Eni CEO, Kazakhstan President meet to discuss exploration in the Caspian, downstream projects

Source: Eni

The President of the Republic of Kazakhstan, Nursultan Nazarbayev, met with Eni CEO, Paolo Scaroni, together with Eni E&P COO, Claudio Descalzi, to discuss strategies in the hydrocarbon sector within the current international energy environment. 

The parties mainly discussed Eni's projects in the country, which were the result of the agreement signed last November 5 in Rome in the presence of President Nazarbayev himself and Italian Prime Minister, Silvio Berlusconi. 

Under the agreement, Eni and KazMunayGas (KMG) will jointly study the Isatay and Shagala exploration areas located in the Caspian Sea, the optimization of gas usage in the Republic of Kazakhstan, and a number of industrial initiatives including a gas sweetening plant, a gas turbine power plant, a drydock shipyard and the upgrading of the Pavlodar refinery. 

Further update on the realization of these projects will be provided by the end of the year. 

Among other themes discussed during the meeting were the present situation in the Karachaganak field and the progress of activities in the Kashagan field

Eni is expected to continue to strengthen its presence in the Republic of Kazakhstan, where it is co-operator in the Karachaganak field and equity partner in the Kashagan field. As a part of this project, Eni is responsible for the execution of the first phase of development.

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