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Category: Kazakhstan

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…

KazMunayGas reports redemption of Eurobonds in the amount of $1.6bn

JSC NC “KazMunayGas” (KMG), as part of its initiative to refinance its short-term Eurobonds into long-term instruments, is reporting that on 2 July 2018 it…

The summit of the heads of the Caspian countries is tentatively scheduled for August 12

The summit of the heads of the Caspian countries will be held in Aktau (the administrative center of Mangistau region of Kazakhstan, on the Caspian…

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