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The falling oil prices put the entire Kashagan project in question. Kashagan is a huge oil field located in Kazakhstan's sector of the Caspian Sea.
KazMunaiGas Vice Chairman Tiyesov has spoken in the Mazhilis informing the deputies that Kazakhstan will face a decline in oil production should no new fields be discovered in the upcoming decade.
KazMunaiGaz will import addition AI-92 gas from Russia to Kazakhstan.
Pavlodar Petrochemical Plant (PPP) has closed down for scheduled repair works.
Standard & Poor’s has revised outlook of 7 Kazakhstan national companies from Stable to Negative.
Italian Eni and Kazakhstan's KazMunaiGas will build a shipyard at the Caspian Sea.
KazMunaiGas Exploration Production JCS has announced a new discovery in the Bashkirian tier’s sediments of the Carboniferous period in the Rozhkovskoye field.
Losses from the forthcoming two-year suspension of the Kashagan oilfield development project in Kazakhstan are estimated at two billion dollars in the least.
Kashagan project in Kazakhstan may get a new operatoring company in the nearest future.
The Rompetrol Group is being renamed to KazMunaiGas International.
The ecology fine of the sub-company of Exploration and Production KazMunaiGa twice more than the profit of the entire Kazakhstan Oil and Gas National Company.
A KazMunaiGas subsidiary will be made the only operator managing petroleum products supplies from Russia.
For Kazakhstan the situation might be not so bad; however, it has consequences for the Company: Sauat Mynbayev.
Expanded activities of Rompetrol in Romania will bolster KazMunaiGas’ strategic plans in the region and plans to enter the club of 30 largest oil and gas companies worldwide.
One of the pressing issues when constructing a 4th oil refinery in Kazakhstan is to ensure sufficient crude: Oil and Gas Minister.
Last year after a moratorium on geological exploration was lifted Kazakhstan held bidding contests for geological exploration at 3 oil blocks.
Kazakhstan will cooperate with Vietnam in oil and gas.
A foreigner is going to be appointed as First Deputy Chairman of the Board of KazMunaiGas, Kazakhstan national oil and gas company.
In its Development Strategy, KazMunaiGas has set an optimistic target to produce 15 million tons of oil from the Kashagan field in 2022.
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