Kazakhstan

Kazakhstan and China agree on increasing gas export
Kazakhstan

Kazakhstan and China agree on increasing gas export

NC KazMunayGas and the Chinese National Oil and Gas Corporation have agreed on a prospective increase in the export of Kazakh gas to China to 10 bcm per year. This is reported by Kazinform with reference to KazMunayGas. The parties also noted the need for further development of the gas transportation infrastructure and modernization and expansion of the capacity of […]

Kazakhstan produces more oil than OPEC+ quota
Kazakhstan

Kazakhstan produces more oil than OPEC+ quota

Kazakhstan breaks agreement between oil-producing states in the framework of OPEC+. The country sharply increased its production and has already overtaken Iraq, which had been the largest violator of quotas within the framework of the interstate agreement before this. This is reported by the agency Bloomberg. The Minister of Economy of Kazakhstan Timur Suleimenov said yesterday that the level of […]

Eni and KMG complete transfer of subsoil use rights of Isatay block
Kazakhstan

Eni and KMG complete transfer of subsoil use rights of Isatay block

The Ministry of Energy of the Republic of Kazakhstan, Eni and KazMunaiGas (KMG) signed yesterday the agreement to transfer to Eni 50% of the subsoil use rights of the Isatay block, located in the Caspian Sea, for exploration and production of hydrocarbons. The block is estimated to have significant potential for hydrocarbon resources, which are geologically not complex and technologically […]

Transit of energy resources to step up Kazakhstan-Azerbaijan cooperation
Kazakhstan

Transit of energy resources to step up Kazakhstan-Azerbaijan cooperation

Export of energy resources, including gas and liquefied gas to third countries through the territory of Kazakhstan and Azerbaijan will strengthen the transit cooperation between the two countries, Ambassador Extraordinary and Plenipotentiary of Kazakhstan Beibit Isabayev told Trend. “Recently we held a meeting of the intergovernmental commission between our countries, where we approved a road map for trade and economic […]

Kazakhstan’s gas production breaks records
Kazakhstan

Kazakhstan’s gas production breaks records

According to the results of 11 months, gas production in Kazakhstan amounted to 174.8 billion tenge (+ 10% per year) in monetary terms, and 48.4 bcm in terms of volumes (+ 15% against the same period a year earlier). It is noteworthy that the production volumes over the 11 months surpassed the final figures of 2016 (46.7 bcm of gas […]

Kazakhstan increases oil production due to Kashagan
Kazakhstan

Kazakhstan increases oil production due to Kashagan

Oil production in Kazakhstan is 86 million tons in 2017, Energy Minister Kanat Bozumbayev said. “The plan for production has been fulfilled, and there are expectations that there will be more – 86 million tons of oil in 2017, I think. Yesterday (December 25) there was 84.5 million tons of oil, and there is still an opportunity to extract 1.5 […]

Azerbaijan-based company expands its business to Kazakhstan
Kazakhstan

Azerbaijan-based company expands its business to Kazakhstan

Azerbaijan-based company Global Energy Solutions (Glensol), one of the leading providers of maintenance and integrity solutions to the oil and gas, power and water, chemical industries expanded its business to Kazakhstan earlier this month. Glensol started its activity by opening office and workshop facility in Aktau, the center of oil and gas industry of Kazakhstan. The new facility covers 2,000 sq. […]

Shymkent refinery moved to Euro-4 and Euro-5
Kazakhstan

Shymkent refinery moved to Euro-4 and Euro-5

Since December 15, Shymkent Oil Refinery (Petro Kazakhstan Oil Products, PKOP) has switched to the production of diesel fuel of the ecological class Euro-4 and Euro-5 according to the requirements of the Technical Regulations of the Customs Union. According to the press service of PKOP, since July of this year the plant has started production of high-octane gasoline of ecological […]

Kashagan output is more than expected
Kazakhstan

Kashagan output is more than expected

The oil production in Kashagan, one of the largest fields of Kazakhstan, exceeded the annual plan by 46 percent, said Timur Suleimenov, the National  Minister of Economy of Kazakstan. “In terms of industry, the biggest growth was recorded in Atyrau region at 21.4 percent. This was achieved due to the stable oil production at Kashagan. So, in eleven months of […]

Kazakhstan considers transit of energy resources through Azerbaijan
Kazakhstan

Kazakhstan considers transit of energy resources through Azerbaijan

Baku and Astana set up two working groups on the issues of transporting Kazakh oil and gas through Azerbaijan to world markets. Such a statement was made by Energy Minister Kanat Bozumbayev to journalists in Baku 7 December. “The volumes of Kazakh gas production will increase and Azerbaijan will be considered as export routes,” said Bozumbayev. According to Bozumbayev, for […]

Ministry of Energy of Kazakhstan Expects Rise in Gasoline Prices
Kazakhstan

Ministry of Energy of Kazakhstan Expects Rise in Gasoline Prices

In Kazakhstan, in the conditions of fuel shortage, a temporary jump in prices for A-92 gasoline is possible – up to 165 tenge per liter, said Deputy Minister of Energy of Kazakhstan Bakytzhan Dzhaksaliyev, speaking in parliament. Currently, the prices for gasoline AI-92 at the gas stations of Kazakhstan fluctuate within 157-159 tenge per litre. Thus, gasoline of this brand […]

Kazakhstan could supply 10 bln cu m of gas to China annually
Kazakhstan

Kazakhstan could supply 10 bln cu m of gas to China annually

The KazTransGas national operator has begun exporting domestic gas to China with the ceremony launching Kazakh gas from the Beineu-Bozoy-Shymkent main gas pipeline to the Central Asia-China transnational gas pipeline held at the gas operator’s centralized dispatch center in Astana, the company’s press service has said. The ceremony was attended by Energy Minister Kanat Bozumbayev, KazMunaiGaz Chairman of the Board […]

Moody’s: Kazakhstan Adapted to Low Oil Prices
Kazakhstan

Moody’s: Kazakhstan Adapted to Low Oil Prices

The international rating agency Moody’s confirmed Kazakhstan’s sovereign rating at Baa3 and raised the outlook for the country’s future rating from negative to stable. The agency experts explain the increase in the forecast of the country rating by the fact that, in their opinion, the economy, the budget and the banking system of the republic have gradually adapted to a […]

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 […]