site.news_by_theme Kashagan

Managing Director of Agip KCO Umberto Carrara is going to be replaced by Guido Brusco after November 1.

Every participant of the consortium has a right to sell oil individually and, thus, the route, destination and prices depend on the participants of the consortium working at Kashagan: Minister.

In a short period of time oil production in Kazakhstan tripled and gas production increased 5-fold: Serik Akhmetov.

Kazakhstan and its partners have been waiting for this for over 10 years: Sauat Mynbayev.

“October 6, upon completion of all the repairs, the wells at the oilfield have been restarted (…) production was resumed with no complications”, according to the country’s Oil and Gas Ministry.

Crude production was suspended September 25 due to some faults of the gas pipeline. According to first estimates, the repairs were supposed to take 3-4 days. However, oil production hasn’t been resumed yet.

A small content of gas was discovered in the air during a check of the ground gas pipeline 2km from Bolashak oil treatment plant in Atyrau oblast.

The Caspian Pipeline Consortium is unlikely to delay expansion at Kashagan, considering the agreements with Kashagan’s operators.

Mr. Karabalin also elaborated that the Caspian Pipeline Consortium (CPC) would be able to handle the increased volume of crude.

The maximum production level at Kashagan is 1.5 million barrels a day if the development plan is approved: Oil and Gas Minister.

The onset of production is one reason we expect Kazakhstan's economic growth rate to recover after a slight slowdown in 2012: Fitch Ratings.

However, we need to know the anticipated volume and make sure the supplies are stable: Transneft’s spokesman.

Further increase of the Chinese investors’ stake in the project is not considered: Oil and Gas Minister Bolat Akchulakov.

The operator of Kashagan oilfield in Kazakhstan, NCOC consortium, is interested in starting the commercial production in October 2013.

The consortium has re-activated the first production well and produced the first oil from the field in the North Caspian Sea on September 11, 2013.

Earlier the country’s media reported that the oil production was to start September 9.

Commercial production may start as early as before October 1: KazMunaiGas Head Sauat Mynbayev.

The agreement is welcomed and supported by the two governments: China’s President Xi Jinping.

North Caspian Operating Company, the operator of Kashagan oilfield, located in Kazakhstan's sector of the Caspian Sea shelf, was fined $10 thousand for harming the environment.

Commercial production at the giant Kashagan oilfield is to start as early as in October, KazTAG reported July 18, citing the country’s newly appointed oil and gas minister Uazakbai Karabalin as saying.