KMG’s Head Magzum Mirzagaliyev Meets with Russian Partners
On 24–25 November, Magzum Mirzagaliyev, Chairman of KMG’s Management Board, visited Moscow to hold some meetings with Russian partners.
At the meeting with Transneft’s President Nikolai Tokarev, M. Mirzagaliyev first of all expressed gratitude to the Russian side for the efforts made to complete the repair of the single point mooring at the Caspian Pipeline Consortium (CPC) offshore terminal.
During the talk, M. Mirzagaliyev emphasised that thanks to the efforts of the Kazakh side and foreign shareholders, CPC is not under international sanctions; however, there are difficulties in supplying equipment to CTC. On its part, KazMunayGas, supported by the Kazakh government, is holding consultations with the EU, US and UK competent authorities to solve the issue.
“CPC is an example of a long-term successful and mutually beneficial international partnership and is the most efficient export route, providing high returns for the shareholders,” KMG’s head noted.
A meeting of M. Mirzagaliyev and CPC’s General Director Nikolai Gorban was also held in Moscow. The parties discussed the reconstruction of the 1,160 m long CPC (203 km) – Kassymov pump station pipeline (intersection) and the supply of new vessels for maintenance of the CPC offshore terminal.
Apart from that, two business meetings were held in Moscow between KMG’s management and Lukoil PJSC. The meetings were devoted to the cooperation in offshore exploration in the Kazakh sector of the Caspian Sea. Particularly, the parties discussed the implementation of the joint projects – Zhenis and Kalamkas-Sea/Khazar.
For the Zhenis project, mobilisation of the Dada Gorgud semi-submersible rig is scheduled to be commenced on 1 December, and drilling – on 15 December of this year. M. Mirzagaliyev expressed hope for the successful implementation of the project in spite of the challenges the companies face in the process.
For the Kalamkas-Sea/Khazar project, KMG and LUKOIL signed a supplementary agreement for the commercial conditions of joint implementation in June 2022. Concurrent work is underway to amend laws of the Republic of Kazakhstan in order to adopt the Improved Model Contract (IMC) for subsoil use in the area of hydrocarbons. Once the IMC is adopted, the parties will be able to submit documents to the Ministry of Energy of the Republic of Kazakhstan to obtain and conclude a subsoil use contract.