QazaqGaz, CNODC plan to expand cooperation in geological exploration

ASTANA, Kazakhstan, February 27. QazaqGaz
Chairman Alibek Zhamauov and Chen Huailong, President of China
National Oil and Gas Exploration and Development Company (CNODC),
reviewed ongoing joint projects and confirm plans to expand
cooperation in geological exploration, Trend reports via QazaqGaz.

According to the company, currently, the flagship joint
initiative between the two companies is the North-1 exploration
block in the Aktobe region. Foundational agreements defining
cooperation terms and the distribution of obligations have already
been signed.

QazaqGaz says that successful implementation of the project is
expected to create a platform for expanding joint activities and
moving toward larger-scale initiatives.

“The national company faces a strategic task to significantly
increase the gas resource base. In the near term, we plan to expand
our exploration project portfolio,” Zhamauov told partners.

During the meeting, the sides emphasized that CNODC is regarded
as one of the key strategic partners in the development of gas
projects in Kazakhstan, highlighting the importance of long-term
cooperation in strengthening the country’s energy security and
resource potential.

CNODC is a wholly-owned subsidiary of China National Petroleum
Corporation (CNPC). CNPC entered Kazakhstan in 1997, engaging in
operations such as upstream oil and gas investments, downstream
refining, construction and operation of oil and gas pipelines, oil
product distribution, and engineering and technical services at oil
and gas fields.