Kazakhstan denies postponement of Kashagan maintenance due to gas shortage
Tengrinews.kz - Kazakhstan government denied information about Ministry of Energy's request to postpone the planned maintenance scheduled for
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.
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.
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 Tengrinews.kz journalist reported earlier, citing Sauat Mynbayev, KazMunaiGas Chairman of the Board.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
Kashagan project cost may rise again
The cost of Kashagan project is estimated to rise by another $4 billion, Financial Times reports.
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.
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.
Kashagan to be developed by consolidated company
Kashagan will be developed by a consolidated joint venture company.
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.
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.
