LUKOIL has been operating in Kazakhstan since 1995. The Company is a party to several onshore production projects and a member of the Caspian Pipeline Consortium (CPC). LUKOIL has been investing substantial sums both in production projects and in the region’s social development.
|LUKOIL Overseas Karachaganak B.V.||Production of oil, gas and condensate and liquid hydrocarbons|
|LLP LUKOIL Kazakhstan Upstream||Exploration and production of hydrocarbons|
|LLP LUKOIL Lubricants Central Asia||Lubricants|
The Karachaganak field is one of the world’s largest oil-gas-condensate fields.
The Tengiz field (one of the world’s largest) and Korolevskoye field that are part of the Tengiz project are located in the Atyrau region in Kazakhstan, 120 km away from the city of Atyrau.
Caspian Pipeline Consortium
The Caspian Pipeline Consortium (CPC) is the only privately owned mainland pipeline in Russia and Kazakhstan.
In April 2019, LUKOIL concluded an agreement with KazMunayGaz for exploration and development of hydrocarbons in the Zhenis block in the Kazakh sector of the Caspian Sea with depths ranging from 42 to 150 metres in the area where the block is located. Parties to the project include: LUKOIL — 50%, KazMunaiGaz — 50%. In accordance with the agreement, the exploration period is 9 years and the production period is 25 years.
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LUKOIL, the Ministry of Energy of the Republic of Kazakhstan and KazMunayGas concluded a contract for the exploration and development of hydrocarbons on the Zhenis block in the Kazakh Sector of the Caspian Sea.
LUKOIL announced a closed a deal with Sinopec selling LUKOIL’s 50% stake in Caspian Investment Resources Ltd. that through a number of joint ventures holds different stakes in four development projects in Kazakhstan, i.e. Alibekmola and Kozhasai, Arman, Karakuduk and Northern Buzachi.
LUKOIL received the Kazakh President’s Award “Paryz” as the best corporate citizen.
Memorandum of Cooperation was signed between PJSC LUKOIL and Nazarbaev University in Astana.
LUKOIL received an award of the Tanym Kazakh Civil Forum as the best social project.
LUKOIL received the Kazakh President’s award “Paryz” as the best social project.
LUKOIL joined five hydrocarbons development projects in Western Kazakhstan, i.e. Alibekmola and Kozhasai in the Aktyubinsk region, Karakuduk, Northern Buzachi and Arma in the Mangistau region (LUKOIL withdrew from these projects in 2015).
LUKOIL opened its office in Astana.
LUKOIL joined the Tengiz project.
LUKOIL joined the Karachaganak project.
LUKOIL began its operations in Kazakhstan: Yuzhneftegaz (Kazakhstan) and LUKOIL set up a joint venture, i.e. Kumkol-LUKOIL СJSC (at present AO Turgai Petroleum) to produce oil at the Kumkol field.
Charity and sponsorship are an integral part of LUKOIL’s community-centered business in Kazakhstan. The focus of the Company’s social policies in Kazakhstan is on providing care for local residents in the regions of its operations and improving the quality of living. LUKOIL launched its small business development program Akniet and provides support to WWII veterans, disabled individuals, orphans, children from low-income families, health care and sports organizations, regional charity foundations, museums and on-stage performance groups.
Between 2007 and 2013, LUKOIL put forward a social partnership program titled “Aray” (Dawn) covering the Mangitau and Aktyubinsk regions in Kazakhstan, thus making it possible for any rural resident (as long as he or she is a Kazakh citizen) to get on a competitive basis a free grant to start or develop their own business.
Over the six years of the program, the Company reviewed over 6,000 applications filed by rural residents of the Mangistau and Aktyubinsk regions. Partnerships with authorities at all levels in rural populated centers resulted in the creation of 600 new small businesses and individual entrepreneurs offering all sorts of services in the rural areas.
In 2008, the Aray Program received the Kazakh President’s award “Paryz” as the best social project while in 2009, it was marked with an award of the Tanym Kazakh Civil Forum.
In 2012, LUKOIL was awarded a “Paryz” as the best corporate citizen, primarily for its social activities, in particular the Aray Program.
In 2013, the Company launched a new social project titled “Akniet” (Good Intention), now in Kazakhstan’s Kyzylorda region. It relies on the same concept as Aray, however the focus is on social entrepreneurship. What makes the program special is the active involvement of socially vulnerable segments of the population (mothers of many children, unemployed or disabled individuals, re-settlers) for whom bank loans are hard to get. Selection of Akniet contestants covered six categories: “Social Entrepreneur”, “Innovation”, “Applied Arts”, “Care”, “Initiative”, and “Goodness”.
Starting from the project launch, the residents of the Kyzylorda region have submitted over 3.5 thousand applications and received 270 grants (in 2015 alone, 94 residents were awarded Akniet grants). This resulted in the emergence of dozens of small businesses (bakeries, cafes, pharmacies, car service stations, tailor shops, hairdresser's parlors, dentist’s rooms, consumer electronics service centers) and the creation of hundreds of new jobs.