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Photo ©REUTERS
Consortium and Kazakh government agree on stages of Kashagan development

Members of the Kashagan project have signed a memorandum with the Kazakhstan Government on stages of the oilfield's development.

Consortium and Kazakh government agree on stages of Kashagan development
Photo ©REUTERS
New operating company for Kashagan

Kashagan project in Kazakhstan may get a new operatoring company in the nearest future.

New operating company for Kashagan
Oil refinery near Kashagan field. ©Reuters
ConocoPhillips completes sale of Kashagan share to KMG and views Kashagan as non-core asset

The main reason why ConocoPhillips sold its share in the gigantic pie that everyone wants a bite from has nothing to do with the complexity of the field or the bulging expenses of the consortium to develop it.

ConocoPhillips completes sale of Kashagan share to KMG and views Kashagan as non-core asset
Kashagan oil field. ©REUTERS
India shocked by Kazakhstan's decision on Kashagan

Indian Foreign Ministry plans to discuss cooperation in energy with Kazakhstan government after Kazakhstan refused to support Indian ONGC's deal on Kashagan.

India shocked by Kazakhstan's decision on Kashagan
KazMunaiGas headoffice. Photo by Danial Okassov©
KMG to buy ConocoPhillips' stake in Kashagan for $5 billion

ConocoPhillips will sell its 8.4-percent stake in Kashagan to KazMunaiGas for $5 billion.

KMG to buy ConocoPhillips' stake in Kashagan for $5 billion
Oil-processing plant at Kashagan field. ©REUTERS
Kazakhstan reserves to priority right to buy ConocoPhillips stake in Kashagan

Kazakhstan plans to execute its priority right to purchase ConocoPhillips’ stake in Kashagan oil and gas project at the Caspian shelf.

Kazakhstan reserves to priority right to buy ConocoPhillips stake in Kashagan
Majilis deputy Tursunbek Omyrzakov. Photo by Danial Okassov©
Pension fund money may be spent on ConocoPhillips stake in Kashagan: MP

I am asking the government to take decisive measures to purchase the share in Kashagan project from ConocoPhillips: Tursunbek Omurzakov.

Pension fund money may be spent on ConocoPhillips stake in Kashagan: MP
ConocoPhillips
India approves purchase of ConocoPhillips stake in Kashagan

Indian government gave ONGC Videsh Limited a go to buy a minority stake in Kashagan oilfield from ConocoPhillips for $5.5 billion.

India approves purchase of ConocoPhillips stake in Kashagan
Chairman and CEO of ConocoPhillips Ryan Lance. ©REUTERS
Nazarbayev meets with ConocoPhillips chairman

Nursultan Nazarbayev met with Chairman and CEO of ConocoPhillips Ryan Lance who arrived for the 26th meeting of the Foreign Investors Council.

Nazarbayev meets with ConocoPhillips chairman
Kashagan oil and gas field. ©REUTERS
China ready to purchase stake in Kashagan: media

Chinese state and private companies are nearing the finish line in procurement of stakes in Kashagan project, Nursultan and Abai blocks.

China ready to purchase stake in Kashagan: media
Kashagan oil and gas field. ©REUTERS
Decision on purchasing СonocoPhillips’s stake in Kashagan to be taken before May 25

According to Kazakhstan geologists, geological reserves of Kashagan are estimated at 4.8 billion tons of oil.

Decision on purchasing СonocoPhillips’s stake in Kashagan to be taken before May 25
Map of oil and gas project N. Photo courtesy of wikimedia.org
Stake in N block cost KazMunaiGas $32 million

As far as I remember, block N cost $32 million: Oil and Gas Minister.

Stake in N block cost KazMunaiGas $32 million
Map of oil and gas project N. Photo courtesy of wikimedia.org
KazMunaiGas buys N Block B.V. stake from ConocoPhillips

Kazakhstan's KazMunaiGas and ConocoPhillips Petroleum Holdings B.V. have completed a deal on a stake in N Block B.V.

KazMunaiGas buys N Block B.V. stake from ConocoPhillips
Kashagan oil and gas field. ©REUTERS
KazMunaiGas chooses not to purchase ConocoPhillips’ 8.4% stake in the giant Kashagan oilfield

Kazakhstan Government may decide on purchasing the stake before July 2013.

KazMunaiGas chooses not to purchase ConocoPhillips’ 8.4% stake in the giant Kashagan oilfield
Kashagan oil and gas field. ©REUTERS
No decision on buying ConocoPhillips’ stake in Kashagan yet

Oil and Gas Minister emphasized that the decision is to be taken by a special inter-agency committee that is carefully studying the issue at the moment.

No decision on buying ConocoPhillips’ stake in Kashagan yet
Kashagan oil and gas field. ©REUTERS
Kazakhstan doesn’t rule out external borrowings to purchase ConocoPhillips’s stake in the giant Kashagan oilfield

The consortium developing the field comprises Eni, Shell, ExxonMobil, Total and KazMunaiGaz (all with a 16.81% stake) as well as ConocoPhillips (8.4%) and Japan's Inpex (7.56%).

Kazakhstan doesn’t rule out external borrowings to purchase ConocoPhillips’s stake in the giant Kashagan oilfield
ConocoPhillips sells off Nigerian operation
ConocoPhillips sells off Nigerian operation

US energy giant ConocoPhillips has agreed to sell its Nigerian operations to growing African group Oando for 1.79 billion dollars (1.35 billion euros).

ConocoPhillips sells off Nigerian operation
Kashagan oil and gas field. ©REUTERS
Kazakhstan's Kashagan tagged world's most expensive energy project

Kashagan's development in Kazakhstan has already absorbed $116 billion, which makes the project one of the most expensive discoveries of the last 40 years.

Kazakhstan's Kashagan tagged world's most expensive energy project
Kashagan oil and gas field. ©REUTERS
Sale of ConocoPhillips' stake in Kashagan to India is a 'red flag' for China

Independent expert Olzhas Baidildinov of Kazakhstan has expressed his opinion on the news about ConocoPhillips intent to sell its stake in Kashagan to Indian ONGC.

Sale of ConocoPhillips' stake in Kashagan to India is a 'red flag' for China
Oil and Gas Minister Sauat Mynbayev. © Daniyal Okassov
ConocoPhillips hasn’t notified the Kazakhstan’s Government on its intention to sell 8.4% in the giant Kashagan oilfield

A day before ConocoPhillips announced its intentions in a press-release, according to which the deal is expected to be finalized in the H1 2013.

ConocoPhillips hasn’t notified the Kazakhstan’s Government on its intention to sell 8.4% in the giant Kashagan oilfield