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Category: Kazakhstan

Kazakhstan Plans to Produce 86 Million Tons of Oil in 2021

 Kazakhstan intends to produce 86 million tons of oil next year, said the Minister of National Economy of the Republic Ruslan Dalenov. “The volume of…

CPC Repaid About $ 327 Million of Debt to Shareholders in Q2

The Caspian Pipeline Consortium (CPC) in the second quarter of 2020 sent about $ 327 million to repay debt to shareholders. In the quarterly report…

Shell Evacuates Foreign Employees from Kazakhstan

Shell oil and gas concern is evacuating foreign employees from Kazakhstan to their homeland, KazTag reports. “Shell’s oil and gas concern has taken unprecedented measures for foreign…

KazMunayGas, BP to Conduct Joint Exploration in Kazakhstan

KazMunayGas (KMG) and British BP have identified subsoil plots and plan to get a contract for exploration and production of hydrocarbons in Kazakhstan, Dastan Abdulgafarov,…

Small Projects Suspended at Tengiz Field

The Tengizchevroil (TCO) oil company temporarily suspended some types of work at the Tengiz oil and gas field (Kazakhstan) due to the coronavirus COVID-19. According to…

Tengiz Shift Period Increased Due to COVID-19

The duration of the shift at the Tengiz oil field in Kazakhstan for visiting workers will be increased as part of measures against the spread…

Kazakhstan Fulfills Obligations to OPEC + by 71% in May

Kazakhstan fulfilled the agreement to reduce oil production by 71% in May, but in August and September it will compensate for this incomplete compliance with…

For the I Quarter of 2020, KazMunayGas Net Profit Decreased 3 Times

The Board of Directors of JSC NC “KazMunayGas” (KMG) approved the payment of dividends for the results of 2019 in the amount of 81.7 billion…

EIA decreases previously forecast oil extraction volume in Kazakhstan for 2020

Kazakhstan will produce 2.02 million barrels of oil and other liquids per day in 2020, Trend reports with reference to the March Short-term Energy Outlook (STEO) of…

Kazakhstan’s Senate approves agreement on gas supply to Baikonur

Kazakhstan’s Senate (upper house) of the parliament has approved the draft law on ratification of the agreement between Kazakhstan and Russia for gas supply to…

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