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Kazakhstan's KazMunayGas, LUKOIL strengthening partnership

Kazakhstan Materials 17 June 2022 14:53 (UTC +04:00)
Kazakhstan's KazMunayGas, LUKOIL strengthening partnership
Nargiz Sadikhova
Nargiz Sadikhova
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BAKU, Azerbaijan, June 17. Board Chairman of Kazakhstan’s KazMunayGas (KMG) Magzum Mirzagaliyev and President of Russian LUKOIL company Vadim Vorobyov signed anadditional agreement (to the Agreement on Principles for the Kalamkas Sea and Khazar project) at the St. Petersburg International Economic Forum (SPIEF), Trend reports via KMG.

The document envisages work on the selection of the field development concept, as well as commercial conditions for the joint implementation of the project.

During the forum, a trilateral meeting was held with Mirzagaliyev, Vorobyov and Chairman of the Management Board of Kazakhstan's Samruk-Kazyna JSC Almassadam Satkaliyev participating.

During the negotiations, the progress of the implementation of current projects and further areas of joint activities were discussed.

The agreement on principles, envisaging the concept, details and conditions for joint development of fields, was signed on November 16, 2021.

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