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.
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.
China already controls almost 40 percent of Kazakhstan’s hydrocarbon assets: Indian media.
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.
We are content with the 16.8% we have in the project: KazMunaiGas National Oil Company’s Chairman of the Board Lyazzat Kiinov.
The protest action was initiated by UK citizens opposing to their two country fellowmen’s dismissal.
Chinese state and private companies are nearing the finish line in procurement of stakes in Kashagan project, Nursultan and Abai blocks.
The postponement is due to testing of the equipment: Minister of Economic Affairs and Budget Planning
Minister Manybayev was asked in the Majilis about the social inequality of Kazakhstan citizens and foreigners working in oil and gas.
According to him, a potential stakeholder should be fully aware that the bulk of investments is still ahead.
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.
In 2012 Kazakhstan produced a total of 79.211 million tons, including condensed gas, 1.1% down as compared to 2011.
According to Kazakhstan geologists, geological reserves of Kashagan are estimated at 4.8 billion tons of oil.
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.
Intensification of geological exploration works is one of the main ways to increase the resources potential: KazMunaiGas deputy chairman.
Kazakhstan Government may decide on purchasing the stake before July 2013.
According to the PM, these oilfields’ share in the overall hydrocarbons production output will make up over ½.
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.
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 President Nursultan Nazarbayev met with Chief Executive Officer of Shell Peter Voser.