyak oil workers traditionally provided financial support to schoolchildren from low-income and large families, as well as those left without parental care. As part of the charity event “Road to School”, employees of NGDU “Kenkiyakneft” presented 37 students from comprehensive schools in the villages of Shubarshi, Sarkol and Kenkiyak with cash certificates for the purchase of school supplies.

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Basra Oil also bought part of Exxon’s 22.7% stake. Another 20% of the project is owned by the Indonesian Pertamina. After this deal to sell its stake, Exxon has no projects left in Iraq.

The West Qurna 1 field, located in southern Iraq, is one of the world’s largest oil fields with recoverable reserves of more than 20 billion barrels. Currently, about 560,000 barrels per day are produced here. The presence of Chinese investment will allow the latest technology to be successfully transferred to this field.

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According to the company, building and operating a digitally controlled platform can save nearly 30 percent in costs compared to traditional offshore drilling platforms. Gao Zhiyong of PetroChina Dagang Oilfield Company said this is the company’s first digital offshore platform.

The platform was installed at the Zhaodong oil field, where oil has been produced for almost 30 years. Thanks to the constant improvement of technology, daily production from the old field has not decreased in recent years.

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This forum was organized by the State Energy Administration of the People’s Republic of China and the China National Petroleum Corporation “CNPC” and is aimed at strengthening and developing energy cooperation.

The event was attended by leaders of the State Energy Administration of the People’s Republic of China, the government of Shandong Province, the State Development and Reform Committee of the People’s Republic of China, the largest oil and gas companies in China, such as CNPC, Sinopec, CNOOC, PetroChina International, PipeChina, China Huaneng, Goldwind, heads of leading analytical centers and research institutes, including S&P Global Commodity Insights, Forecast Think Tank, Research Center of the State Council of the People’s Republic of China, as well as representatives of diplomatic missions accredited in China.

In his speech at the opening ceremony of the forum, Shakhrat Nuryshev noted the main directions of further interaction in the field of oil and gas cooperation between the two countries. He emphasized that cooperation between Kazakhstan and China in the field of oil and gas is mutually beneficial and strategic. The Kazakh diplomat noted Kazakhstan’s readiness to expand cooperation with China not only in the oil and gas sector, but also in the development of renewable energy sources and the development of a green economy. He also informed about the Comprehensive Plan for the development of the largest oil, gas and petrochemical projects for 2023-2027, approved by the Government of Kazakhstan, with an expected investment volume of $37.3 billion.

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Pipeline gas imports are expected to rise by 8.2% to 72.6 billion cubic meters, driven by supplies from Russia. In 2023, this figure increased by 6.6%.

Natural gas production in China itself should grow by 4.5% to 245.8 billion cubic meters in 2024, CNPC predicts. Demand for natural gas in the country is expected to increase by 6.1% to 415.7 billion cubic meters. In 2023, this figure increased by 7.6%.

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