Heads of KazMunayGas and LUKOIL Discuss Prospects for Cooperation
Alik Aidarbayev, Chairman of the Management Board, JSC NC "KazMunayGas", has held a meeting with Vagit Alekperov, President of PJSC LUKOIL, who is on a working visit in Kazakhstan.
The parties discussed current cooperation issues and business opportunities.
In particular, the two leaders exchanged opinions on the development plans for the new Caspian offshore production projects: Zhenis and Al-Farabi. They also talked about the terms of joint operations on the Kalamkas-Sea and Kalamkas project.
KazMunayGas and LUKOIL share a strategic partnership under the Agreement on joint studies of subsurface in order to assess the hydrocarbon potential of certain areas on the territory of the Republic of Kazakhstan. The companies cooperate on the Karachaganak, Tengiz, Al-Farabi and Zhenis projects, take part in the Caspian Pipeline Consortium project and in joint ventures, created to develop the Khvalynskoye and Tsentralnoye fields.