Sanzhar Zharkeshov, Chairman of the Board of QazaqGaz NC JSC, and Dai Xiaoping, President of Geo-Jade Petroleum Corporation, signed a cooperation agreement. The document was signed during the state visit of the President of the Republic of Kazakhstan Kassym-Jomart Tokayev, to the People's Republic of China.
According to Sanzhar Zharkeshov, the ongoing reforms in the gas industry of Kazakhstan are bearing fruit, and the developed approaches make the exploration of gas assets attractive for investment.
The signed document will allow the parties to implement cooperation in the field of exploration for gas deposits in Kazakhstan. At the same time, it is expected that Geo-Jade will finance the work on the terms of 100% carry-financing.
In addition, the companies intend to cooperate in other areas of energy and industry. In turn, the effective interaction of the parties will become a tangible contribution to developing the resource base of commercial gas.
