Kazmunaigas and Shell signed memorandum of mutual understanding

Yesterday KazMunaiGas (KMG) national oil and gas company and Shell Kazakhstan Development B.V. signed the memorandum on mutual understanding to study possibilities of cooperation in field of geological characteristics of the field within the framework of “Road Map of Scientific-Technical Development of Kazakhstan’s Oil and Gas Industry” during the VIII Eurasian Forum Kazenergy in Astana

“I am glad that Shell and KMG start implementation of the Road Map within the framework of the commitments undertaken at the Council of Foreign Investors,” said Campbell Kier, General Director of Shell Kazakhstan Development B.V.

He expressed confidence that optimization of partnership within the framework of the Road Map will contribute to establishing cooperation between business and science and will allow focusing on economically efficient studies and technological developments in Kazakhstan.

“The Road Map will be a guide for development of Kazakhstan’s oil and gas industry determining a step-by-step development of the field,” said Magzum Mirzagaliyev, deputy chairman of Board for Innovative Development and Service Projects, who has signed the memorandum on behalf of the national company.—0-