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Given the overhaul of the current 3 oil refineries, a new oil refinery may be needed only after 2025: Samruk-Kazyna Sovereign Wealth Fund Managing Director.
By 2022 the Company’s proven recoverable reserves of oil and condensed gas should make up 1.413 billion tons as compared to 789.6 million tons as of the end of 2013.
Late October Russia’s Energy Minister Aleksandr Novak said that Rosneft was negotiating oil transits across Kazakhstan to China via the Kazakh-Chinese Atasu-Alashankow pipeline.
The main reason why ConocoPhillips sold its share in the gigantic pie that everyone wants a bite from has nothing to do with the complexity of the field or the bulging expenses of the consortium to develop it.
Bus driver failed to yield the right of way to a heavy truck at Karachaganak gas condensate; 18 workers were injured, four of them gravely.
KazMunaiGas and French Vallourec & Mannesmann Tubes has signed a memorandum of understanding.
We currently transport over 63 billion cubic meters of gas to China via two strings of this pipeline. Construction of the third string has started and it is scheduled to be launched in 2016: Sauat Mynbayev.
A project of the Tengiz field production facilities expansion worth $23 billion has been approved.
Kazakhstan is negotiating gas supplies to Astana with Russia.
The Rompetrol Group N.V., a subsidiary of KazMunaiGas National Company, plans to open 22 new petrol stations in Georgia by the end of 2014.
Romania-based Rompetrol, part of KazMunaiGas Kazakh National Oil Company, already possesses a substantial part of energy assets in Romania, Bulgaria, Serbia, Ukraine, Turkey and France.
Kazakhstan President Nursultan Nazarbayev met with the chairman of KazMunaiGas National Company Sauat Mynbayev.
The state oil pipeline company KazTransOil and KMG Kashagan B.V. have signed a transport contract.
Chairman of KazMunaiGas Exploration&Production Lyazzat Kiinov was dismissed.
Former Kazakhstan Oil and Gas Minister Sauat Mynbayev has been appointed new head of KazMunaiGas National Oil and Gas Company.
ConocoPhillips will sell its 8.4-percent stake in Kashagan to KazMunaiGas for $5 billion.
Kazakhstan plans to execute its priority right to purchase ConocoPhillips’ stake in Kashagan oil and gas project at the Caspian shelf.
Romania and the Kazakh oil company KazMunayGaz have settled their dispute over a 500-million-euro ($658-million) debt and pledged to invest together in energy projects.
KazMunaiGas National Company has successfully closed the deals on placement of 10-year and 30-year Eurobonds raising $3 billion.
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