Essay in Kazakhstan Improvement 2030

Gas and oil

Industry record

Miramgul Maralova

[email protected] kz

7(727)2446538

Profit the clip or barrel

December 30, 2012

The oil and gas market is the leading sector of Kazakhstan‗s economy. It really is responsible for the preponderance of exports and fiscal revenue, and it is the target pertaining to the overpowering majority of immediate international purchases. In a 2012 BP Statistical Review, Kazakhstan ranked twelfth globally in the amount of proven oil

reserves and ranked sixteenth in development worldwide.

Strength exports have been a major driver of Kazakhstan‘s

economic development over the last ten years, as essential oil production went up significantly and global olive oil prices were high. Yet , such expansion has made Kazakhstan dependent on oil exports and vulnerable to changes in petrol prices.

During the past several years, the us government of Kazakhstan has

moved to rectify these kinds of vulnerabilities inside the hydrocarbons sector and is now more assertive towards international consortia and

smaller sector players. The us government hiked fees on olive oil

production and exports, tightened regulations, specifically

environmental, neighborhood content requirements and transfer pricing, extended the part of KazMunaiGas NC, the state-owned olive oil

company, by introducing a primary buyer best for the sales of subsoil rights. All of these as well as other money tools have got allowed the government to increase it is stake in Kazakhstan‘s two giant tasks, Kashagan, oil reserves off of the Caspian Sea and

Karachaganak, a gas condensate field in the northwest. Labeled ‗resource nationalism‘ worldwide, in Kazakhstan this policy shift reflects several trends at once.

Whilst Kazakhstan‘s expenditure climate is regarded as one of the most stable in the CIS, we believe that asserting more power in the sector is a very clear risk.

In this report we offer an overview with the regulatory and fiscal regime; check out the expenditure climate and risks; and analyze the effects of resource nationalism. The analysis includes a explanation of all 3 Kazakhstan‘s essential oil and gas projects and more compact industry players, including a profile of gasoline transportation and refining groups.

Oil and gas sector

December 2012

Executive summary

4

you Investment and regulatory environment

7

1 . 1

Creation and supplies

7

1 ) 1 . one particular

Oil

7

1 . 1 . 2

Gas

7

1 ) 2

Monetary outlook

being unfaithful

1 . 3

The position of the State: resource nationalism

11

1 ) 4

Money environment

14

1 . 5. 1

The modern tax code

14

1 ) 4. two

The 2010 Law upon Subsoil and Subsoil Make use of

16

1 ) 4. three or more

Preemptive right of express

19

1 ) 4. 5

New Regulation on Gas and Gas Supply

twenty one

1 . a few

Investment weather and dangers

2 Sector overview

twenty two

25

2 . 1

Structure

25

installment payments on your 2

Large key oil and gas projects of Kazakhstan

twenty six

2 . 2 . 1

Tengiz

26

installment payments on your 2 . two

Karachaganak

twenty eight

2 . 2 . 3

Kashagan

29

installment payments on your 2 . 5

KazMunaiGas Countrywide Company

32

2 . installment payments on your 5

KazMunaiGas EP

37

2 . 2 . 6

Mangistaumunaigas

38

2 . 2 . six

Aktobemunaigas

38

2 . installment payments on your 8

Kazakhoil Aktobe

39

2 . installment payments on your 9

PKI

39

installment payments on your 3

Smaller industry players

40

installment payments on your 3. you

Zhaikmunai

41

2 . 3. 2

Max Petroleum

40

2 . 3. 3

Tethys Petroleum

43

2 . a few. 4

Jupiter Energy

forty-four

2 . several. 5

Roxi Petroleum

forty-five

2 . 3. 6

Condor Petroleum

46

2 . 3. 7

Caspian Energy

forty seven

2 . several. 8

Little private firms

48

3 Exports

three or more. 1

49

Oil travel

49

a few. 1 . 1

KazTransOil

fifty-one

3. 1 ) 2

Caspian Pipeline Pool (CPC)

52

3. 1 . 3

Kazakhstan-China Pipeline (KCP)

52

3. 1 . four

Kenkiyak – Atyrau (Munaytas Company)

53

3. 1 . 5

Karachaganak Atyrau Vehicles System (KATS)

53

three or more. 1 . six

Yeskene-Kuryk

53

3. 1 ) 7

Kazmortransflot

54

a few. 2

Gas transportation and marketing

a few. 2 . you

KazTransGas

fifty-five

56

two

Oil and gas sector

December 2012

3. 2 . 2

Central Asia - China pipe

57

3. 2 . several

Bukhara – Ural gas pipeline

57...



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