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Photo ©REUTERS
Consortium and Kazakh government agree on stages of Kashagan development

Members of the Kashagan project have signed a memorandum with the Kazakhstan Government on stages of the oilfield's development.

Consortium and Kazakh government agree on stages of Kashagan development
©REUTERS
Transition to new Kashagan operator started in May: NCOC

North Caspian Operating Company (NCOC) informed that the transition to a new operator of the Kashagan project started back in May 2014.

Transition to new Kashagan operator started in May: NCOC
©REUTERS
S&P lowers Kazakhstan's credit-rating outlook to Negative

Standard & Poor’s has changed Kazakhstan’s credit-rating outlook from Stable to to Negative.

S&P lowers Kazakhstan's credit-rating outlook to Negative
President of Kazakhstan Nursultan Nazarbayev ©REUTERS
Nazarbayev worried about Kashagan

Kazakhstan’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.

Nazarbayev worried about Kashagan
Kashagan oil field. ©REUTERS
Exxon may take over as Kashagan operator

Exxon 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.

Exxon may take over as Kashagan operator
Photo ©REUTERS
New operator for Kashagan to be launched by September 2014

The new operator will comprise best specialists employed with member companies of the consortium: Oil Minister Uzakbai Karabalin.

New operator for Kashagan to be launched by September 2014
©REUTERS
Vice Minister of Oil and Gas on Kashagan

According 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.

Vice Minister of Oil and Gas on Kashagan
Kashagan oil field. ©Reuters
Counting losses from Kashagan suspension

Losses from the forthcoming two-year suspension of the Kashagan oilfield development project in Kazakhstan are estimated at two billion dollars in the least.

Counting losses from Kashagan suspension
Photo ©REUTERS
New operating company for Kashagan

Kashagan project in Kazakhstan may get a new operatoring company in the nearest future.

New operating company for Kashagan
©REUTERS
North Caspian Operating Company planning full replacement of pipelines at Kashagan

Given the risks of further postponement of commercial production at the giant Kashagan oilfield, talks will be held with other oil companies to boost crude production figures, Tengrinews.kz reported earlier.

North Caspian Operating Company planning full replacement of pipelines at Kashagan
Yerbolat Dossaeyv. ©primeminister.kz
Commercial production at Kashagan to be resumed at the end of 2015: Minister of Economic Affairs

He elaborated that “these are preliminary data obtained from the consortium of foreign companies in charge of developing the oilfield”.

Commercial production at Kashagan to be resumed at the end of 2015: Minister of Economic Affairs
Pierre Offan ©azh.kz
Head of NCOC, Kashagan operating company, to resign

A 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.

Head of NCOC, Kashagan operating company, to resign
Kashagan oilfield. ©REUTERS
Full-scaled resumption of crude production at Kashagan expected at the end of 2015

Given the risks of further postponement of commercial production at the giant Kashagan oilfield, talks will be held with other oil companies to boost crude production figures, Tengrinews.kz reported earlier.

Full-scaled resumption of crude production at Kashagan expected at the end of 2015
Peter Baruch. Photo ©mgorod.kz
Peter Baruch's hearing postponed

Peter Baruch detained for corruption of minors in Kazakhstan's Uralsk and Atyrau will remain in custody till the end of the month.

Peter Baruch's hearing postponed
wikipedia.org
Talks to be held to boost oil production at other oilfields over failed plans to produce 2.5 million tons at Kashagan

Talks will be held with other oil producers to boost crude production and exports by at least 1.5 million tons at other oilfields: Minister of Economic Affairs.

Talks to be held to boost oil production at other oilfields over failed plans to produce 2.5 million tons at Kashagan
Kashagan oilfield. ©REUTERS
Kashagan oil production may be suspended for 2 years

Operations at gigantic Kashagan oilfield in Kazakhstan may be suspended for two years.

Kashagan oil production may be suspended for 2 years
©Reuters
Oil Minister Uzakbai Karabalin on Kashagan

Over 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.

Oil Minister Uzakbai Karabalin on Kashagan
©Reuters
NCOC and Agip to dispute Kashagan fine

NCOC and Agip KCO intend to dispute the $737 million damage compensation for the break down at the Kashagan oil-field in court.

NCOC and Agip to dispute Kashagan fine
Island D at Kashagan field. ©Reuters
Kashagan operator fined $737 million for flaring

Kazakhstan ecologists are demanding that the Kashagan field operator pays a fine of $737 million to compensate the environmental damage.

Kashagan operator fined $737 million for flaring
Mynbayev.  Tengrinews.kz stock photo
KazMunaiGas Head on Kashagan

It’s too early to talk of any specific figures, estimated expenses related to repairs of the pipe: KazMunaiGas National Oil Company Head.

KazMunaiGas Head on Kashagan