Argus Almaty conference draws over 200 participants in Central Asia’s oil and gas markets
The third Argus Kazakhstan & Central Asia Oil and Gas conference took place on June 27-29 at the Ritz-Carlton Almaty Hotel. Attendees included crude, oil products and LPG market participants, representatives of transport and logistics companies and of state entities from Kazakhstan and other CIS countries.
The partners of this year’s conference were PTC Holding, Quest Group, National Fuel Corporation and Compass. The event was also supported by the Kazakh energy ministry, the Kazakh finance ministry’s revenue committee and KazEnergy, an association of more than 80 oil, gas, and energy companies in Kazakhstan.
There were more than 200 representatives of 130 companies from 19 countries, including Russia, Kazakhstan, Tajikistan, Uzbekistan, Afghanistan, Ukraine, Romania, Turkey, the UAE and Switzerland. Speakers included representatives from the Kazakh and Russian energy ministries, the Kazakh finance ministry and leading Kazakh companies including Kazmunaigaz, Gazpromneft Asia, FEC-Kazakhstan, Zhaikmunai. Mikhail Dubik, head of Argus Media in Russia, the CIS countries and Baltic States, told attendees that the regional oil and gas market is fast-growing and that the conference has been developing along with it.
Kazenergy director-general Bolat Akchulakov opened the first session with a talk on the key issues in the development of the Kazakh fuel and energy sectors. He covered the results of industrial upgrades and new opportunities for gasoline exports from Kazakhstan.
Satzhan Karimov, deputy director of the Kazakh energy ministry’s oil industry development department, said that the sector “remains the locomotive of the country's economy”.
Roman Kabakov, deputy head of the Russian energy ministry’s oil and gas refining department, discussed changes in Russia’s tax legislation and their impact on the oil refining industry. Kabakov noted that the ministry actively uses Argus price data to set oil taxes, which constitute half of the state budget.
Baurzhan Salimgereeev, the director of Kazmunaigaz’s oil products marketing department, highlighted Kazakhstan’s gasoline exports, drawing particular attention to changes in volumes of crude processing after industry upgrades. “Processing capacity increased by 20pc as a result of the upgrades, and gasoline production increased by 70pc,” Salimgereev said. He also discussed the oil products dynamics in Kazakhstan. The second session of the conference was devoted to regional oil product markets.
Argus senior editor Rauf Huseynov discussed pricing of gasoline exports to central Asia, examining in detail the key features of gasoline exports from Kazakhstan to neighboring countries, such as logistical issues and development prospects.
Chingiz Aytmurzayev, Gazpromneft Asia’s deputy director-general for wholesale sales, devoted his presentation to production and imports of oil products in Kyrgyzstan.
Ilkhom Babadzhonov, commercial director of Sugdneft, described the particularities of Tajikistan’s fuel market. On the first day of the conference, problems with the pricing and logistics of petroleum products and petrochemicals from Kazakhstan were also covered on day one, and a seminar on transfer pricing was held with a representative of the Kazakh finance ministry’s revenue committee.
The second day of the conference was devoted to the LPG market and stock trading in central Asia and the Eurasian Economic Union.
We would like to thank all conference delegates for their attendance. See you next year!