• Local news focuses on Hinkley … but bigger opportunities overseas

    Posted 18/12/2013

    Over the last week our inbox has been filling up with news stories about the big project which is taking place on our doorstep here in Somerset at Hinkley Point.  Set to be the first investment in new nuclear power in the UK for many years, the project offers both opportunity for firms and controversy.  From headlines asking if the project complies with EU aid rules, to questions over whether it is too ambitious to place 57% of work with UK firms, it is certain to be an interesting project. Read More…

    Posted in: Recent Developments

  • Boarding the Red Eye Flight

    Posted 04/12/2013

    Like most international travellers contemplating an overseas trip, last night I tried to get to sleep without success, thinking what do I need, which coat do I take, have I got my passport, have I packed X, Y & Z, and then thinking the dreaded “I must go to sleep, I must go to sleep” – a vicious circle. Read More…

    Posted in: Recent Developments

  • Kazakhstan tax return deadlines appoach

    Posted 28/11/2013

    For those companies that are already trading and tax registered in Kazakhstan, please note that the tax year end is now approaching  and for those that have traded better than expected it may be necessary to make an additional advanced Corporate Income Tax (“CIT”) declaration for the tax year ended 31 December 2013. Read More…

    Posted in: Recent Developments

  • Tengiz MOU signed: opportunities continue to grow in Kazakhstan

    Posted 22/11/2013

    Kazakhstan authorities report that a Memorandum of Understanding has been signed between government and Tengizchevroil LLP, known as TCO, that sets out their joint commitment to expanding production at the field.

    The MOU maps out the responsibilities of each party to enable delivery of the Future Growth Project (FGP) and Wellhead Pressure Management Project (WPMP).

    Tengiz field

    According to Trend, the projects will enable increased production from 26 million to 38 million tons of oil per year.

    Projects on this scale require expertise in a wide range of fields including engineering, construction, information technology. We’re heading out to Kazakhstan next month to talk to local contacts in more depth about their requirements. Let us know if this looks like something you’d like to be part of.

    Posted in: Recent Developments

  • Kazakhstan is EU’s reliable energy partner

    Posted 30/10/2013

    While energy price hikes are giving UK consumers (and MPs) plenty to think about at the moment, hi-tech businesses looking to escape the economic gloom would do well to take the advice of the Head of the EU delegation to Kazakhstan, Aurelia Bouchez.

    At KIOGE 2013, the recent Oil & Gas Exhibition in Almaty, Ms Bouchez noted that:

    “Extraction of oil at the Kashagan field, one of the world’s largest energy projects, is the symbol of achievements and potential of Kazakhstan. Foreign investments mean not only new financial resources but also involve the transfer of innovative ideas and expert knowledge and facilitate establishment of ties with the global economy”

    “There are many opportunities for business and both sides are interested in their development”.

    If your business supplies innovative products or expertise which would be of interest to potential oil and gas clients, or for their related construction projects, please ask us how we can help bring these to the market.

    Posted in: Recent Developments