“Eurasia” project will be continued

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Thursday, 14 April 2016 17:49

On April 14, the meeting of the Roundtable on “Eurasia” project was held under the chairmanship of Kanat Bozumbayev, the Minister of Energy of RK.

The meeting was attended by: Shkolnik V.S., RK Presidential Advisor, Karabalin U.S., Deputy Chairman of the Management Board of “KAZENERGY” Association, Mynbayev S.M., Chairman of the Management Board of “KazMunayGas” NC” JSC, Nurabayev B.K., Chairman of the Committee of Geology and Subsoil use of MID RK, representatives of foreign and transnational companies.

The project implementation was discussed at the Roundtable. It was noted that in the part of geological exploration state, “KazMunayGas” NC” JSC had already conducted work on integration and analysis of available geological and geophysical data. “Eurasia” project implementation has positive legislative developments associated with tax and customs preferences.

The need to attract foreign and transnational companies to participate in “Eurasia” project was noted during the Roundtable. For this purpose, ME RK and “KazMunayGas” NC” JSC plan to conduct several meetings with the interested parties and to cover them in mass media.

Background information. “Eurasia” project includes exploration of deep-sunk deposits geological structure in the Caspian Lowland, as well as raw hydrocarbon prospecting. By the preliminary assessment, the deep-sunk deposits may contain the reserves in amount of 63 bn. tons of reference fuel.

“Eurasia” project implementation is approved by the heads of RK and RF, the Memorandum of Understanding is signed between MID RK and Rosnedra RF Federal Subsoil Agency to exchange geological and geophysical data. During the meeting of the interdepartmental commission chaired by the Prime Minister Massimov K.K., the issues associated with provision of tax and customs preferences on “Eurasia” project by RK were approved.


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