Kazakh Oil Company Enhances Russian, Kazakh Cooperation

KazakhOil AktobeAKTOBE REGION – KazakhOil Aktobe is an example of beneficial cooperation between oil production specialists from Kazakhstan and Russia.

The company was founded by state-owned KazMunayGas and Caspian Investments Resources, a Lukoil Overseas and Sinopec joint venture.  KazakhOil Aktobe has been involved in the development of the Alibekmola and Kozhasai oil and gas fields since 1999. In 2004, the company produced its first million tonnes of black gold and last year reached its jubilee goal of 10 million tonnes of crude oil.

KazakhOil Aktobe is one of the largest companies in the region’s oil sector and is viewed as a responsible social and corporate partner. The basis of this success is the company’s high growth rates in hydrocarbon production, its professionalism, advanced technology and the competency of its staff. Today, the organisation employs more than 600 specialists.

Two years ago, under a State Programme of Accelerated Industrial and Innovative Development (SPAIID), the company implemented one of its major projects, a new, modern gas-processing complex with advanced technology that meets international environmental safety standards.

More than $270 million was invested in the construction of the facility and more than one hundred new jobs were created. The plant can produce 420 million cubic metres of gas per year, 57,000 tonnes of liquid gas, 320 million cubic metres of commercial dry gas and 10,000 tonnes of granulated sulphur.

According to experts, the new plant will maximise the company’s petroleum production. As a result, harmful emissions will be reduced and the environmental situation in Kazakhstan’s oil-producing regions will improve. In addition, the plant will accommodate a large share of the demand for inexpensive blue fuel.

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