Page 18 - FSUOGM Week 23 2021

FSUOGM NEWS IN BRIEF FSUOGM

The parties discussed the construction the charter capital of Al-Farabi Operating hectares of evaporation ponds.
project for the Soyuz Vostok gas pipeline, LLP, which operates the exploration and “Once implemented, the project will
which is meant to provide supplies of production project at Al-Farabi block increase water reuse and reduce the
Russian gas to China via Mongolia. (previously known as I-P-2 block). withdrawal of freshwater from the Ural
Particular attention was paid to, among Upon meeting a number of conditions River. The latter is especially important for
other things, the results of the approved listed in the agreement, Lukoil will join the the Atyrau region, known for its low levels
feasibility analysis for the project and the exploration and production project, which of rainfall throughout the year,” the EBRD
ongoing preparation of the corresponding is located in the Kazakh section of the said in a statement.
feasibility study, which is planned to be Caspian Sea. The new treatment facilities will
completed before the end of this year. Lukoil, the Ministry of Energy of the eventually lead to improvements in the
The St Petersburg event was held at the Republic of Kazakhstan and KazMunayGas quality of treated industrial wastewater,
EXPOFORUM Convention and Exhibition had earlier concluded a contract for the full substitution of freshwater intake
Centre from June 2 to 5. This year's main hydrocarbon exploration and production in from the river and a reduction in odours
theme was "A Collective Reckoning of the the Zhenis block. Lukoil and KazMunayGas associated with the refinery’s obsolete
New Global Economic Reality." also stand as strategic partners in the large- treatment facility and canals.
On December 5, 2019, Gazprom and scale Karachaganak and Tengiz projects To date, the EBRD has invested over
the government of Mongolia signed a along with joint ventures that develop the $7.95bn in the economy of Kazakhstan via
memorandum of understanding. The Khvalynskoye and Tsentralnoye fields. The 280 projects.
document provided for a joint assessment of two firms are also involved in the Caspian
the feasibility of the pipeline project. Pipeline Consortium oil transportation
In April, the feasibility analysis regarding project. Lukoil ‘aims to join
the construction project for the Soyuz The signing of the deal took place on
Vostok gas trunkline was approved. The June 4 at the St Petersburg International Azerbaijani, Turkmen
Soyuz Vostok gas pipeline will become an Economic Forum (SPIEF)..
extension of Russia's Power of Siberia 2 gas Dostlug oil field project as
pipeline.
In the course of the feasibility analysis, EBRD to provide $80mn operator’
the basic technical and technological
parameters of the project were established. to fund upgrades of Lukoil is in talks to join the project jointly
These include the optimal route for the devised by Azerbaijan and Turkmenistan to
gas pipeline on Mongolian territory, the wastewater treatment develop the Dostlug oil field in the Caspian
pipeline's length and diameter, the working Sea, according to president and co-owner of
pressure and the number of compressor facilities at Kazakhstan’s the giant Russian company Vagit Alekperov,
stations. as cited by TASS.
The feasibility study regarding the Atyrau refinery “Lukoil expects to become the operator
construction project for the Soyuz of the field,” Alekperov reportedly said
Vostok gas trunkline includes a detailed The European Bank for Reconstruction on June 3. “Negotiations are under way.
breakdown of the associated investment and and Development (EBRD) is to allocate a We are actively involved in this process.
operating costs. It is being prepared by the $80mn-equivalent loan to fund upgrades of We are very grateful to both the president
Gazoprovod Soyuz Vostok special-purpose wastewater treatment facilities at the Atyrau of Turkmenistan and the president of
vehicle. oil refinery in Kazakhstan. Azerbaijan for involving Lukoil in this
The financing is set to benefit nearly process.”
300,000 inhabitants of Atyrau in western “Another intergovernmental agreement
Lukoil, KMG sign deal on Kazakhstan. The remediation work will and PSA agreement are being prepared,” he
added, also stating that Lukoil did not yet
result from a long-term engagement
sale of 49.99% stake in between the EBRD and the refinery that know the size of the stake it might obtain in
the project.
combines funding and reforms aimed at
Al-Farabi block reducing the plant’s environmental impact. 50mn tonnes of oil..
The Dostlug field is estimated to hold
The EBRD loan will be disbursed
President of Russian oil firm Lukoil, in Kazakh tenge. The lending will help
Vagit Alekperov, and chairman of the the Atyrau oil refinery - a subsidiary of
management board of Kazakh state-run state-run oil and gas firm KazMunayGas
oil & gas company KazMunayGas, Alik - construct a secure 3.5 kilometre sewage
Aidarbayev, signed on June 4 a sale and pipeline, modernise industrial wastewater
purchase agreement for a 49.99% stake in treatment facilities and overhaul 860

P18 www. NEWSBASE .com Week 23 09•June•2021