site.news_by_theme Kashagan

Kashagan oil and gas field. ©REUTERS Kazakhstan's Kashagan tagged world's most expensive energy project Kashagan's development in Kazakhstan has already absorbed $116 billion, which makes the project one of the most expensive discoveries of the last 40 years.
29 ноября 2012
Kashagan oil and gas field. ©REUTERS Sale of ConocoPhillips' stake in Kashagan to India is a 'red flag' for China Independent expert Olzhas Baidildinov of Kazakhstan has expressed his opinion on the news about ConocoPhillips intent to sell its stake in Kashagan to Indian ONGC.
28 ноября 2012
Oil and Gas Minister Sauat Mynbayev. © Daniyal Okassov ConocoPhillips hasn’t notified the Kazakhstan’s Government on its intention to sell 8.4% in the giant Kashagan oilfield A day before ConocoPhillips announced its intentions in a press-release, according to which the deal is expected to be finalized in the H1 2013.
27 ноября 2012
Kashagan oil field. ©REUTERS ConocoPhillips to sell its stake in Kashagan to India’s ONGC Videsh Limited The deal is expected to be finalized in the H1 2013. ConocoPhillips’s proceedings from the sale are expected to reach $5 billion.
26 ноября 2012
PM Serik Akhmetov. ©Daniyal Okassov PM Serik Akhmetov shown round Bolashak onshore oil treatment plant Head of the Kazakh Government was briefed on the plant’s readiness to receive commercial oil from the giant Kashagan oilfield.
23 ноября 2012
CEO of Eni, Paolo Scaroni. ©RIA Novosti Nazarbayev discussed development of Kashagan and Karachaganak fields with Eni Kazakhstan President Nursultan Nazarbayev met with Eni's CEO Paolo Scaroni.
03 октября 2012
Kazakhstan Oil and Gas Minister Sauat Mynbayev. Photo by Danial Okassov© Kazakhstan Oil and Gas Minister on status of major oil projects Speaking at the 7th Eurasian forum KAZENERGY, Sauat Mynbayev noted that Kashagan is expected to bring profits in 2013.
03 октября 2012
Kashagan oil field. ©REUTERS ConocoPhillips might exit the Kashagan project: Oil Minister The Minister elaborated that “no official announcements have been made”.
02 октября 2012
Kashagan oil field. ©REUTERS Commercial production at giant oilfield Kashagan to start in spring 2013 The decision was taken not to start the production amidst severe winter conditions.
28 августа 2012
Kashagan oil field. ©REUTERS Second and third phases of Kashagan development will start on time The second and third phases of the project will start on time and the profitability of the field time-wise is estimated until 2112: KazMunaiGas.
18 июня 2012
Kashagan oil field. ©REUTERS Commercial production at Kashagan to start between December 2012 and June 2013 Among other things, the sides have agreed to finance KazMunaiGas’ share of investments in 2012-2013 out of the consortium’s funds.
23 мая 2012
Chairman of KazMunaiGas Lyazzat Kiinov. Photo courtesy of pm.kz Pilot oil production at Kashagan to start by year end Everything will be completed and pilot exploitation will start by the end of the year: KazMunaiGas chairman.
17 мая 2012
Kashagan oil and gas field. ©REUTERS Financial police to investigate into bribe allegations over Kashagan Early May Сorriere della Sera, an Italian newspaper, ran a material that Milan Prosecutor Office reportedly suspects Eni of bribing at the time of signing the deal on development of the Kashagan oilfield.
17 мая 2012
Kashagan oil field. ©REUTERS Production at Kashagan to start at 75 000 barrels a day Plans are there to bring the production figure up to 350 000 barrels a day or even up to 450 000 barrels a day at the first stage of the oilfield development.
15 мая 2012
Kashagan oil and gas field. ©REUTERS Corruption claims will have no effect on Kashagan project: Kazakhstan Oil and Gas Ministry Kazakhstan Oil and Gas Ministry considers foreign media's accusing of Eni company of bribery during signing of contracts on Kashagan oil and gas field an internal battle between participants of the project.
12 мая 2012
Kashagan oil field. ©REUTERS KazMunaiGas to issue bonds at the APR of 6% to finance Kashagan: Central Bank Governor The National Oil Fund assets managed by the National Bank will be used to purchase the bonds.
28 апреля 2012
Kashagan oil field. ©REUTERS Kazakhstan still expects first oil at Kashagan before the end of 2012 According to KMG, the Company plans to invest $8 billion into the project before 2014, with the total of investments into a range of projects standing at $20 billion.
05 апреля 2012
An oil refinery. Photo courtesy of wordpress.com We may get back to constructing fourth oil refinery to accommodate Kashagan oil: PM Massimov As of today, Kazakhstan-based refineries process a bit over 13 million tons a year. Plans are there to increase oil processing up to 17.5 million tons by 2015.
29 февраля 2012
Kashagan oil field. ©REUTERS KazMunaiGas to obtain a loan of $4 billion out of the National Oil Fund to finance Kashagan development According to Kazakhstan geologists, geological reserves of Kashagan are estimated at 4.8 billion tons of oil.
29 февраля 2012
Kashagan oil field. ©REUTERS A possible oil spill at Kashagan could be compared to the Mexican Gulf disaster: Environment Minister The oilfield lies some 4,200 meters below the shallow waters of the northern part of the Caspian Sea and is highly pressured (770 bar of initial pressure).
10 февраля 2012

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