Zarubezhneft signed an agreement of intention with the leading national company of Kazakhstan

Zarubezhneft signed an agreement of intention with the leading national company of Kazakhstan

Today General Director of Zarubezhneft Sergey Kudryashov and Chairman of the Board of the National Company KazMunayGas Alik Aidarbayev signed an agreement of intent to implement joint investment projects.

Cooperation issues were discussed by the companies at the SPIEF-2021 site, where an agreement was reached on the analysis of assets offered by KazMunayGas for consideration. KMG's portfolio consists mainly of mature fields, which determines the priority of exploration in the long-term strategy of maintaining a stable level of production. In the future, the parties plan to agree on the terms of entry on the principles of equity and break-even operation of projects in general for all participants.

“The Republic of Kazakhstan is a priority for us in terms of searching for new investment opportunities. We are connected not only by territorial proximity and historical community, but also by high qualifications of specialists in the oil and gas sector. By the way, the CIS region is of particular interest for Zarubezhneft from the point of view of the development of joint projects. Since 2019, we have been successfully implementing a project in Uzbekistan together with the state-owned company Uzbekneftegaz,” - says Sergey Kudryashov, General Director of Zarubezhneft.

KazMunayGas actively cooperates with Russian oil and gas companies on a number of projects. We are always open and glad to new partners, especially since Zarubezhneft has a rich history and unique experience of working abroad. I am sure that the signed document will become the basis for successful interaction in the future,” - Alik Aydarbayev noted.

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National Company KazMunayGas JSC is the leading vertically integrated oil and gas company in Kazakhstan. KMG manages assets throughout the entire production cycle from exploration and production of hydrocarbons to transportation, refining and the provision of specialized services. The company, established in 2002, represents the interests of Kazakhstan in the country's oil and gas industry.

President of Vietnam visited the office of Zarubezhneft to meet the veterans of Vietsovpetro

President of Vietnam visited the office of Zarubezhneft to meet the veterans of Vietsovpetro
  • Today the President of the Socialist Republic of Vietnam, Nguyen Xuan Phuc, visited the office of Zarubezhneft on the occasion of the 40th anniversary of cooperation between two state-owned companies - Zarubezhneft and Petrovietnam. Veterans who participated in the establishment and development of the key enterprise of the oil and gas industry in Vietnam, JV Vietsovpetro, came to the meeting with the President. The event was attended by Vladimir Stepanovich Vovk, who played significant part in the history of the legendary White Tiger field offshore Southern Vietnam. He held the position of General Director of JV Vietsovpetro from 1988 to 1992, witnessing and participating in the emergence and active growth of Vietsovpetro. The Vietsovpetro veteran Evgeniy Vladimirovich Krupenko, who had worked in the joint venture for 20 years, also addressed the President of Vietnam. He arrived in Vietnam in July 1993 as the master of the offshore fixed platform and later became the deputy chief engineer of Vietsovpetro. During this period, there was an intensive development of production facilities of the White Tiger and Dragon fields, as well as an increase in the rate of oil and gas production. The veterans noted that despite their work in the most difficult living and production conditions, they recall the times of their work in Vietnam with warmth and gratitude and hope to see their Vietnamese colleagues. The President of Vietnam thanked the veterans for their invaluable contribution to the development of not only the joint venture, but also the whole national industry of the country. The meeting was also attended by Anastasia Bondarenko, Deputy Minister of Energy of the Russian Federation, who noted the high importance of Russian-Vietnamese cooperation in the area of energy, the need for its development, including new directions, taking into account global trends. The Deputy Minister expressed the opinion that the joint venture is the result of not only industrial cooperation, but also a real feat for the sake of friendship and well-being of Russia and Vietnam. At the closing of the event, the Chairman of the Board of Directors, Yevgeniy Murov, and the General Director of Zarubezhneft, Sergey Kudryashov, were honored with the state award of the Socialist Republic of Vietnam - the Order of Friendship - awarded personally by the President of Vietnam. Meeting with veterans of JV Vietsovpetro completed the official program of the visit of the Vietnamese delegation. The parties expressed confidence in the successful development of cooperation, since they managed to discuss the issues most important for the project.