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Canadian firms ready to invest in oil and gas companies of Kazakhstan

Oil&Gas Materials 25 September 2018 16:09
A number of Canadian companies from the province of Alberta in Canada are ready to establish their subsidiaries in Kazakhstan and invest in the oil and gas and energy sector of the country.
Canadian firms ready to invest in oil and gas companies of Kazakhstan

Baku, Azerbaijan, Sept. 25

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A number of Canadian companies from the province of Alberta in Canada are ready to establish their subsidiaries in Kazakhstan and invest in the oil and gas and energy sector of the country, the Director General for Trade and Investment, Environment and Energy of Europe Branch of the Government of Alberta Laurent Auger said at the conference, Kazinform reported.

The delegation from Canada has arrived in Almaty within the framework of the Kazakhstan International "KEOGE" - "Oil and gas" exhibition.

"Alberta is one of the 10 provinces in Canada where the oil, gas and energy sector is developed. This province is the third largest oil and gas production site in the world, using the latest technologies. We would like to show our capabilities in this industry, as well as to study Kazakhstan's experience in the framework of cooperation in this area. Probably, after studying the experience in the framework of the exhibition, our companies will want to open their offices in Kazakhstan," Laurent Auger said.

Four years ago, Canadian oil producers have already opened their representations in Kazakhstan.

The conference has been organized by the Canada Eurasia Russia Business Association (CERBA) in the framework of the meeting of the Kazakhstan-Canada Business Council (KCBC).

Within the framework of the event, a Memorandum on cooperation in the energy and oil and gas sectors was signed with the Kazakhstan’s association of oil, gas and energy sector organizations "Kazenergy".

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