Nazarbayev worried about KashaganKazakhstan’s president Nursultan Nazarbayev expressed concern about the development of the Kashagan oil field during his meeting with the CEO of Italian Eni Claudio Descalzi.
13 June 2014
Exxon may take over as Kashagan operatorExxon Mobil, an American major multinational oil and gas corporation and world’s third largest company by revenue, may take over as Kashagan's new operator.
Vice Minister of Oil and Gas on KashaganAccording to the country’s Minister of Economic Affairs Yerbolat Dossayev, the suspension of the project resulted in losing 0.5% of the GDP in 2014.
22 May 2014
Counting losses from Kashagan suspensionLosses from the forthcoming two-year suspension of the Kashagan oilfield development project in Kazakhstan are estimated at two billion dollars in the least.
Head of NCOC, Kashagan operating company, to resignA full-scaled resumption of crude production at the giant Kashagan oilfield should be expected at the end of 2015, Yves Louis Darricarrere, President of the Exploration & Production Division at Total SA, said earlier.
Peter Baruch's hearing postponedPeter Baruch detained for corruption of minors in Kazakhstan's Uralsk and Atyrau will remain in custody till the end of the month.
Oil Minister Uzakbai Karabalin on KashaganOver 2000 weld seams have been inspected; we have covered over 6000 meters of pipes with in-line inspections; the data is being processed at laboratories, he said.
07 April 2014
NCOC and Agip to dispute Kashagan fineNCOC and Agip KCO intend to dispute the $737 million damage compensation for the break down at the Kashagan oil-field in court.