Members of the Kashagan project have signed a memorandum with the Kazakhstan Government on stages of the oilfield's development.
Kashagan project in Kazakhstan may get a new operatoring company in the nearest future.
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.
Indian Foreign Ministry plans to discuss cooperation in energy with Kazakhstan government after Kazakhstan refused to support Indian ONGC's deal on Kashagan.
ConocoPhillips will sell its 8.4-percent stake in Kashagan to KazMunaiGas for $5 billion.
Kazakhstan plans to execute its priority right to purchase ConocoPhillips’ stake in Kashagan oil and gas project at the Caspian shelf.
I am asking the government to take decisive measures to purchase the share in Kashagan project from ConocoPhillips: Tursunbek Omurzakov.
Indian government gave ONGC Videsh Limited a go to buy a minority stake in Kashagan oilfield from ConocoPhillips for $5.5 billion.
Nursultan Nazarbayev met with Chairman and CEO of ConocoPhillips Ryan Lance who arrived for the 26th meeting of the Foreign Investors Council.
Chinese state and private companies are nearing the finish line in procurement of stakes in Kashagan project, Nursultan and Abai blocks.
According to Kazakhstan geologists, geological reserves of Kashagan are estimated at 4.8 billion tons of oil.
As far as I remember, block N cost $32 million: Oil and Gas Minister.
Kazakhstan's KazMunaiGas and ConocoPhillips Petroleum Holdings B.V. have completed a deal on a stake in N Block B.V.
Kazakhstan Government may decide on purchasing the stake before July 2013.
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.
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%).
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).
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.
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.
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.
- Agip KCO
- Asia Pacific
- pension fund
- Nursultan Nazarbayev
- Foreign Investors Council
- Caspian Sea
- Sauat Mynbayev
- Samruk Kazyna
- United States
- Middle East & Africa