Within the framework of the St. Petersburg International Economic Forum, Kassym-Jomart Tokayev, the President of the Republic of Kazakhstan, has met with Rustam Minnikhanov, the President of the Republic of Tatarstan. 

The meeting has gathered together the Heads of the largest companies of the two countries, Almassadam Satkaliyev, the CEO of Samruk-Kazyna JSC, Magzum Mirzagaliyev, the CEO of JSC NC KazMunayGas and Nail Maganov, the CEO of Tatneft PJSC.

The parties have discussed plans for joint work on the Karaton-Sarkamys project in Atyrau region. Tatneft will act as a strategic partner in geological exploration at the site near the existing large Tengiz and Korolevskoye fields. 

The Fund is ready to provide all necessary support measures for the successful implementation of this project. Samruk-Kazyna, together with the Government, is intensively working on completing a package of regulatory and fiscal changes to the legislation to increase the investment attractiveness of the oil and gas industry.  According to JSC NC KazMunayGas, the estimated recoverable resources of the Karaton-Sarkamys subsurface area reach 124 million tons of oil.   

For information: Tatneft PJSC is a large public company whose shares are traded on the London and Moscow Stock Exchanges. The company produces at 77 oil fields, and owns a network of more than eight hundred gas stations in different regions of Russia and neighboring countries.