This website uses cookies to ensure you have the best experience. Learn more

An Investigation Study Of Development Of Oil And Gas Industry In Kazakhstan

3714 words - 15 pages

Westminster International College
Module Title: Research Skills
Programme: BABS
Semester: Three
Academic Year Period: June 2012 –September 2012
Lecturer: Dr. Kui Juan Tiang
Date Given and Available on the Student Portal: 6 July 2012
Date of Presentation: Week Beginning 6 August 2012
Date of Completion and Submission: 15 August 2012
Submission Method: Online via Turn It In with one hard copy to the Examinations Department
Assessment Type: An individual presentation and type-written assignment
Student: Aliaskar Batyrbek
Student ID: NE/WICKL/UWIC/BABS/1011/0117
Assignment Topic: An investigation study of development of oil and gas industry in Kazakhstan

Table of Contents
2 ...view middle of the document...

7 million square kilometers. It is a post-soviet country which became independent only in 1991. Kazakhstan has a significant proved oil reserves with a world total share approximately about 2%. (BP, 2012) It ranks #11 at the world by this indicator and ranks #19 by oil production. (CIA, 2012) According to the Kazakhstan’s most powerful oil and gas company report (KazMunaiGas), country has the largest recoverable crude oil reserves in the Caspian region.
History of industry
The high probability of finding oil first was marked by Russian militaries, travelers and scientists in the first half of XVII century. In the far 1899 at the field called Karachungul the first gas-oil fountain started to work. An exploitation of oil and gas resources of Kazakhstan started. It was also the start of history of national industry. However the most brilliant pages in the chronicles of industry are written during the last decade. (IPR, 2012)
In 2001 the government of already independent Kazakhstan fell into conditions which required a progressive development of economy. An oil and gas industry has suffered of lack of experience in this area particularly specialists and experts. At that time, government started to attract FDI in order to start exploration and production of oil and gas.
Today oil and gas industry takes almost 60% of exportation of a country. (CIA, 2012) A development of Kazakhstan’s key oilfields will get a country one of the world’s top 5 oil producers. It is expected to increase a production minimum twice by 2019. (EIA, 2012)
“Kazakhstan’s oil and gas sector plays a significant role in the economy and will continue to be a main driver of growth” reports (IMF, 2011)

Research Objectives
* To survey how geographic factors impact on the development of the oil & gas industry in Kazakhstan
* To explore finance factors which affect to the…
* To investigate how government policies effect on the…
* To analyze how R&D factors influence to…
* Figure 1
Figure 1
To understand market prospects of the…
To perform a good research about development of oil and gas industry of Kazakhstan the first thing to do is to survey all geographical factors, how factor impacts on the issue;
Secondly there are financial factors which also affect to the development of the industry, so there is need to explore them;
The next step contains an investigation of government policies and the effect of them;
Further, there is analysis of the influence of R&D factors to the industry;
And finally to understand market prospects for the oil and gas industry.

Literature Review
Geographic Factor
As cited above, Kazakhstan is the largest landlocked country in the world with significant boundaries on the Caspian Sea. An oil and gas reserves were estimated 30 billion barrels by (BP, 2012)

Figure 2 (KMG, 2012)
Kazakhstan has a unique geographical location, so oil and gas cluster is spread throughout the country, not in the specific area. In...

Other Papers Like An Investigation Study Of Development Of Oil And Gas Industry In Kazakhstan

Investigation Of Reproduction And Development In Animals

862 words - 4 pages Investigation of Reproduction and Development in AnimalsCycles, Conception and ContraceptionFertility is the condition of being fertile. The aim of contraception is to inhibit fertility in individuals, hence, slowing population growth. The system by which all female contraception must operate: the menstrual cycle.What is the menstrual cycle? and what hormones are involved in controlling it?After puberty, the female produces an egg each month

Prospects of Shale Gas Development in India

3100 words - 13 pages extremely high pressures which leads to fracturing of rocks. Unavailability of water would pose a logistic challenge and increase additional costs. What is also required is a well-established pipeline infrastructure and gas market, deregulated natural gas prices, favorable geology and supportive research and development in the sector of natural gas. A significant modification is required in the current energy policy in India. Oil companies in

Position of Kazakhstan in International Trade and Business

5555 words - 23 pages Kazakhstan. The EU is also pushing for an “Enhanced Partnership Agreement” with Kazakhstan. The goal is to protect the presence of European companies in the country is increased. In the Asian region, the principal investors have been China and Russia. Many of the companies from these countries target the energy and mining sectors. Chinese firms are well known for investing in the oil and gas industry. Statistics shows that by 2015, Chinese companies may

Supply Chain in Oil and Gas

4244 words - 17 pages firm who completes their tasks completely before handing off their finished goods to the other firms or phase in the chain. ”The output of production is the input to the refinery, while the output of the refinery is the input to marketing. Therefore, the oil and gas industry provides an excellent avenue for vertical integration” (Chima, 2007). The choice to opt for vertical integration must be evaluated to determine if having the work

Oil and Gas Prices

1861 words - 8 pages Oil and Gas Prices Darlene Dant COM 150 In August 2006 the American national average for a gallon of gas was $3.09. Gas prices hit an all time high in July 2008 with a national average of $4.12 per gallon. By December 2008 the national average for a gallon of gas was a mere $1.61 (GasBuddy, 2009). Due to the affect that supply and demand has in combination with state and federal taxes, America has seen significant fluctuations in gas

Upstream Oil and Gas

1108 words - 5 pages acreage release to exploration, extraction and transport of the resource. The oil companies must apply to hold relevant titles including permits, retention leases and production, pipeline and infrastructure licenses. In addition, regulators must approve various plans and give numerous consents to operate. Regulations in this aspect also have given pressure to the oil and gas industry. For example, based on a research done by an Australian government’s

Oil and Gas Prices

983 words - 4 pages depleted, a conflict or threat of conflict can be an issue of concern. If there is a conflict or threat of war or conflict with the chance of a disruption in production in an oil producing country will cause oil and gas prices to increase. The most recent conflict that disrupted production is the attacks on the pipelines in Nigeria that caused Royal Dutch Shell to decrease exports due to damaged pipelines. Another recent conflict was the

Ge Oil and Gas

819 words - 4 pages GE Oil and Gas General Electric is a diversified industrial corporation. The company maintains a huge variety of products and services such as aircraft engines, oil and gas production equipment, power generation, household appliances, medical imaging, business and consumer financing and industrial products. The company primarily operates in North America, Europe, Asia, South America, Australia and Africa. GE headquarters is located in

Oil and Gas 2

1270 words - 6 pages -development phase[1], but some primitive molecular machines have been tested. An example is a sensor having a switch approximately 1.5 nanometers across, capable of counting specific molecules in a chemical sample. The first useful applications of nanomachines, if such are ever built, might be in medical technology, which might use them to identify and destroy cancer cells. Another potential application is the detection of toxic chemicals, and the

The Economy of Kazakhstan

663 words - 3 pages Northern Kazakhstan. 76% of Kazakhstan's oil and gas production and remaining reserves are concentrated in these three oil fields . KazMunaiGas, Kazakhstan's national oil company, has played an increasingly important role in the country's oil and gas sector. According to the president Nursultan Nazarbayev, Kazakhstan is planning to increase its oil production up to 3.5 million barrels (560,000 m3) of oil a day, of which 3 million will go to export

Political Parties of Kazakhstan

3457 words - 14 pages goal, the leaders stand for the decrease of state influence in economy and development of the private initiatives, on one hand. On the other, the party favors state regulation in tax, custom, and anti-monopoly policies. According to the leader of the party, Mr. Peruashev, Civil party is the only party in Kazakhstan that expresses interests of a certain part population, in particular, workers of heavy and metallurgical industry. In the elections

Related Essays

Earning Management Study Oil And Gas Industry

3951 words - 16 pages reached a record $4.04 trillion. Prior research provided evidence that earnings management in gas an oil industry is closely related to the political costs. In other words, oil and gas companies tend to report higher abnormal DDA expense accruals, therefore understate earnings, in periods of higher oil prices (2006-2008) than in period of lower oil prices (2002-2005). Our sample companies’ financial restatements covered the years from 1999 to 2008

Oil And Gas Industry Research Essay

3043 words - 13 pages : ..................................................................................................................................... 9 References:............................................................................................................................................ 11 Oil and Gas Industry The oil and gas industry or the petroleum industry has become an important part of every man’s day to day routine. Let it be cooking, driving or lighting oil and gas has become a necessity. Naturally discovered under the crust

Supply Chain Role In The Oil And Gas Industry

4244 words - 17 pages firm who completes their tasks completely before handing off their finished goods to the other firms or phase in the chain. ”The output of production is the input to the refinery, while the output of the refinery is the input to marketing. Therefore, the oil and gas industry provides an excellent avenue for vertical integration” (Chima, 2007). The choice to opt for vertical integration must be evaluated to determine if having the work

Monthly Oil & Gas Industry Contracts Review Emea Region Contracts Drive Award Activity In Midstream Sector

711 words - 3 pages Monthly Oil & Gas Industry Contracts Review - EMEA Region Contracts Drive Award Activity in Midstream Sector Summary Monthly Oil & Gas Industry Contracts Review - EMEA Region Contracts Drive Award Activity in Midstream Sector, report is an essential source of data on the contracts and open tenders in the oil and gas industry, The report portrays detailed comparative data on the number of contracts and their value in the month