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Astana, Kazakhstan • 04 October, 2023 | 13:20
1 min read

Shell Considers Increasing Short-Term Investments in Kazakhstan

PM Smailov met with Zoe Yujnovich, Shell’s Integrated Gas and Upstream Director

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On October 3, Prime Minister Alikhan Smailov and Zoe Yujnovich, the Integrated Gas and Upstream Director at Shell Global, discussed the development of the Kashagan and Karachaganak fields, the construction of new gas processing plants, and compliance with national environmental legislation, QazMonitor reports citing

During the talks in Astana, Smailov emphasized that the safe operation of Shell's production facilities and compliance with all national environmental requirements should be among the company's top priorities. Furthermore, he noted the company's contribution to the development of the oil and gas industry in the republic and expressed the Kazakh government's commitment to strengthening long-term cooperation.

In turn, Yujnovich confirmed Shell's focus on furthering beneficial cooperation.

"We would like to remain a reliable partner of Kazakhstan. Our past cooperation has been productive and successful. We are prepared to work diligently to strengthen our partnership in the future. We are ready to increase investment in Kazakhstan in the short term and explore new opportunities not only in oil but also in gas," added the company’s representative.

Shell is a global group of energy and petrochemical companies. In Kazakhstan, it operates the Karachaganak field, one of the largest oil and gas condensate fields in the world, with a liquid hydrocarbon production output of 10-11 million tons.

Shell also co-partners in the country in the Kashagan field project. Currently, the North Caspian project provides almost 20% of the country's oil production, playing an important role in the global energy market. Additionally, the company's activities in Kazakhstan involve the creation of infrastructure for hydrocarbon transportation. The first project, the Caspian Pipeline Consortium, implemented in partnership with Chevron, ENI, Lukoil, and other companies, has proven successful.

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