BAKU, Azerbaijan, September 28.
KAZENERGY Chairman Serikkali Brekeshev met with Yuri Kim, Senior
Director of International Government Relations at ExxonMobil, to
discuss industry and investment priorities, KAZENERGY said
today.
Brekeshev outlined the Association’s ongoing work
with the newly constituted Kurultai, as well as legislative
initiatives being advanced in cooperation with industry
stakeholders.
The participants also exchanged views on the
development of energy projects in the region. ExxonMobil
representatives provided an update on the recently signed
production sharing agreement between ExxonMobil and Azerbaijan’s
SOCAR.
The meeting also covered preparations for the 26th
WPC Energy Congress, which will be held in Astana on June 11–15,
2028, and ExxonMobil’s potential participation in the event’s
business program. The parties expressed interest in continuing
their dialogue and developing cooperation in areas of mutual
interest.
ExxonMobil has operated in Kazakhstan since 1993, it
holds a 25% stake in Tengizchevroil consortium developing the
Tengiz oil field. The company also holds a 16.81% stake in the
North Caspian Operating Company (NCOC), which is developing the
Kashagan offshore oil field in Kazakhstan’s sector of the Caspian
Sea. ExxonMobil holds a 7.5% stake in the Caspian Pipeline
Consortium (CPC) through its affiliate Mobil Caspian Pipeline
Company.
On the sidelines of the 2nd Azerbaijan International
Investment Forum on September 26 in Baku, President of SOCAR
Rovshan Najaf and Global Unconventional Exploration Manager at
ExxonMobil Keith Simpson exchanged a production sharing agreement
between the companies on the exploration, development, and
production of unconventional hydrocarbon resources in the Middle
Kura basin of Azerbaijan.
