One of the strengths of Kioge is its conference program, can you highlight a session in particular?
All the sessions are led by the leading experts in their field but the opening plenary really sets the scene. The title is “Investment attractiveness of the oil & gas sector of Kazakhstan” led by the Ministry of Energy and the Chairman of the Presidium of KazService. Here we will hear directly what the opportunities in Kazakhstan are, what attractive fiscal terms are in place to entice new investors and how this renewed bullishness in the oil industry offers opportunities for new business partners and suppliers.
What do you think that are the coming trends in the oil & gas sector?
The oil & gas sector has gone through a period entitled “low for long” where operators have had to re-adjust for a prolonged period of low crude prices. This has meant that the oil & gas companies have had to adjust their priorities to focus on “sure things” i.e. countries and prospects where the ROI and sustained production are most reliable. They have also really re-focused a lot of attention on how these supplies get to market and therefore countries with well-developed transportation options, i.e. if you are going to produce oil (or gas) you better make sure you have a quick, cheap and efficient means of supplying your customer base through pipelines, ships etc.
Luckily Kazakhstan has both enormous supplies which tick the economies of scale box and very well-developed pipeline infrastructure with all of its neighbours in addition to having huge consumer markets such as China and Russia on its doorstep.
What is the visitor's profile
The visitors really do straddle the whole o&g sector; Senior Directors, Ministers and Heads of government organizations supply many of the speakers and attendees of the conference and the exhibition welcomes engineers, procurement officers, sales and marketing professionals and technology experts from across the value chain. Kazakhstan is about much more than just extracting oil from the ground and has a burgeoning downstream industry and transportation sector in addition to growing investments in new sectors such as biofuels, renewable energy and energy efficiency and KIOGE reflects the market accordingly.
Finally, can you give us some participation results from the last edition?
In 2015 we welcomed some 338 exhibiting companies as well as more than 4000 unique visitors which was an exceptional result in one of the most difficult years in recent memory for the o&g industry.