During the document signature the parties noted that RosGeo possesses a well-developed production base, high professional competences and unique scope of accumulated geological information.
According to Magzum Mirzagaliev, the Kazakh Minister of Ecology, the Agreement will give an additional impetus to the development of geological exploration in the two countries.
“The signature of the Memorandum of Understanding in such an important area as geological exploration is a strategically important decision and contributes to development of the potential of the two countries in this sphere. We consider it is necessary to improve the depth of the geological surveys in view of implementation of the new advanced technologies. And the collaboration with ASTANA International Financial Center in this area will allow to enhance the investment attractiveness of our countries", - Magzum Mirzagaliev said.
“The signed document gives a new impetus to the development of mutually beneficial cooperation in the field of geological exploration between Russia and Kazakhstan," emphasized Sergey Gorkov, Director General – Chairman of the Board of RosGeo. “I am confident that together we will make significant progress in enhancement of the investment attractiveness of the industry and the economies of our countries in general."
Under the Memorandum the parties agreed on joint activities in the field of development of alternative non-bank methods for funding projects in the field of geology, including the exchange-traded and green financing instruments. The document also envisages the exchange of experience and knowledge in regulation of the geological exploration industry and advanced technologies used to overcome the barriers to growth.
In the opinion of the parties the result of the cooperation will be an increase in the level of interest of investors in the projects of the geological exploration industry, attraction of new market players, as well as an opportunity to structure the funding of the projects at the site of ASTANA International Financial Center iin accordance with international standards.
