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Hydrocarbons processing facility of Karachaganak Petroleum Operating. ©REUTERS
U.S. Ambassador to Kazakhstan commented on Karachaganak and Kashagan contracts

U.S. Ambassador to Kazakhstan Kenneth J. Fairfax gave his comments on Kashagan, Tengiz and Karachaganak.

U.S. Ambassador to Kazakhstan commented on Karachaganak and Kashagan contracts
Kashagan oil field. ©REUTERS
France’s Total believes oil production at giant Kashagan oilfield will start late 2012 at 300 000 barrels a day

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

France’s Total believes oil production at giant Kashagan oilfield will start late 2012 at 300 000 barrels a day
Hydrocarbons processing complex at Karachaganak oil and gas field. ©REUTERS
Kabyldin told about plans for Karachaganak development by the end of 2011

Chairman of KazMunaiGas National Oil Company told about plans for Karachaganak field development at the press-conference of the 6th Eurasian Forum KAZENERGY.

Kabyldin told about plans for Karachaganak development by the end of 2011
FDI to slightly diminish in 2011 due to decreasing investments into Kashagan oilfield

At the same time, according to him, “foreign investments into the processing sector are growing”.

FDI to slightly diminish in 2011 due to decreasing investments into Kashagan oilfield
President Nazarbayev visits D island at Kashagan giant oilfield

The field was discovered in 2000 and was one of the larger discoveries in that decade, it is estimated that the Kashagan Field has commercial reserves from 10 billion barrels.

President Nazarbayev visits D island at Kashagan giant oilfield
Kashagan oil field. ©REUTERS
Kashagan operator fined $1.3 million for ecological violations

North Caspian Operating Company (NCOC) was fined 200 million tenge ($1.3 million) for ecological violations.

Kashagan operator fined $1.3 million for ecological violations
ONGC workers. ©REUTERS/Amit Dave
Indians planning to buy ExxonMobil's stake in Kashagan project

Oil & Natural Gas Corp and GAIL India Ltd. are planning to buy part of ExxonMobil's stake in the project developing Kashagan oil field.

Indians planning to buy ExxonMobil's stake in Kashagan project
Minister of Oil and Gas Sauat Mynbayev
Royal Dutch Shell to be able to get back to Kazakhstan: Minister of Oil and Gas Sauat Mynbayev

His comments followed the decision of the energy giant Royal Dutch Shell to close its offices in Kazakhstan on May 30, after laying off its staff.

Royal Dutch Shell to be able to get back to Kazakhstan: Minister of Oil and Gas Sauat Mynbayev
©RIA Novosti
KazMunaiGas may transfer its share in Kashagan to KazMunaiGas EP

KazMunaiGas national Oil Company does not rule out transferring its share in Kashagan to its subsidiary KazMunaiGas EP, KMG President Kairgeldy Kabyldin said in Almaty May 26.

KazMunaiGas may transfer its share in Kashagan to KazMunaiGas EP
Kazakhstan to see first oil from Kashagan in 2012

It was promised by Paolo Scaroni, Eni Chief Executive Officer and General Manager.

Kazakhstan to see first oil from Kashagan in 2012
RIA Novosti©
Proved Caspian reserves made 2.95 billion tons of oil

Proved hydrocarbon reserves of the Caspian Sea shelf make 3.1 trillion cubic meters of gas and 2.95 billion tons of oil.

Proved Caspian reserves made 2.95 billion tons of oil
Sauat Mynbayev. Photo courtesy of focus.kz
Multinationals account for half of investments into Kazakh O&G sector

For the last decade investments into the O&G sector totaled $107 billion, with about 60% of the investments being injected into projects with global oil majors: Minister of Oil and Gas Sauat Mynbayev.

Multinationals account for half of investments into Kazakh O&G sector