KazMunayGas (KMG) and China’s Sinopec have reached an agreement on the terms for jointly implementing the Berezovski subsoil use project in Kazakhstan’s West Kazakhstan region. The signed documents outline joint activities and formalize the strategic partnership between the two companies.
Kurmangazy Iskaziyev, First Deputy Chairman of the Board of JSC NC KazMunayGas, met with Zhao Quanmin, President of Sinopec-Kazakhstan in Astana on Monday (16 June). The two sides discussed opportunities for cooperation, focusing particularly on joint geological exploration projects.
The companies have agreed to implement the project on a 50/50 basis, with Sinopec funding the exploration phase. The work program includes conducting 2D seismic surveys across 300 linear kilometres, 3D seismic surveys over 300 square kilometres, and drilling one exploration well to a depth of 7,000 metres.
“The potential of the Berezovsky site, identified by KMG through regional studies and 2D seismic surveys conducted in 2023–2024, lies in subsalt formations within the northern margin of the Caspian Basin—an area characterized by deep, geologically and technically challenging conditions,” said Iskaziyev.
“Sinopec brings strong expertise in deep geological research, drilling, and field development, giving us confidence that the planned exploration activities for the Berezovsky project will be successfully carried out,” added Iskaziyev.
U.S. Vice President J.D. Vance visited military personnel in Los Angeles on Friday following their deployment to the city earlier this month in response to protests triggered by federal immigration enforcement actions.
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South Korea’s chief trade negotiator, Yeo Han-koo, will travel to the United States from June 22 to 27 for a new round of high-level discussions aimed at resolving escalating trade tensions, the Ministry of Trade, Industry and Energy announced on Saturday.
US President Donald Trump said Friday that a major deal with Harvard University could be announced soon.
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U.S. Vice President J.D. Vance visited military personnel in Los Angeles on Friday following their deployment to the city earlier this month in response to protests triggered by federal immigration enforcement actions.
As Argentina’s unemployment hits a four-year high, the spotlight has turned to the libertarian administration of President Javier Milei, whose sweeping economic reforms are reshaping the country’s social and labour landscape.
South Korea’s chief trade negotiator, Yeo Han-koo, will travel to the United States from June 22 to 27 for a new round of high-level discussions aimed at resolving escalating trade tensions, the Ministry of Trade, Industry and Energy announced on Saturday.
US President Donald Trump said Friday that a major deal with Harvard University could be announced soon.
US President Donald Trump rejected the official assessment from his intelligence community that Iran is not currently building a nuclear weapon.
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