“The cost of all the project works was bloated several times, which is by billions of US Dollars”, according to the source.
Commercial production at Kashagan field may put some pressure on the oil prices, but in only the long run.
Kazakhstan has suggested TransNeft to consider transporting oil from Kashagan field via Atyrau-Samara pipeline.
According to the minister, the prep works for the actual launch of crude production is 98% complete.
The state oil pipeline company KazTransOil and KMG Kashagan B.V. have signed a transport contract.
Around 200 employees of CAPE Industrial Services subcontractor were striking this weekend. The company works on D island of Kazakhstan’s oil field Kashagan.
Indian Foreign Ministry plans to discuss cooperation in energy with Kazakhstan government after Kazakhstan refused to support Indian ONGC's deal on Kashagan.
ConocoPhillips will sell its 8.4-percent stake in Kashagan to KazMunaiGas for $5 billion.
Kazakhstan plans to execute its priority right to purchase ConocoPhillips’ stake in Kashagan oil and gas project at the Caspian shelf.
A robot will be used for emergency response and production control at Kashagan field in Kazakhstan.
KazMunaiGas is to sell its stake, purchasing the stake of the exiting ConocoPhillips: Head of KazMunaiGas National Oil Company.
The launch was postponed to coincide with UK Prime Minister David Cameron’s state visit to Kazakhstan.
Earlier it was reported that China is ready to pay threefold more than the ask price for ConocoPhillips’ stake in the giant Kashagan oilfield in the Caspian offshore.
It’s likely that the announcement of China entering the project will be made early July as China has made a higher bid than India: unidentified source.
Large-scale oil spills at Kashagan can only be eliminated by the British company that worked on spills in the Gulf of Mexico and Alaska.
I am asking the government to take decisive measures to purchase the share in Kashagan project from ConocoPhillips: Tursunbek Omurzakov.
Indian government gave ONGC Videsh Limited a go to buy a minority stake in Kashagan oilfield from ConocoPhillips for $5.5 billion.
Nursultan Nazarbayev met with Chairman and CEO of ConocoPhillips Ryan Lance who arrived for the 26th meeting of the Foreign Investors Council.
Atyrau Oblast Financial Police Department has initiated a criminal case against an accountant of KMG Kashagan B.V.
Managing Director of NC Production Operations Company (NCPOC) that develops Kashagan field has announced his resignation.
- Caspian Sea
- Asia Pacific
- David Cameron
- pension fund
- Nursultan Nazarbayev
- Foreign Investors Council