site.news_by_theme Kashagan

Oil prices gain despite rising OPEC supply forecast Oil prices on the rise joining the positive movement on equities markets despite a new forecast from producing countries for 2017.
13 сентября 2016
Reuters © Standard & Poors no longer takes Kashagan into account when assigning ratings to Kazakhstan The project is likely to be regarded as ad addition to the current economic growth model that has been recently shaped: S&P’s Associate Director Karen Vartapetov.
20 октября 2015
REUTERS © Kazakhstan still planning to resume production at Kashagan late 2016 Kashagan oil project in the Caspian offshore will be economically viable with oil rices standing at $100 per barrel, a journalist reported earlier, citing Sauat Mynbayev, KazMunaiGas Chairman of the Board.
09 сентября 2015
Photo © REUTERS KazMunayGas to sell half of its Kashagan share to Samruk-Kazyna KazMunayGas JCS (KMG) is selling 50% of the company’s share in Kashagan to the National Welfare Fund Samruk-Kazyna of Kazakhstan for almost $4.7 billion.
03 июля 2015
REUTERS © Kazakhstan will not be compensating for expenses to replace pipes at Kashagan: Prime Minister Commercial production at Kashagan started September 11, 2013. However, it was suspended 2 weeks later due to a gas leakage. The production process was resumed shortly. However, another leakage was detected in October.
17 июня 2015
Photo © Turar Kazangapov Kazakhstan has enough oil, even without Kashagan: Nazarbayev President Nursultan Nazarbayev believes Kazakhstan has enough oil even without Kashagan oil field at the Caspian sea.
30 апреля 2015
Kazakhstan's President Nursultan Nazarbayev and Total's CEO Patrick Pouyanné. Photo courtesy of Akorda. Nazarbayev meets French Total CEO Kazakhstan’s President Nursultan Nazarbayev has met with the CEO of French oil giant Total Patrick Pouyanne on Tuesday, April 14.
16 апреля 2015
Standard & Poor’s lowers Kazakhstan long-term ratings Standard & Poor’s has lowered Kazakhstan long-term ratings over dwindling revenues of the oil-rich country amid the global oil turbulence.
11 февраля 2015
REUTERS © Kashagan economically viable with prices for oil at $100 per barrel Both Tengiz and Karachaganak oilfields are effective projects, with the break even point being much lower that of Kashagan: Sauat Mynbayev, KazMunaiGas Chairman of the Board.
09 февраля 2015
Photo courtesy of Pipeline havoc at Kashagan: no losses for Kazakhstan, no refund for NCOC Production at Kashagan field remains halted for an unspecified time; the need to replace pipes threatens the future of the oil project.
07 января 2015
Kashagan oil and gas field. ©REUTERS Dropping oil prices cast a shadow of unprofitability over Kashagan The falling oil prices put the entire Kashagan project in question. Kashagan is a huge oil field located in Kazakhstan's sector of the Caspian Sea.
07 ноября 2014
REUTERS © New pipelines to be delivered to Kashagan early 2015 According to the Energy Minister, of today the project subcontractors have purchased around 45 kilometers of pipelines.
05 ноября 2014
CEO of French oil group Total Christophe de Margerie. Photo courtesy of Death of Total CEO will not affect Kashagan project: Kazakh Vice-Minister of Energy Tragic death of the CEO of French oil giant Total Christophe de Margerie will not affect the development of Kashagan field in Kazakhstan.
22 октября 2014
Kashagan ©REUTERS Kashagan project cost may rise again The cost of Kashagan project is estimated to rise by another $4 billion, Financial Times reports.
13 октября 2014
© RIA Novosti Kazakhstan to see crude production output decline in 2015 Last year we planned this year’s crude production output would make up 83 million tons. We plan the figure to make up 81.8 million tons, with exports standing at 54 million tons: Finance Minister Bakhyt Sultanov.
16 сентября 2014
Oil production at Kashagan to be resumed in 2016: Kazakhstan’s Oil Minister According to him, at Kashagan both the oil and gas pipes have to be fully changed. 200 km of pipes have to be purchased to replace the damaged pipes.
31 июля 2014
Kashagan oil field. ©Reuters Kashagan to be developed by consolidated company Kashagan will be developed by a consolidated joint venture company.
14 июля 2014
Kashagan is one of the largest oil reserves in the world ©REUTERS Kashagan pipes replacement to increase costs eightfold: expert 700 percent is the estimated increase in the original cost of the Kashagan oil field project after the complete replacement of its pipelines.
01 июля 2014
Photo courtesy of Ongoing crisis in Ukraine negatively affects Kazakhstan's economy: Dossayev Kazakh Minister of Economy and Budget Planning Yerbolat Dossayev said that the ongoing crisis in Ukraine and the slowdown of the Russian economy posed risks to the Kazakhstan economy.
22 июня 2014
©REUTERS Workers producing parts of equipment for Kashagan go on strike Dozens of workers launched the campaign to demand the salaries owed to them since December 2013.
18 июня 2014

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