Karachaganak

Kazakhstan in talks with Russia on decreased gas supplies to launch a gas processing facility of its own

Kazakhstan plans a gas processing facility of its own in the West of the country to process gas from Karachaganak oil and gas field.

02 May 2012

Karachaganak Petroleum Operating fined $50 million

Karachaganak Petroleum Operating was fined $50 million for emissions.

05 April 2012

Stake in Karachaganak will bring $5 billion to Kazakhstan by 2037

Kazakhstan's 10-percent stake in KPO will generate an additional profit of $3.3-5 billion: Oil and Gas Minister.

05 March 2012

Phase one of gas processing plant in Karachaganak to be put in operation in 2019

KazMunaiGas evaluates the construction costs of gas processing plant in Karachaganak at 3.7 billion dollars.

13 February 2012

U.S. Ambassador to Kazakhstan commented on Karachaganak and Kashagan contracts

U.S. Ambassador to Kazakhstan Kenneth J. Fairfax gave his comments on Kashagan, Tengiz and Karachaganak.

10 January 2012

3rd stage at Karachaganak to be revisited

It calls for certain modifications. Its configuration is subject to further discussions: Oil and gas Minister Sauat Mynbayev.

14 December 2011

Kazakhstan’s Oil and Gas Minister on Karachaganak deal

According to him, “the consortium will be exempted from export duty”.

14 December 2011

Kazakhstan will claim "several hundred million dollars" in taxes from KPO

The Tax Commission of Kazakhstan Ministry of Finance has completed a tax inspection of Karachaganak Petroleum Operating.

13 December 2011

Part of Karachaganak to be sold to Kazakhstan this week

The agreement on transferring 10 percent in Karachaganak oil and gas project to Kazakhstan will be signed this week.

12 December 2011

Negotiations over Karachaganak to be over before the New Year

There are no disagreements left: Vice Minister of Oil and Gas Lyazzat Kiinov.

09 December 2011

Karachaganak, North Caspian and Tengiz oil projects to be exempted from limits of foreign labor force

Limits are not applicable to these projects before January 1, 2015.

02 November 2011

Key issues resolved on Karachaganak: Kazakh Finance Minister

We have the principle agreement, but as usually devil is in the detail. We are working on all the details right now: Zhamishev.

13 October 2011

Kazakhstan is ready to pay $700 million - 1.1 billion for a stake in Karachaganak

With its 1.2 billion tons of oil and condensed gas and 1.35 trillion cubic meters of gas, Karachaganak is one of the largest O&G fields in the world.

05 October 2011

Kabyldin told about plans for Karachaganak development by the end of 2011

Chairman of KazMunaiGas National Oil Company told about plans for Karachaganak field development at the press-conference of the 6th Eurasian Forum KAZENERGY.

04 October 2011

Kazakhstan hopes to join Karachaganak project within a month: Timur Kulibayev

With its 1.2 billion tons of oil and condensed gas and 1.35 trillion cubic meters of gas, Karachaganak is one of the largest O&G fields in the world. Karachagank accounts for 49% of all the gas production and 18% of oil production in Kazakhstan.

07 September 2011

Government and KPO continuing negotiations on Karachaganak oilfield

Possibility and conditions for the Government to buy a stake in the project fully depend on commercial terms to be finalized during the negotiations: Oil and gas Ministry.

11 August 2011

Karachaganak to settle issues with Kazakh authorities by the end of 2011

I believe that discussions will come to a constructive conclusion and I expect that this will be this year, possibly, by the end of this year: KPO head.

27 July 2011

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