Oil and Gas industry in the Republic of Kazakhstan

Kazakhstan!!!

oil reserves in the world, following Saudi Arabia and Iraq.

Proven sea and land hydrocarbon reserves of Kazakhstan are estimated at about 30 billion barrels.

oil- and gas-rich regions of Kashagan Tengiz Karachaganak

to be the largest oil field discovery in the last

30 years. The Kashagan Field, located 80 kilometers south-east of the city of Atyrau in the northern part of the Caspian Sea region, is operated by Agip KCO. The field is estimated to hold a maximum of 38 billion barrels of oil, of which 13 billion barrels may be potentially extracted by re-injecting acid gases.

Caspian Sea), whose estimated commercial oil reserves are about 6

billion barrels, is operated by Tengizchevroil whose major shareholders are Chevron, Exxon Mobil, KazMunaiGaz and LUKArco.

city of Uralsk in the north-west of Kazakhstan and operated

by Karachaganak Petroleum Operating) holds 50 billion cubic feet of gas, 5.2 billion barrels of liquid condensate and 1.4 billion barrels of oil available for commercial extraction.

cubic metres and estimated gas reserves amount to 5,000 billion

cubic metres. The majority of the gas reserves are located in the west of Kazakhstan, close to the Caspian Sea region.

Zhanazhol in the west near the city of Aktobe.

international oil companies (Chevron-Texaco, Exxon Mobil, Shell, TotalFinaElf, British Gas,

Statoil, Eni-Agip, Philips Petroleum) oil exploitation in Kazakhstan went up from 530,000 barrels a day in 1992 to more than a million barrels a day in 2005. It is assumed that the total value of investments in the sea areas of the Caspian Sea region will increase from US$ 3.8 billion in the years 2003-2005 to US$ 16.8 billion in the years 2011-2015. Foreign investments in the oil and gas industry in Kazakhstan are made on the basis of production output sharing, exploration and production licenses and joint-venture agreements.

and gas management, including control over compliance with oil extraction

and trade contracts. Moreover, KazMunaiGaz is actively involved in developing the strategy for the use of hydrocarbon reserves, pursuit of the national policy for the oil and gas sector and holding tender proceedings related to operating in the oil sector. In addition to that, the Ministry of Energy and Natural Resources may use the services of KazMunaiGaz in preparing expert's opinions on oil projects, maintenance of oil wells, monitoring extraction, transport and processing activities in respect of hydrocarbons, and other issues involved in operating in the oil and gas sector.

KazTransOil
KazTransGas
Atyrau Refinery
Kazmortransflot
Atyrau International Airport
Eurasia-Air Helicopter

Company
KazTransCom Telecommunications Company