№ 5 (49), 2011 - KazEnergy

Niall O'Reilly had been invited. The forumparticipants had a possibility to obtain theopinion of top management of the leadingworld energy giants on such issues as theimplementation of experimental-industrialdevelopment of the Kashagan field, the oiloperations in extreme-cold conditions andnew growth opportunities for liquids productionat the Karachaganak field. In thesection of nuclear energy the views wereheard of the chairman of the National Committeeof Japan WEC Teruaki Masumoto,the Manager of INPRO, IAEA Randall Beatty,president of the national company «Kazatomprom»Vladimir Shkolnik and otherdelegates.Legitimate ExpectationsAddressing the delegates, head of the Associationof power engineers, Chairman of theBoard of National Wealth Fund «Samruk-Kazyna» Timur Kulibayev noted a steadyand gradual development of both the Forumstructure and its scale.- This is an interesting platform, where it isgiven a possibility to speak for our and foreigninfluential politicians, to share experienceon how looks the sector developmentfrom political point of view, as well as forindustry representatives, international organizationsand experts. It is very gratifyingthat the subject is expanding, so todayit is held a very important discussion on thedevelopment of nuclear industry, on developmentof alternative energy sources - theseindustries, we are developing in Kazakhstan,- said Mr. Kulibayev, and his wordswere fully confirmed at the event that tookplace in October.The Head of "Samruk-Kazyna" NWF onceagain stressed the importance of diversificationof the economy of Kazakhstan and thesignificant role in this process assigned tothe National Welfare Fund headed by him.- The crisis in Kazakhstan is largely overwhelmed,that’s why the head of the stateset new tasks towards the Fund – they arecorporate governance, economic diversification,introduction of an innovative culture toour subsidiaries and, as already noted, thePeople's IPO. When we talk about diversification,we say that we have more than 60%of revenue from the commodity sector, so thebasic investments and industrial programsshould be invested to the development ofnon-oil sector. In particular these are ourexample, Russia. Many Russian companies asLUKOIL, Rosneft, Gazprom Neft want to workin our country and to increase investment.Now investors are focused on the Caspianshelf of Kazakhstan. But it is not elastic; we cannot sign new contracts indefinitely. Therefore,I advise investors pay attention to other areas.Like the shelf of the Aral Sea, where there arealready encouraging results of exploration,the land of Kazakhstan: western, central,southern part of the country "- he said inparticular. Future showed the accuracy ofthose predictions.The final joint statement was adopted at thecompletion of the Forum, which stressedthe importance of fruitful cooperation for itsdelegates."Natural energy resources and createdproduction, scientific, technical and personnelpotential of the energy sector of Kazakhstanis a key national asset. Effective use is anecessary foundation for the transition pathof sustainable development, ensuring thewelfare of the people. To take full advantageof this priceless treasure, to ensure longtermenergy security of Kazakhstan in today'seconomy, to build the foundations of longtermstable energy supply and keep thestate's energy independence, the delegatesare going to fully support the implementationof a systematic and effective nationalenergy dialogue ", - noted the statement.Commenting on the results of the ThirdForum to the media, the General Directorof the KazEnergy Association, DzhambulatSarsenov said with a well-deserved triumph:"This year the level of the Forum was highenough, it involved the President of the WorldPetroleum Council, the largest organizationof oilmen around the world. The RegionalDirector for Europe and Central Asia Region,World Energy Council attended too,"- said D.Sarsenov. The General Director said that therepresentative of the World Energy Councilvisited Kazakhstan for the first time, and statedunprecedented "rush" of the representativesof foreign analytical circles, studying the oiland gas market.KAZENERGY15