As a part of its incessant attempts to consolidate its presence in the energy sector of Central Asia, on January 17, the board of executives of the Russian company, Lukoil, endorsed the purchase by its daughter company, Lukoil Overseas, of 6.6 percent of shares in transnational Aral Sea Operating Company. The Aral Sea Operating Company was set up in 2006 to explore and develop Uzbekistan’s oil and gas fields in the Aral Sea on a Product Sharing Agreement basis. With the additional acquisition, Russian shares in the transnational Aral project joined by Uzbekistan’s Uzneftegaz national holding, Chinese CNPC International, South Korean KNOC Aral and Russian Lukoil Company totals 26.6 percent. The 6.6 percent of shares purchased by Lukoil earlier belonged to Malaysian Petronas Company, which abandoned the project in 2011. READ MORE

The Japanese-Kazakh relations in the economic sphere are rapidly developing in recent years. Kazakhstan ranks first among the countries of Central Asia in the volume of trade and the amount of the Japanese investments, that gives reason to confirm Kazakhstan is a very important partner of Japan in this region, Minister of Foreign Affairs of Japan Kōichirō Gemba has told in an interview with Kazinform. READ MORE

More than 70% of Kazakhstani oil from the scope of oil exported to world markets via the so-called Caucasian corridor, shall flow through the Black Sea port of Batumi, which as known is a property of national company of our Republican “KazMunajGaz”. READ MORE

As a part of Lukoil's incessant attempts to consolidate its presence in the energy sector of Central Asia, on January 17, the Russian company's board of executives endorsed the purchase by its daughter company, Lukoil Overseas, of 6.6% of shares in the transnational Aral Sea Operating Company. READ MORE