China’s Hong Kong–based Sino-Science Oil and Gas Co. Ltd., also known as Geo-Jade Petroleum, plans to produce up to 1 trillion cubic meters of natural gas from the Sozak field in southern Kazakhstan, according to Sultangali Kinzhakulov, CEO of Kazakh Invest.
Kinzhakulov said the project involves reinvesting profits earned by the Chinese company back into Kazakhstan. Development of the Sozak field is expected to continue through 2045.
Based on the investor’s projections, total tax and fee revenues from the field over its full life cycle could reach $5 billion by 2045. Geo-Jade Petroleum plans to invest $7.8 billion in the project, which Kinzhakulov described as relatively high-risk. He made the remarks while responding to reporters’ questions following the signing of a cooperation agreement between Geo-Jade Petroleum and Kazakh Invest in Astana.
Commercial gas production at the Sozak field is not expected to begin until late 2026.
Notably, Qatari companies will participate as partners in the project but Kinzhakulov declined to disclose the ownership stakes of the Chinese and Qatari investors, citing confidentiality agreements.
