Energy policy of Kazakhstan 2006 during the presidents' meeting in Oral, Kazakhstan and Russia agreed to set up a gas-condensate-processing joint venture between Gazprom and KazMunayGas in Orenburg, which will be supplied from the Karachaganak field. The gas supply agreement was signed on 10 May 2007 in Astana. On 7 December 2006, the Kazakhstan's Minister of Energy and Mineral Resources Baktykozha Izmukhambetov and the chief of the Russian Federal Atomic Energy Agency Sergei Kiriyenko signed an agreement, in which Russia pledged to assist Kazakhstan in its nuclear program in return for shipments of uranium from Kazakhstan to Russia, where the uranium will be enriched.
Kovykta field the field to state-owned Rosneftegaz, but failed. On 1 March 2011, Gazprom bought Rusia Petroleum's assets, including rights for the Kovykta field, for $711 million. The reserves of Kovykta amount to 2 trillion cubic meters of natural gas and more than 83 million tons of gas condensate. The period of active gas production in the Kovykta field is expected to be 30 years, and the period of field development about 50 years. The field was developed by Rusia Petroleum, 62.9% of which is owned by TNK-BP. 24.99% is owned by the power generating company OGK-3. The Kovykta field is considered