Venue of World Petroleum Congress 2017 to be determined today
Canada, Calgary, October 23/ Trend, D. Mukhtarov /
The presentation of potential hosts for the World Petroleum Congress in 2017 took place in the Canadian city of Calgary on Wednesday, KazEnergy Association said.
"The second meeting of the World Petroleum Council will take place in the second half of the day, during which, the country that will host the World Petroleum Congress in 2017 will be elected via secret ballot," the report said.
The applications for the right to hold the event was submitted by the U.S. (Houston), Turkey (Istanbul),Kazakhstan (Astana) and Copenhagen (Denmark).
World Petroleum Congress (WPC) is the most important event in the oil and gas industry, which has been held by the Council of the World Petroleum Congress since 1933. The forum, which is held every three years, brings together a very respectable audience.
The number of its participants reaches 4,000-5,000 people, and these, first of all, are the key figures of the global oil and gas sector, from among the leaders of industry ministries of WPC member states, the heads of the leading companies.
It should be reminded that such well-known companies as ABB, General Electric, Siemens, Honeywall, Saudi Aramco, Petrobras, CNPC, Sonatrach, Gazprom, Lukoil , BP, Chevron, ExxonMobil, PDVSA, Schlumberger, Shell, Total, Qatar Petroleum are the regular participants of the WPC.
In summer 2008 Kazakhstan joined the World Petroleum Council. There were a lot of reasons for this. First of all these are promising oil and gas reserves.
Thus, according to official statistics, the proven reserves of hydrocarbons in Kazakhstan, both onshore and offshore, are estimated at five billion tons or more than 35 billion barrels, and gas - three trillion cubic meters. This is two percent of the world's reserves of 'black gold' and 1.3 per cent of world gas reserves.
Year after year, the republic has been steadily increasing production of 'black gold'.
As of late 2012 the country became the 18th oil producer in the world (1,605,900 barrels a day).
Over 90 per cent of Kazakhstan's oil reserves are concentrated in such fields as Tengiz, Kashagan, Karachaganak, Uzen and others.
The world's largest energy companies such as ExxonMobil, Eni, Shell, Total are operating in Kazakhstan.