Kazakhstan ‘hugely’ important to oil and gas industry

22 Jun 2017   Kazakhstan

The head of the oil and gas division of GE says Kazakhstan has a significant role to play in global energy industries. Photo courtesy of the North Caspian Operating Company June 21 (UPI) — Kazakhstan, with its strategic trade position and strong energy portfolio, is “hugely” important to the global energy sector, a director at GE Oil & Gas said. General Electric hosted a forum in the Kazakh capital of Astana to focus on emerging regional trends in the transportation and energy industries. Lorenzo Simonelli, the head of the company’s oil and gas division, said Kazakhstan is the ideal place for a global discussion on those industries. “Rich in resources and a key trade corridor, Kazakhstan and the broader Central Asia region are hugely important to the global oil and gas industry,” he said in a statement . Oil is Kazakhstan’s primary export commodity and the country is party […]

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