BAKU, Azerbaijan, August 5. Kazakhstan's national gas company QazaqGaz and China's Sinopec discussed prospects for cooperation in geological exploration and the development of new oil and gas fields.
This was reflected in a press release published by QazaqGaz on August 5.
"During the meeting, the parties discussed promising areas of cooperation in geological exploration and the development of new oil and gas blocks," the company said.
According to QazaqGaz, Chairman of the Management Board Alibek Zhamauov met with Zhao Quanming, General Director of Sinopec International Energy Investment Holdings in Kazakhstan.
The discussions also covered the exchange of expertise, advanced technological solutions and industry practices in geological exploration aimed at improving the efficiency of upstream operations.
Sinopec additionally invited QazaqGaz representatives to participate in the International CCUS Forum, which brings together industry leaders, researchers and international experts to discuss carbon capture, utilization and storage technologies and other decarbonization initiatives.
Meanwhile, Energy cooperation has long been one of the pillars of Kazakhstan-China economic relations. Sinopec entered the Kazakh market more than two decades ago and has since participated in upstream projects, oilfield services and refinery modernization, while Chinese companies have become among the country's largest investors in the energy sector.
In recent years, QazaqGaz has also intensified dialogue with Chinese partners as Kazakhstan pursues its strategy of expanding the national resource base, increasing commercial gas production and attracting advanced exploration technologies. The two countries have additionally broadened cooperation under the Belt and Road Initiative, with energy infrastructure, industrial development and technology transfer remaining among the key areas of bilateral engagement.
