ASTANA, Kazakhstan, May 29. The Prime Minister of the Republic of Kazakhstan, Olzhas Bektenov, held a meeting with Peter Larden, Senior Vice President of ExxonMobil, and discussed the expansion of cooperation, Trend reports.
The meeting focused on the current status and progress of key joint projects, including the Tengiz and Kashagan fields, as well as the continued operation of the Caspian Pipeline Consortium pipeline system. Special emphasis was placed on the launch of the future expansion project at Tengiz, which will strengthen Kazakhstan’s position in the global energy market.
The Prime Minister emphasized the need to intensify efforts to increase the share of local content in the procurement of goods, works, and services within the Tengiz project, where the level of localization for goods remains insufficient.
“The parties discussed the implementation stages of the development of the Kashagan field, including preparations for the launch of Stage 2A, which involves plans to increase production volumes and construct a gas processing plant with a capacity of 2.5 billion m³/year. The importance of expedited decision-making on the implementation of Stage 2B was highlighted. Since the project’s launch, approximately 906 million barrels of oil and 75 billion m³ of gas have been extracted from the field, with total recoverable reserves of about 15.885 billion barrels of oil and 1.4 trillion m³ of gas,” said the press service of the Prime Minister of Kazakhstan.
In addition, issues related to ensuring the stable and uninterrupted operation of the Caspian Pipeline Consortium pipeline, which plays a key role in transporting Kazakh oil to external markets, were reviewed.
Following the meeting, the parties confirmed their readiness for an open and constructive dialogue aimed at strengthening the partnership and implementing large-scale investment projects.
ExxonMobil is one of the world’s largest publicly traded oil and gas companies, headquartered in Spring, Texas, near Houston. Formed in 1999 through the merger of Exxon and Mobil, it traces its origins to John D. Rockefeller’s Standard Oil Company, established in 1882. The company operates globally, with a workforce of approximately 60,900 employees as of 2024 .
