KMG, TPAO ink agreement on cooperation in geological exploration and hydrocarbon production
As part of the official visit of the President of Kazakhstan, Kassym-Jomart Tokayev, to Ankara, KazMunayGas (KMG) national company and Turkish Petroleum Corporation (TPAO) signed an agreement on cooperation, Kazinform News Agency reports.
The document was signed by KGM Chairman Askhat Khassenov and Chairman and General Manager of TPAO Ahmet Türkoğlu, according to the KMG press service.
In accordance with the document, the two companies will cooperate in geological exploration and extraction of hydrocarbons in the territory of Kazakhstan.
The sides also agreed to carry out comprehensive geological survey of the promising sites, to explore the possibility for joint work on the active oil and gas deposits, as well as to provide oilfield services.
Earlier, on July 28, Askhat Khassenov and Ahmet Türkoğlu met in Ankara to discuss the potential of bilateral interaction in geological exploration, transportation and other areas of oil and gas sector.
