22.12.23
The large Rozhkovskoye gas condensate field, operated by Ural Oil and Gas LLP, launched commercial production on Dec. 21 in Western Kazakhstan, according to the Prime Minister’s press service. The field is owned by KazMunayGas national oil and gas company (50%), Hungarian multinational oil and gas company MOL Group (27.5%), and Chinese Sinopec international energy and chemical company (22.5%).
Prime Minister Alikhan Smailov inaugurated the production of natural gas and condensate via teleconference and emphasized the strategic importance of the project.
The national budget is expected to be replenished by 501 billion tenge, while 100 billion tenge will go to the local budget due to the project's implementation. The shareholders also plan to spend at least 3.1 billion tenge on socio-economic development of the region and allocate 1% from the investments to the local personnel training.
