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Category: 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…

KMG boosts profit, exports in 1H

JSC National Company KazMunayGas (KMG), Kazakhstan’s vertically integrated oil and gas company, announces its IFRS financial and operating results for the first half of 2018….

Analysts predict weakening of Kazakhstan currency to KZT 400/$1

Kazakhstan currency weakens to the US dollar for the fifth trading day in a row. The last time the rate was below the level of…

Kashagan crude production to reach 450,000 b/d

Kashagan oil output will climb to 450,000 barrels a day, Kazinform reports. “Currently, its crude production stands at 325,000 barrels a day under the first…

KMG EP announced a programme to repurchase its preferred shares from the KASE

JSC KazMunaiGas Exploration Production announces that the Board of Directors of KMG EP has approved the programme to repurchase preferred shares of the Company. The…

Gas chemical complex with Chinese capital to be built in Kazakhstan’s Aktau

Kazakhstan’s KazAzot JSC and China’s Inner Mongolia Berun Holding Group Co. Ltd will build a gas chemical complex worth over one trillion tenge in Kazakhstan’s…

Investments in the Kalamkas-Sea deposit are estimated at $70bn

The investment package for development of the North Caspian Operating Company (NCOC, Kashagan operator) of the Kalamkas Sea field in the Kazakhstan sector of the…

Kazakhstan boosts fuel and electricity production

 Kazakhstan’s fuel and energy industry is showing signs of growth. This year, Kazakhstan has increased oil production 6 percent, gas production 6.4 percent and electricity…

Kazakhstan increased oil and gas condensate production by 6%

In the first half of this year, Kazakhstan increased oil and gas condensate production by 6.2% to 45.2 million tons compared to the same period…

National operator of the main gas pipelines has been appointed in Kazakhstan

Intergas Central Asia JSC, a member of the KazTransGas JSC Corporate Group, has received the status of the National Operator of the main gas pipelines…

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