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KazMunaiGas planning a global IPO

KazMunayGas is the state-owned oil and gas company of Kazakhstan.

KazMunaiGas planning a global IPO
©REUTERS
Rosneft to transit crude to China across Kazakhstan

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.

Rosneft to transit crude to China across Kazakhstan
Oil refinery near Kashagan field. ©Reuters
ConocoPhillips completes sale of Kashagan share to KMG and views Kashagan as non-core asset

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.

ConocoPhillips completes sale of Kashagan share to KMG and views Kashagan as non-core asset
Processing facility at Karachaganak field. ©Reuters
Heavy truck crashes bus at Karachaganak field injuring 18

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.

Heavy truck crashes bus at Karachaganak field injuring 18
Signing the memorandum of understanding between KazMunaiGas and Vallourec & Mannesmann Tubes. ©kmg.kz
Kazakhstan poised to produce OCTG fittings

KazMunaiGas and French Vallourec & Mannesmann Tubes has signed a memorandum of understanding.

Kazakhstan poised to produce OCTG fittings
Photo by Yaroslav Radlovskiy©
Third string of Kazakhstan-China pipeline to be launched in 2016

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.

Third string of Kazakhstan-China pipeline to be launched in 2016
$23 billion Tengiz expansion project approved

A project of the Tengiz field production facilities expansion worth $23 billion has been approved.

$23 billion Tengiz expansion project approved
Photo courtesy of munaigaz.kz
Kazakhstan negotiating gas supplies with Russia

Kazakhstan is negotiating gas supplies to Astana with Russia.

Kazakhstan negotiating gas supplies with Russia
Photo courtesy of rompetrol.com
KMG branch to build 22 petrol stations in Georgia in 2014

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.

KMG branch to build 22 petrol stations in Georgia in 2014
© RIA Novosti
Kazakhstan doesn’t exclude supplies of natural gas to Romania

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 doesn’t exclude supplies of natural gas to Romania
Illustration by Tengrinews.kz
KazMunaiGas instructed to train personnel for oil projects

Kazakhstan President Nursultan Nazarbayev met with the chairman of KazMunaiGas National Company Sauat Mynbayev.

KazMunaiGas instructed to train personnel for oil projects
Oil-pumping station. ©RIA Novosti
KazTransOil to transport oil from Kashagan

The state oil pipeline company KazTransOil and KMG Kashagan B.V. have signed a transport contract.

KazTransOil to transport oil from Kashagan
Lyazzat Kiinov. ©pm.kz
Chairman of KazMunaiGas E&P dismissed

Chairman of KazMunaiGas Exploration&Production Lyazzat Kiinov was dismissed.

Chairman of KazMunaiGas E&P dismissed
Sauat Mynbayev. Photo courtesy of flickr.com
Mynbayev appointed new head of KazMunaiGas

Former Kazakhstan Oil and Gas Minister Sauat Mynbayev has been appointed new head of KazMunaiGas National Oil and Gas Company.

Mynbayev appointed new head of KazMunaiGas
KazMunaiGas headoffice. Photo by Danial Okassov©
KMG to buy ConocoPhillips' stake in Kashagan for $5 billion

ConocoPhillips will sell its 8.4-percent stake in Kashagan to KazMunaiGas for $5 billion.

KMG to buy ConocoPhillips' stake in Kashagan for $5 billion
Oil-processing plant at Kashagan field. ©REUTERS
Kazakhstan reserves to priority right to buy ConocoPhillips stake in Kashagan

Kazakhstan plans to execute its priority right to purchase ConocoPhillips’ stake in Kashagan oil and gas project at the Caspian shelf.

Kazakhstan reserves to priority right to buy ConocoPhillips stake in Kashagan
KazMunaiGas headquarters in Astana. Photo by Danial Okassov©
Romania, Kazakh oil firm settle debt dispute

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.

Romania, Kazakh oil firm settle debt dispute
KazMunaiGas headquarters in Astana. Photo by Danial Okassov©
KazMunaiGas closes $3 billion deals

KazMunaiGas National Company has successfully closed the deals on placement of 10-year and 30-year Eurobonds raising $3 billion.

KazMunaiGas closes $3 billion deals
KazMunaiGas headquarters. Photo by Danial Okassov©
KazMunaiGas considering a Eurobond issue

The Company has turned to Bank of America Merrill Lynch, Barclays, Halyk Finance and VISOR Capital to arrange meetings with prospective investors to be held starting from April 16.

KazMunaiGas considering a Eurobond issue
KazMunaiGas headquarters in Astana. Photo by Danial Okassov©
Kazakhstan students want to work in oil companies

Students of 14 leading Kazakhstan universities have called KazMunaiGas the employer of their choice.

Kazakhstan students want to work in oil companies