|PERSON OF THE ISSUE|
|Dr Gennadiy Alexandrovich Tarassov,
LLP engineering company
Managing Director of Innovations|
Kazakhstan leading oil
and gas engineering company
KAZGIPRONEFTETRANS (KGNT) Managing
Director of Innovations
Dr Gennadiy Tarassov celebrates
in 2015 60 th anniversary!
OILMARKET magazine and KGNT for many years developed sustainable partnership. We witnessed KGNT dynamic development and its turning from a solid
soviet style research institute into
the modern international oil and gas engineering business. This transformation was particularly
obvious over the past several
years, when KGNT new managing
director Dr Fuad Serikov lead the
Over the span of many years,
we also could see Dr Tarassov's
tireless, diligent, painstaking
effort, often unseen by strangers,
helping to organize the company
development. A team player by
definition, humble and ambitious,
strong and focused, Dr Gennadiy
Tarassov worked hard fulfilling
one project after another!
On 23 January 2015 KGNT
held in Almaty with support of
the Energy Ministry, KazMunaiGaz
and Kazenergy association a high
level international conference
«Integration of modern process
solutions and standards in oil and
|EXPLORATION AND PRODUCTION|
|SPD holds an enhanced oil recovery
forum in Kazan|
On 18-19 March, 2015, Salym Petroleum Development N.V. (SPD), jointly with the State Commission for Reserves
(GKZ) and the Kazan Federal University (KFU) held the Mature Field. Development 3.0 conference in Kazan. The
conference was also sponsored by the government of the Republic of Tatarstan and the government of the Khanty-Mansi Autonomous Okrug — Yugra (KHMAO) and focused on enhanced oil recovery techniques.
|EXPLORATION AND PRODUCTION|
|UK budget slashes petroleum revenue tax|
On 20 March 2015 Wood
Mackenzie has issued its verdict on the four changes that the UK government made to Britain's upstream fiscal regime in this week's budget.
• A reduction in the supplementary
charge tax (SCT) from 30% to 20%;
• Reduction in petroleum revenue tax
(PRT) from 50% to 35%;
• Introduction of a basin-wide
Investment Allowance, allowing exemption
of 62.5% of new investment expenditure
• ?20 mn ($29.5 mn) support for the
newly formed Oil and Gas Authority to commission seismic and other surveys on underexplored areas of the UK continental shelf (UKCS) during 2015-2016.
| In the age of improved margines|
Refinery margins have been on an
upward trend since mid-2014,
despite initially lacklustre
demand growth. More recently,
cold weather and lower retail product prices helped spur stronger demand growth in some countries. Perhaps more importantly, refinery outages and weaker runs in many non-OECD countries seem to have created opportunities for plants with surplus capacity in more mature markets.
|Singapore refining phenomena
for the Baltic region|
Latvian trader and retail operator Dinaz prepared memorandum with China's Sinopec and CPPG on the construction of a new refinery in Latvia. The Chinese partners have to solve the issue of crude supplies with Russian companies. There is solid ground to believe that such deliveries will be arranged to the mutual benefit of the Chinese, Latvian and Russian partners. In case of successful implementation this project will give a powerful stimulus to
fuels trade in the region as well as make significant changes if the regional crude oil and products flows.
|ASSOCIATED GAS PRODUCTION|
| Steering through the stormy water|
Russia's energy and chemical consultancy CREON Energy held on 23 March in Moscow 6th international conference Associated Gas Production 2015. The WWF and All Russian
organization Delovaya Rossiya (Business Russia) supported the event.
| All the friends to spite|
The general rhetoric justifying such
draconian move is all in favor of
the soonest filling of the state coffers. Presenting the draft law in
Verkhovna Rada (Ukraine's parliament)
Finance Minister Natalia Yaresko explained, that taxes will actually increase profitability of Ukraine's natural gas producing enterprises, as
funds are going to be used for the further development of the upstream sector in Ukraine. She added that the move would bring an extra 9bn Hryvnia ($310mn at current rate)to the state budget, which is going to help to
support low budget house-holds.
| Ukrainian Energy Forum: The rays
A number of skeptics criticized the
national oil and gas monopoly
Naftogaz Ukrainy for never turning
into reality its broadly stated declarations about plans to separate its trading and upstream busy from the giant natural gas transportation system in order to bring more transparency and attract foreign investment. However,
a number of pragmatic minded specialists insisted, that only retaining its current state of consolidation with the gas transportation system (GTS)
Naftogaz remains legitimate enough financially player to deal with Gazprom in multi-billion natural gas deals.
|Motor Sich JSC: Industrial units and
Motor Sich JSC is an advanced multi-industry knowledge intensive high technology manufacturing facility of aeronautical propulsion sector, which is dedicated to design, development and manufacture of state-of-the-art gas turbine engines and power plants for national economy, mainly for oil and gas industry.
| Advancing along the road of integration|
The international experience shows, that sustainable international unions with participation of one or several big
economies, are based on ability to generate demand growth, new sectors of economy development, innovations, as well as solid defense power.
The agreement on Eurasian
Economic Union (EAEU) took force
starting from 1 January 2015. For
Russia, Kazakhstan and Belarus the
agreement on EAEU is supposed to create conditions for the stable development of
economies, create unified market for products, services, capital and labor force, as well as boost all national economies competitiveness