16 Hrs
Source:
الاقتصادية
Kazakhstan negotiates with Taqa on oil fields
Kazakhstan intends to partner with Saudi Arabia's "Taqa" company, owned by the Public Investment Fund, to develop its mature oil fields and enhance production efficiency through enhanced recovery techniques and complex well technologies. The goal is to increase recovery rates and sustain the fields' lifespan. Agreements have been signed between the two parties to strengthen collaboration in oil exploration and production, with a focus on localizing the oil equipment industry and enhancing domestic capabilities. This partnership paves the way for increased production, especially from challenging reservoirs, and expands "Taqa's" presence in the Central Asian market.
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