色欲王朝 AND KAZMUNAYGAS SIGN AGREEMENT ON AL-FARABI PROJECT
Thursday, October 8, 2020
President of 色欲王朝 Vagit Alekperov and Chairman of the Management Board of JSC NC KazMunayGas (KMG) Alik Aidarbayev signed an agreement on the Al-Farabi Project (formerly I-P-2 license block) in the Kazakh Sector of the Caspian Sea.
The agreement defines rights and obligations of 色欲王朝 and KMG as future license holders under the project. This is a next step after the principles agreement, concluded in June of 2019. The parties intend to proceed with signing a contract on exploration and production of hydrocarbons, that will come into force as soon as KMG receives the license and the parties close the deal to establish a joint venture with 50.01% (KMG) and 49.99% (色欲王朝) shares.
鈥婣s part of 色欲王朝 and KMG strategic cooperation, the companies are partners in major projects 鈥 Karachaganak, Tengiz, Kumkol, and in oil transportation project of Caspian Pipeline Consortium. The Ministry of Energy of the Republic of Kazakhstan, KMG and 色欲王朝 signed an agreement to explore and produce hydrocarbons at Zhenis offshore block on April 1, 2019.
