About construction completion of Center for public service in Shetpe village

24 october 2012

PRESS RELEASE

On October 24, 2012 the ceremonial opening of new Public service Center in Shetpe village took place.

The realization of this social project was implemented under partner funding of «Tyub-Karagan» project, created with assistance of JSC MNC “KazMunayTeniz”.

JSC MNC “KazMunayTeniz” and its foreign partners in their activity adhere to the highest standards, and in the frame of their commitments are considerably contributing to the development of region's social infrastructure.

According to settled Agreement about funding, Akimat of Mangistau province arranged the selection of contractors and monitored the technical and engineering supervision of building procedure.

The total cost of the project was estimatedat 340,000 Dollars USD, including technical project planning and construction on turnkey basis.

LLP “Nesibek-Nyr Proqect” planned the technical project, and prime contractor LLP “Mantecom” accomplished the construction of Public service center.



Note:

“Tyub-Karagan” Project

The Agreement on production division in “Tyub-Karagan” area, located in the Caspian Sea was signed between the Department of Energy and mineral resources of the Republic of Kazakhstan and JSC NC “KazMunayGas” in December 29, 2003. In 2004 mineral resources exploitation rights JSC NC “KazMunayGas” under the Agreement on production division were assigned to JSC MNC “KazMunayTeniz” and “Lukoil Overseas Shelf B.V.”, that are equitable partner sides of the Agreement on production division.

“LUKOILOverseasshelfB.V.” — is completely affiliated company of “LUKOIL Overseas Holding Ltd.”, is established for oil projects realization in the Caspian Sea's shelf of the Republic of Kazakhstan.

Joint operating “Tyub-KaraganOperating Company B.V.” was maintained for “Tyub-Karagan” project realization in 2004. “Tyub-Karagan” plot is located in the central part of Kazakhstani sector of the Caspian Sea.

JSC MNC “KazMunayTeniz” was established in March 14,2003 and is completely affiliated company of JSC NC “KazMunayGas”.

Mangistau province, Shetpe village

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