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Economy

ExxonMobil promises Kazakhstan the long term

Three days after Chevron’s chief executive spoke for the CPC, ExxonMobil’s upstream president sat with the prime minister in Astana and confirmed, in the government’s readout, plans for a long-term presence in Kazakh oil and gas.

ExxonMobil promises Kazakhstan the long term

Olzhas Bektenov received Dan Ammann on 3 August. The readout lists joint projects, investment expansion, technology and exploration, and carries one number: 906 million barrels from Kashagan since launch.

ExxonMobil intends to “maintain a long-term presence in Kazakhstan’s oil and gas industry”, per the readout.

Exxon holds a quarter of Tengizchevroil and 16.81% of Kashagan’s operator NCOC. The readout does not mention the CPC, the enforcement of the ecological fine against NCOC, with its late-July property restrictions and an execution charge of roughly 230 billion tenge, or the arbitration. What it records is the second American major in four days choosing to speak about Kazakhstan in public while the operators stay silent.