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Construction of an oil rig at Kashagan. ©REUTERS
Structural changes possible at Kashagan: an informed source

According to the source, the country’s Minister of Oil and Gas Sauat Mynbayev reportedly asked the governor of Atyrau oblast to persuade the operator to start production early July.

Structural changes possible at Kashagan: an informed source
Kashagan oil and gas field. ©REUTERS
First commercial oil at Kashagan to be produced by July 6

The country’s Oil and Gas Ministry has been pressing the project’s operator to have the first oil secured by the capital city’s birthday.

First commercial oil at Kashagan to be produced by July 6
©pm.kz
China controls almost 40 percent of Kazakhstan's hydrocarbons: media

China already controls almost 40 percent of Kazakhstan’s hydrocarbon assets: Indian media.

China controls almost 40 percent of Kazakhstan's hydrocarbons: media
KazMunaiGas headquarters. Photo by Danial Okassov©
Plans are there to produce 1.5-3 million tons of oil at Kashagan this year

Earlier Tengrinews.kz reported, citing the country’s Minister of Economic Affairs and Budget Planning Erbolat Dossayev, that the start of commercial production at Kashagan might be further delayed.

Plans are there to produce 1.5-3 million tons of oil at Kashagan this year
Kashagan oil and gas field. ©REUTERS
Kazakhstan isn’t interested in boosting its share in Kashagan oilfield

We are content with the 16.8% we have in the project: KazMunaiGas National Oil Company’s Chairman of the Board Lyazzat Kiinov.

Kazakhstan isn’t interested in boosting its share in Kashagan oilfield
Kashagan oil and gas field. ©REUTERS
Labor conflict at D island at Kashagan

The protest action was initiated by UK citizens opposing to their two country fellowmen’s dismissal.

Labor conflict at D island at Kashagan
Kashagan oil and gas field. ©REUTERS
China ready to purchase stake in Kashagan: media

Chinese state and private companies are nearing the finish line in procurement of stakes in Kashagan project, Nursultan and Abai blocks.

China ready to purchase stake in Kashagan: media
Kashagan oil and gas field. ©REUTERS
Commercial production at Kashagan to be further delayed

The postponement is due to testing of the equipment: Minister of Economic Affairs and Budget Planning

Commercial production at Kashagan to be further delayed
Kazakhstan Oil and Gas Minister Sauat Mynbayev. Photo by Danial Okassov©
Mynbayev supports foreigners working at Kashagan

Minister Manybayev was asked in the Majilis about the social inequality of Kazakhstan citizens and foreigners working in oil and gas.

Mynbayev supports foreigners working at Kashagan
Kashagan oil and gas field. ©REUTERS
Kashagan consortium partners not willing to purchase ConocoPhillips’s stake: Oil Minister

According to him, a potential stakeholder should be fully aware that the bulk of investments is still ahead.

Kashagan consortium partners not willing to purchase ConocoPhillips’s stake: Oil Minister
Kashagan oil and gas field. ©REUTERS
China interested in purchasing ConocoPhillips’s stake in the giant Kashagan oilfield

According to Kazakhstan’s Oil and Gas Minister, acquiring a stake in Kashagan might be a way to boost the volume of crude to be shipped to China.

China interested in purchasing ConocoPhillips’s stake in the giant Kashagan oilfield
©RIA Novosti
Kazakhstan planning to boost oil production output to 120 million tons a year by 2020: PM Serik Akhmetov

In 2012 Kazakhstan produced a total of 79.211 million tons, including condensed gas, 1.1% down as compared to 2011.

Kazakhstan planning to boost oil production output to 120 million tons a year by 2020: PM Serik Akhmetov
Kashagan oil and gas field. ©REUTERS
Decision on purchasing СonocoPhillips’s stake in Kashagan to be taken before May 25

According to Kazakhstan geologists, geological reserves of Kashagan are estimated at 4.8 billion tons of oil.

Decision on purchasing СonocoPhillips’s stake in Kashagan to be taken before May 25
One of drilling platforms in Kashagan. Photo courtesy of yvision.kz
Accident at Kashagan field in Kazakhstan

An accident has happened at one of the drilling rigs on artificial island D of Kashagan oil field in Kazakhstan's part of the Caspian Sea.

Accident at Kashagan field in Kazakhstan
Magzum Mirzaliyev. Photo courtesy of Flickr.com
KazMunaiGas expects increase of explored oil reserves

Intensification of geological exploration works is one of the main ways to increase the resources potential: KazMunaiGas deputy chairman.

KazMunaiGas expects increase of explored oil reserves
Kashagan oil and gas field. ©REUTERS
KazMunaiGas chooses not to purchase ConocoPhillips’ 8.4% stake in the giant Kashagan oilfield

Kazakhstan Government may decide on purchasing the stake before July 2013.

KazMunaiGas chooses not to purchase ConocoPhillips’ 8.4% stake in the giant Kashagan oilfield
PM Serik Akhmetov. © Damiyal Okassov
Oil and gas Ministry tasked to pay greater attention to large-scaled projects at Tengiz, Karachaganak and Kashagan

According to the PM, these oilfields’ share in the overall hydrocarbons production output will make up over ½.

Oil and gas Ministry tasked to pay greater attention to large-scaled projects at Tengiz, Karachaganak and Kashagan
Kashagan oil and gas field. ©REUTERS
No decision on buying ConocoPhillips’ stake in Kashagan yet

Oil and Gas Minister emphasized that the decision is to be taken by a special inter-agency committee that is carefully studying the issue at the moment.

No decision on buying ConocoPhillips’ stake in Kashagan yet
Kashagan oil and gas field. ©REUTERS
Kazakhstan doesn’t rule out external borrowings to purchase ConocoPhillips’s stake in the giant Kashagan oilfield

The consortium developing the field comprises Eni, Shell, ExxonMobil, Total and KazMunaiGaz (all with a 16.81% stake) as well as ConocoPhillips (8.4%) and Japan's Inpex (7.56%).

Kazakhstan doesn’t rule out external borrowings to purchase ConocoPhillips’s stake in the giant Kashagan oilfield
Kazakhstan President Nursultan Nazarbayev. Photo by Vladimir Dmitriyev©
Nazarbayev discussed implementation of Kashagan project with Shell

Kazakhstan President Nursultan Nazarbayev met with Chief Executive Officer of Shell Peter Voser.

Nazarbayev discussed implementation of Kashagan project with Shell