Kazakhstan plans a gas processing facility of its own in the West of the country to process gas from Karachaganak oil and gas field.
Karachaganak Petroleum Operating was fined $50 million for emissions.
Kazakhstan's 10-percent stake in KPO will generate an additional profit of $3.3-5 billion: Oil and Gas Minister.
KazMunaiGas evaluates the construction costs of gas processing plant in Karachaganak at 3.7 billion dollars.
U.S. Ambassador to Kazakhstan Kenneth J. Fairfax gave his comments on Kashagan, Tengiz and Karachaganak.
It calls for certain modifications. Its configuration is subject to further discussions: Oil and gas Minister Sauat Mynbayev.
According to him, “the consortium will be exempted from export duty”.
The Tax Commission of Kazakhstan Ministry of Finance has completed a tax inspection of Karachaganak Petroleum Operating.
The agreement on transferring 10 percent in Karachaganak oil and gas project to Kazakhstan will be signed this week.
There are no disagreements left: Vice Minister of Oil and Gas Lyazzat Kiinov.
Limits are not applicable to these projects before January 1, 2015.
We have the principle agreement, but as usually devil is in the detail. We are working on all the details right now: Zhamishev.
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.
Chairman of KazMunaiGas National Oil Company told about plans for Karachaganak field development at the press-conference of the 6th Eurasian Forum KAZENERGY.
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.
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.
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.