Both shareholders will hold a 50% stake in this company named TECHNIP KAZAKHSTAN.
The main activity of the new company is to provide engineering services for the construction of facilities in oil and gas (offshore and onshore field development, transport pipelines, oil refining, gas processing and petrochemicals) with the support of TECHNIP Group.
TECHNIP KAZAKHSTAN intends to become a major player in the fast growing oil and gas business in Kazakhstan, notably in relation to the development of the huge fields of Tenguiz, Karachaganak and Kashagan. It is also ready to participate in the supply of the main oil and gas projects western Kazakhstan, in particular services and construction projects concerning crude and gas cross-country pipelines in the country.
Transport of Oil and Gas which groups state pipeline operators KazTransOil, KazTransGas and KazStroyServices was recently created to protect the interests and to maintain the unified policy in oil and gas transportation of Kazakhstan. With over 20,000 people and more than 19,000 km of oil, gas and water pipelines, T.O.G. is responsible for the transportation of oil and gas resources, takes part in international projects which are connected with export of oil and gas, and will also design and construct the new gas and oil pipelines in Kazakhstan.
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