ABSTRACT

SUMMARY: This chapter presents the management practices of the oil and gas industry and the local government’s approach to solve the problems of environmental protection and sustainable economic development in the Eurasian country of Kazakhstan. In particular, this study describes innovative approaches to environmental sustainability in this industry. The practices of three major players, TengizChevrOil, Karachaganak Petroleum Operating (KPO) Consortium, and Agip KCO at Kashagan oil field, are presented in order to find out how these companies deal with environmental problems. Finally, governmental efforts are assessed on environment management and sustainable development. A special program was developed by the government with the assistance of the World Bank.