Kazakhstan to carry public sale for subsoil use rights in December

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NUR-SULTAN, Kazakhstan – For the primary time within the historical past of unbiased Kazakhstan, an public sale for the granting of subsoil use rights can be held by December this 12 months, Kazakhstan’s Energy Ministry mentioned on September 29.
“The electronic auction for granting the right to subsurface use will take place on December 23, 2020. It is planned to sell 10 sites by means of an auction,” Kazakhsna’s Energy Ministry mentioned.
Potential traders will be capable to apply for the public sale till November 29 this 12 months.
Large oil and fuel fields similar to Tengiz, Kashagan and Karachaganak have been found in Kazakhstan, that are being developed by such world oil and fuel companies as US’ Chevron, China’s CNPC, France’s Total, Italy’s ENI and Russia’s LUKOIL.
Kazakhstan produced 90.four million tonnes of oil final 12 months.