BAKU, Azerbaijan, October 22. Samruk-Kazyna
Sovereign Wealth Fund Chairman Nurlan Zhakupov and China National
Petroleum Corporation (CNPC) President Zhou Xinhuai have discussed
progress on joint initiatives and prospects for further cooperation
in the oil and gas and energy sectors, according to
Samruk-Kazyna.
The meeting took place in Astana.
“CNPC is a strategic partner of Kazakhstan and the Samruk-Kazyna
Group. In 2027, Kazakhstan and the Chinese corporation will mark 30
years of cooperation. Over the years, the partnership has delivered
a number of major oil and gas projects spanning the entire value
chain, from geological exploration and production to oil
transportation and processing,” Samruk-Kazyna said.
Key joint projects include the North Caspian Project (Kashagan),
as well as JSC Mangistaumunaigas and the Kazgermunai joint venture.
In the first nine months of this year, oil production at the
Kashagan field reached 12.8 million tons, exceeding the target of
11 million tons.
Beyond traditional areas of cooperation, the partnership is also
expanding into renewable energy. The parties expressed their
commitment to the timely implementation of joint projects and
further strengthening their long-term partnership.
Meanwhile, the 4th Kazakhstan-CNPC Technical Seminar was held in
Astana today, focused on introducing modern technologies and
improving the efficiency of developing Kazakhstan’s oil and gas
fields.
Following the seminar, it was proposed to develop a joint
technology implementation plan for 2027–2030. The document should
specify particular fields and pilot sites, responsible executors,
funding volumes, implementation timelines and measurable
performance indicators. It is also proposed to define criteria for
the success of tests and conditions for the transition to
industrial use of the technologies.
