BAKU, Azerbaijan, August 27. Kazakhstan's
Ministry of Energy and Saudi Arabian SNF SA have signed a
memorandum of cooperation to develop local production of polymer
products and equipment for the oil and gas industry, the ministry
said.
The memorandum was signed on the sidelines of the Kazakhstan
Forum on Enhanced Oil Recovery (EOR) 2026, being held in Astana on
August 26-28.
Under the agreement, SNF SA is considering investing up to 100
million euros in developing local production facilities in
Kazakhstan.
The project is expected to meet the needs of major oil and gas
industry customers, increase local content and create opportunities
for the implementation of regional projects.
"Developing technological cooperation and attracting
international companies to create production facilities in
Kazakhstan is of particular importance. Such projects contribute to
technology transfer, localization and the development of domestic
competencies," Kazakhstan's Vice Minister of Energy Yerlan Akbarov
said.
The memorandum also provides for the introduction of advanced
technologies and the transfer of relevant expertise to
Kazakhstan.
The SNF delegation at the signing included Flavien Gathier,
director of engineering for enhanced oil recovery applications and
oil and gas solutions. Representatives of Alstron, Pavel Kibitkin
and Alexey Antonnikov, also attended the meeting.
The EOR forum brings together government officials, oil and gas
companies, researchers, international experts and oilfield service
companies. Discussions focus on modern chemical, gas, thermal and
combined EOR methods, localization of oilfield equipment and
chemical reagents, and mechanisms for introducing advanced
technologies at mature oil fields in Kazakhstan.
