Kazakhstan

Kazakhstan Oil to Flow through Caucasus Corridor
Kazakhstan

Kazakhstan Oil to Flow through Caucasus Corridor

Transit of hydrocarbons through the territory of Georgia can become the most profitable in case of reaching an agreement on tariffs, Kazakh President Nursultan Nazarbayev said. “Transport corridors for gas and oil that pass through the Caucasus and Georgia are very important. In this regard, we talked about the importance of the Batumi terminal and the Batumi port owned by […]

Russian Oil to Be Supplied to Uzbekistan through Kazakhstan
Kazakhstan

Russian Oil to Be Supplied to Uzbekistan through Kazakhstan

The Russian Energy Minister Alexander Novak and the Kazakh Energy Minister Kanat Bozumbayev discussed transportation of Russian oil to Uzbekistan through Kazakhstan in Vienna yesterday, the Russian government said. In April of this year, a memorandum of cooperation was signed between the Russian Energy Ministry and Uzbekneftegaz, which envisages the creation of a working group with the participation of representatives […]

Kazakhstan Resumes Oil Transportation through Azerbaijan
Kazakhstan

Kazakhstan Resumes Oil Transportation through Azerbaijan

Transportation of Kazakh oil through Azerbaijan has resumed. The Energy Ministry of Kazakhstan reported this in response to a request by Kazinform. According to the department, only for the current period of 2017, 90 thousand tons of Kazakhstan oil was exported via the Baku-Tbilisi-Ceyhan oil pipeline. The Energy Ministry also commented on the privatization of the Aktau port. “The Energy […]

No Export of Kazakh Oil through Batumi in 2016
Kazakhstan

No Export of Kazakh Oil through Batumi in 2016

Kazakhstan’s KazTransOil Company is working to increase the transportation of oil by rail through Azerbaijan for further loading of the Batumi oil terminal. The Batumi oil terminal is 100 percent owned by KazTransOil. According to the Ministry of Energy of Kazakhstan, to increase the transportation in this direction, work is conducted with all the participants of the transport corridor, as […]

IMF forecasts oil production in Kazakhstan to grow
Kazakhstan

IMF forecasts oil production in Kazakhstan to grow

The International Monetary Fund (IMF) forecasts oil production in Kazakhstan to increase to 1.69 million barrels per day in 2017. In 2016, 1.62 million barrels of oil were daily produced in Kazakhstan, said the IMF’s updated Regional Economic Outlook for the Middle East and Central Asia. Oil production in Kazakhstan will grow to 1.79 million barrels per day in 2018, […]

Net Cash Flow from Kashagan $ 180 Million
Kazakhstan

Net Cash Flow from Kashagan $ 180 Million

Kashagan is the first offshore oil and gas field in the Kazakh sector of the Caspian Sea “Our preliminary estimates show that the fund Samruk-Kazyna and KazMunayGaz (KMG) together will receive a net cash flow of about $ 180 million from this project after investment in 2017. This means that the project covers its operating costs and capital investments to […]

Oil output from Kashagan exceeds 2 mln tons
Kazakhstan

Oil output from Kashagan exceeds 2 mln tons

Oil production at Kashagan was launched in autumn 2016. Over 2 million tons of oil and more than 1 billion cubic meters of gas have been produced at Kazakhstan’s Kashagan field, Kazakh national oil and gas company KazMunaiGas, which is one of the shareholders of the project, said in a message. According to the company, two gas re-injection compressors will […]