BAKU, Azerbaijan, August 3. Prime Minister of Kazakhstan Olzhas Bektenov and President of ExxonMobil Upstream Dan Ammann discussed the company’s ongoing projects in Kazakhstan’s oil and gas sector and prospects for expanding investment cooperation.
According to the press service of Kazakh governmetn, during the meeting, Bektenov highlighted ExxonMobil’s contribution to the development of Kazakhstan’s energy industry and emphasized the government’s interest in strengthening mutually beneficial cooperation with the company.
The talks focused on the implementation of existing joint projects, potential new areas of cooperation, the introduction of advanced technologies, improving operational efficiency and expanding geological exploration activities.
"Dan Ammann presented ExxonMobil's plans for future operations in Kazakhstan and confirmed the company's intention to maintain a long-term presence in the country's oil and gas industry," the statement of the government says.
The parties reaffirmed their readiness to continue cooperation across key areas of the energy industry and further develop investment ties.
ExxonMobil remains a partner in Kazakhstan's largest energy assets, including the Tengiz and Kashagan oil fields, as well as the Caspian Pipeline Consortium. For reference, ExxonMobil has operated in Kazakhstan since 1993 and is among the country's largest foreign investors in the oil and gas sector. The company holds interests in the Tengizchevroil consortium, the North Caspian Project and the Caspian Pipeline Consortium, making it one of the key international partners in Kazakhstan's upstream and export infrastructure.
Earlier Prime Minister Olzhas Bektenov and ExxonMobil Senior Vice President Peter Larden had a discussion in Astana related to production performance and technological cooperation across their joint energy projects. "The sides noted the productive nature of cooperation and reaffirmed their readiness to further strengthen partnership," the government said. According to the government, the talks focused on current production indicators and the further technological development of joint projects.
