1. Main
  2. Learn
  3. News overview
  4. Kazakhstan

Development of Imashevskoye condensed gas field in the Caspian offshore delayed on Russia’s side06 октября 2011, 15:55

Oil and Gas Minister Mynbayev. vesti.kz stock photo Oil and Gas Minister Mynbayev. vesti.kz stock photo
Development of Imashevskoye condensed gas field in the Caspian offshore is being delayed on Russia’s side, Kazakhstan Minister of Oil and Gas Sauat Mynbayev told journalists on the sidelines of the KIOGE oil exhibition in Almaty October 6, Novosti Kazakhstan reports. “Unfortunately, on the part of Russia the project is being delayed. Kazakhstan National Company already has the right for subsurface use, whereas Russia’s right is not yet formalized within the JV”, the Minister said. Russia and Kazakhstan signed an inter-government agreement on geological exploration of the transborder condensed gas field in September 2010. Gazprom of Russia and KazMunaiGas of Kazakhstan have been designated as plenipotentiaries to implement the agreement. In April 2011 the two companies agreed that KazRosGas will be acting as the project operator. Imashevskoye field is located 60 km away from Astrakhan (Russia) and 250 km away from Atyrau (Kazakhstan). Its explored reserves are estimated at over 100 billion cubic meters of gas.

Nobel prizewinner proposes a new city in KZ
New abnormal snowfalls expected in Kazakhstan
Huge glacier retreat triggered in 1940s
Hyperloop construction begins in Las Vegas
"Moonlight" to top Spirit Awards nominations
Oil prices fall due to investors uncertainty
New dwarf galaxy discovered around Milky Way
Kanat Islam becomes a top ten WBO boxer
World oil prices continue to rise
Kazakhstan expects warming - Kazhydromet
Merkel to seek fourth term as chancellor
Sale of Tintin drawings set to break records
US, EU stocks fall as markets focus on dollar
Pacific leaders urged to defend free trade
EU warns eight nations on budget deficit
Universiade-2017: Athletic Village is ready
Bob Dylan can't make Nobel ceremony
Messi will never leave Barca - club president
Google, Facebook take aim at 'fake' news
Aerosmith announces Europe 'farewell' tour
Putin, Trump to normalise US-Russia ties
At least 10 hurt in southern Turkey blast
6.2 quake hits western Japan