Kazakhstan

Oil Production at Kashagan Amounted to 12 Million Tons
Kazakhstan

Oil Production at Kashagan Amounted to 12 Million Tons

Oil production at the Kashagan field for January-November amounted to 12 million tons, Energy Minister Kanat Bozumbayev said. “Already in 11 months, 12 million tons has been fulfilled,” K. Bozumbayev told reporters, answering a question about the volume of production at Kashagan in Astana last Tuesday. In 2017, 8.35 million tons of oil was produced at Kashagan. The Ministry of […]

Gasification of Kazakhstan’s Regions Reaches 48%
Kazakhstan

Gasification of Kazakhstan’s Regions Reaches 48%

Within 5 years, more than 3 million residents of Kazakhstan got a real opportunity to use gas in everyday life. The overall level of gasification in the country increased from 30 to 48%. This was reported by the Kazakh media. Back in 2013, the number of gasified customers in Kazakhstan did not exceed 1,056,406, which is not a big figure. […]

Samruk-Kazyna netted KZT 825.3bn in Jan-Sep 2018
Kazakhstan

Samruk-Kazyna netted KZT 825.3bn in Jan-Sep 2018

Following the first 9 months of 2018, Samruk-Kazyna Group of Companies has beaten the planned financial indicators. This was announced at the meeting of of the CEO of the Fund Akhmetzhan Yessimov with the top-management of portfolio companies, according to the website of Samruk-Kazyna.  Therefore, in 9 month of 2018 the Fund has netted KZT825.3 billion against the annual plan […]

Royal Dutch Shell plans to continue coop with Kazakhstan
Kazakhstan

Royal Dutch Shell plans to continue coop with Kazakhstan

The Royal Dutch Shell plans to continue cooperation with Kazakhstan in the nearest 25 years. Andrew Brown, Chief of the company’s R&D Department,  said it at the meeting of the Kazakh President with European businessmen in Brussels. “We are active participants of Kashagan project – one of the world’s largest deposits. We are satisfied with stable, reliable and increasing output […]

Oil production at Kashagan field amounted to 9.5mn mt in January-September
Kazakhstan

Oil production at Kashagan field amounted to 9.5mn mt in January-September

Oil production at the Kashagan field in January-September this year amounted to 9.5 million tons, said Kazakhstan’s Deputy Energy Minister Makhambet Dosmukhambetov. “Oil production for the first 9 months of 2018 for three major projects amounted to 40.2 million tons, including at the Kashagan field – 9.5 million tons, at Tengiz – 21.5 million tons, at Karachaganak – 9.2 million […]

Shell steers clear of Kazakhstan state energy company over graft worries
Kazakhstan

Shell steers clear of Kazakhstan state energy company over graft worries

British-Dutch energy major Royal Dutch Shell has reportedly had second thoughts about buying into Kazakhstan’s state-run oil and gas company Kazmunaigaz amid concerns over exposure to corruption. Bloomberg reported on October 9, citing unnamed sources “with knowledge of the matter,” that Shell reached its decision following a due diligence assessment. None of the interested parties have commented publicly on the Bloomberg report. […]

KMGI and Romania to set up joint investment fund
Kazakhstan

KMGI and Romania to set up joint investment fund

“KMG International (KMGI), part of NC KazMunaiGas JSC and the Government of Romania in the near future plan to complete necessary procedures in order to set up the joint investment fund aimed at expanding mutual cooperation,” Robert Tudorache, State Secretary within the Ministry of Energy, told journalists last week when the Romanian delegation visited Kazakhstan. The fund will be established […]

Total names Kazakh man its General Director in Tunisia
Kazakhstan

Total names Kazakh man its General Director in Tunisia

Total, the French oil and gas giant, named Kazakh Mansur Zhakupov its General Director in Tunisia, Kazinform has learnt from Khabar 24. During his tenure with Total, Zhakupov held various posts in Gabon, Nigeria, Qatar and Angola. Headquartered in Paris, Total is the world’s fourth largest oil and gas company after Royal Dutch Shell, British Petroleum and ExxonMobil. Mansur Zhakupov […]

Production at Kashagan to Be Increased to 370,000 B/D Soon
Kazakhstan

Production at Kashagan to Be Increased to 370,000 B/D Soon

The level of oil production at the Kashagan field, according to forecasts of the Ministry of Energy of Kazakhstan, will soon increase to 370,000 barrels per day (b/d), Energy Minister Kanat Bozumbayev said at a meeting of the World Petroleum Council in Astana on October 2. According to the initial plans of the NCOC consortium developing the Kashagan field, it […]

Karachaganak consortium to pay Kazakhstan above $1bn
Kazakhstan

Karachaganak consortium to pay Kazakhstan above $1bn

Kazakh Government and Karachaganak project shareholders reached a deal on disagreements, the Kazakh Energy Ministry’s press service reports.  Today the Kazakh Government represented by the Kazakh Energy Ministry, Finance Ministry, PSA LLP, and Karachaganak project represented by Eni, Shell, Chevron, Lukoil and KazMunaiGas (consortium) in principle agreed on amicable settlement of a debate on fairness index, the Ministry’s message reads. […]

Kazakhstan to hold WTO’s ministerial conference
Kazakhstan

Kazakhstan to hold WTO’s ministerial conference

“Kazakhstan will play a host to the 12th WTO’s ministerial conference to be held in June 2020,” Kazakhstan’s Permanent Representative to WTO Zhanar Aitzhanova told journalists on the margins of the high-level forum underway in Astana.  “It flows organically from the open trade investment policy the Head of State has been pursuing since gaining the country’s independence,” Zhanar Aitzhanova said. […]

Canada’s oil and gas companies ready to invest in Kazakhstan
Kazakhstan

Canada’s oil and gas companies ready to invest in Kazakhstan

“14 companies from Alberta province of Canada expressed readiness to open their offices in Kazakhstan and invest into the country’s oil and gas and energy industries,” Laurent Auger, Director, Trade and Investment at Alberta Government, told a conference.  The Canadian delegation arrived in Almaty to take part in the KIOGE international exhibition. “Alberta is one of the ten provinces of […]

New sea terminal in Kazakhstan starts receiving cargo
Kazakhstan

New sea terminal in Kazakhstan starts receiving cargo

Kazakhstan’s new sea terminal in the Caspian Sea, built as part of the construction of the third plant in the Tengiz oil field, has begun to receive cargo, Trend.az reports. The new terminal is meant to receive large-sized cargo going to construction sites. According to the manager of the normative legal department of Tengizchevroil LLP, Nurtas Kenganov, cargo coming through […]

New chemical plant to start operating in Aktau in 2020
Kazakhstan

New chemical plant to start operating in Aktau in 2020

A chemical plant will start operating in Aktau in 2020, Kazinform correspondent reports. It will be built by Topan Chemical Industries. According to Gaisa Zhumaliyev, head of the company, the new factory will produce caustic soda and chlorine-containing products. The project value is $70 million. The plant is expected to be constructed in the Seaport Aktau Special Economic Zone. With […]

Kazakhstan presses ahead with plans for IPO of state oil firm
Kazakhstan

Kazakhstan presses ahead with plans for IPO of state oil firm

The government of Kazakhstan has invited international investment banks to pitch for roles in listing the state oil company KazMunayGaz (KMG) in London, five sources familiar with the matter said. Sending “requests for proposals” to investment banks marks progress in the long-awaited privatisation process of the resource-rich Central Asian state, which also includes selling shares in the country’s telecom and […]