BAKU, Azerbaijan, September 30. Kazakhstan’s
QazaqGaz and ExxonMobil discussed opportunities to expand
cooperation in hydrocarbon exploration and production on the
sidelines of the 30th International Exhibition and Conference KIOGE
2026 on September 30 in Almaty.
This was announced in a statement published by QazaqGaz,
following the meeting between Chairman of the Management Board
Alibek Zhamauov and Kenan Nariman, Managing Director of ExxonMobil
Kazakhstan Inc.
"The sides discussed current cooperation and prospects for its
further development, as well as issues related to the development
of Kazakhstan’s oil and gas infrastructure and gas industry",
QazaqGaz said.
Particular attention was paid to opportunities to expand
cooperation in hydrocarbon exploration and production, implement
promising projects, exchange international expertise, and apply
modern technological solutions and best industry practices.
The meeting also highlighted the importance of further
developing the partnership between QazaqGaz and ExxonMobil, taking
into account the company’s extensive international experience and
the potential for joint initiatives in Kazakhstan’s oil and gas
sector.
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.
QazaqGaz is a portfolio company of Samruk-Kazyna. It manages
Kazakhstan's centralized infrastructure for the transportation of
commercial gas through main gas pipelines and gas distribution
networks, provides international gas transit, and sells gas in
domestic and foreign markets. The company also develops, finances,
constructs, and operates gas pipelines and gas storage
facilities.
According to the company's website, the QazaqGaz group operates
gas pipelines with a total length of about 76,000 kilometers,
including around 20,000 km of main gas pipelines with an annual
capacity of up to 267.8 billion cubic meters and approximately
56,000 km of gas distribution networks.