Kazakhstan’s Energy Sector Sees Rise in Due Diligence Audits
As companies operating in Kazakhstan’s downstream oil sector seek to ensure compliance with international standards and best practices, they are increasingly turning to due diligence audits. These thorough examinations of an entity’s operations can help identify potential risks and provide critical insights for informed decision-making.
What is a Due Diligence Audit?
A due diligence audit is a comprehensive review of an entity’s operations, examining hardware, processes, accounting systems, and supporting historical data. The SGS team of experienced auditors conducts reviews of refineries, storage facilities, and other infrastructure to identify potential risks and areas for improvement.
The SGS Audit Process
The SGS audit process is tailored to individual customer requirements and takes into account a range of factors, including:
- Compliance with recognized international standards
- Berth capabilities
- Pipeline integrity
- Tank farm condition
- Product segregation
- Environmental licenses
- Fire safety systems
- Oil accounting systems
- Oil processing records
- Laboratory performance and maintenance
Benefits of Due Diligence Audits
By conducting due diligence audits, companies operating in Kazakhstan’s energy sector can:
- Identify potential risks and areas for improvement
- Ensure the integrity of their operations
- Make informed decisions to stay ahead of the competition
- Comply with international standards and best practices
Why Choose SGS?
SGS is a global leader in due diligence auditing, with expertise in the downstream oil sector. Our team of experienced auditors has a reputation for providing trusted and comprehensive services to customers across the region. With a broad customer base that includes major oil refiners, trading houses, storage companies, and banks, SGS is well-positioned to support the growing demand for due diligence audits in Kazakhstan.
Conclusion
As the energy sector continues to evolve, companies operating in Kazakhstan’s downstream oil sector recognize the importance of thorough due diligence audits. By providing critical insights into potential risks and areas for improvement, these audits can help industry players make informed decisions and stay ahead of the competition.