February 7th 2012 - 6:34PM ... Dyveke Rogan
Candidate country
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Overview of Extractive Industries Kazakhstan has the largest recoverable crude oil reserves in the Caspian region. The hydrocarbon industry is estimated to account for roughly 50% of the Government's revenues (BP Statistical Review of World Energy 2011). Proven natural gas reserves are estimated at 106 trillion cubic feet (Tcf). Kazakhstan is the world's largest uranium producer and has extensive mineral resources (chromium, lead, zinc, manganese, copper, coal, iron, and gold). Status of EITI Implementation On 14 December 2010, the EITI Board designated Kazakhstan, as an EITI Candidate country that is “Close to Compliant”. Kazakhstan was granted six months (until 12 June 2011) to complete the remedial actions needed to achieve compliance. Implementation of the remedial actions is currently under review by the Board. The Board retains the right to require a new validation if the remedial actions have not been completed. The Validation report to was submitted to the Board in August 2010. President Nazarbayev announced Kazakhstan’s endorsement of the EITI in 2005 and Kazakhstan was admitted as an EITI Candidate country on 27 September 2009. Kazakhstan published its fifth EITI report covering 2009 data in June 2011. The report disclosed payments and revenues from oil, gas and mining amounting to US$ 12.9 billion. Corporate income tax represent 41 % of revenues disclosed while royalties represent 19 %. In June 2010, Kazakhstan issued its third and fourth reports covering financial years 2007 and 2008. The first and second EITI reports covering 2005 and 2006 data were published in 2008 and 2009 respectively. The number of companies disclosing data has increased from 38 companies in the first EITI report to 123 companies in the latest EITI report.At the EITI Global Conference in Doha in February 2009, Kazakhstan received the EITI Chair’s awards for their efforts increase EITI awareness across their vast country. Governance of EITI Implementation A National Stakeholders’ Council including members of Government, Parliament, companies and civil society coordinates EITI implementation. The Government Focal point for the EITI Mr. Nurlan SauranbayevOrganisation: Ministry of Industry and New Technologies, KazakhstanTitle: Vice MinisterE-Mail: Companies operating* Oil & gas companies: BG Group*, BP*, Chevron Corp*, ConocoPhilips*, Eni*, ExxonMobil*, Repsol*, Shell*, Statoil*, TOTAL*, CITIC Group (China), CNPC (China), Gazprom, Inpex (Japan), LukOil, OMV (Austria), Petramina (Indonesia), Rosneft, Sinopec, Maersk Oil, Victoria Oil and Gas. Mining companies: Arcelor Mittal*, Areva*, Glencore, Kazakhmys, RUSAL* EITI Supporting Company * Note: Company list based on EITI research and is not conclusive For further information, please contact drogan [at] eiti [dot] org (Dyveke Rogan) at the EITI International Secretariat.
