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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.

Pilot oil production at Kashagan to start by year end
©RIA Novosti
KazMunaiGas and LUKOIL to sign cooperation agreements

The memorandum of understanding and cooperation agreements will be signed between KazMunaiGas and LUKOIL.

KazMunaiGas and LUKOIL to sign cooperation agreements
Photo by  Danial Okassov©
KMG mulls relocation of two villages in Atyrau oblast for $36 million

KazMunaiGas EP is considering allocation of 5.4 billion tenge for relocation of the citizens of Baishonas and Yeskene in Atyrau oblast.

KMG mulls relocation of two villages in Atyrau oblast for $36 million
KazMunaiGas headquarters. Photo by Danial Okassov©
KazMunaiGas National Oil and Gas Company to join the top 30 global oil majors by 2022

As of now the Company is among the top 50 global oil and gas companies.

KazMunaiGas National Oil and Gas Company to join the top 30 global oil majors by 2022
KazMunaiGas headquarters. Photo by Danial Okassov©
KazMunaiGas halved its top management

KazMunaiGas National Oil company has completed optimization of its central headquarters' structure.

KazMunaiGas halved its top management
Medical and health-improvement hotel Borzhomi-Likani. Photo courtesy of kmg-service.kz
KazMunaiGas will open hotel in Georgia in October 2012

Medical and health-improvement hotel Borzhomi-Likani owned by KazMunaiGas-Service will open in October 2012.

KazMunaiGas will open hotel in Georgia in October 2012
KazMunaiGas logo
KazMunaiGas fined 500 million tenge in Pavlodar

KazMunaiGas was mulct by 470 million tenge ($3.2 million) in Pavlodar.

KazMunaiGas fined 500 million tenge in Pavlodar
KazMunaiGas headquarters. Photo by Danial Okassov©
KazMunaiGas cut a quarter of managerial jobs

Managerial personnel of KazMunaiGas National Oil Company has been axed by 23 percent.

KazMunaiGas cut a quarter of managerial jobs
Oil production. ©RIA Novosti
KMG failed to produce over 1 million tons of oil in Zhanaozen strikes

KazMunaiGas failed to produce over 1 million tons of oil because of Zhanaozen strikes.

KMG failed to produce over 1 million tons of oil in Zhanaozen strikes
KMG headquarters. Photo by Danial Okassov©
KazMunaiGas reshuffled

KazMunaiGas National Oil Company has been reshuffled.

KazMunaiGas reshuffled
Umirzak Shukeev. By Yaroslav Radlovsky ©
KazMunaiGas may merge with KazMunaiGas Exploration and Production

In the nearest future we will consider all possible optimization options within Samruk-Kazyna: Umirzak Shukeev, Head of the Samruk-Kazyna Sovereign Wealth Fund.

KazMunaiGas may merge with KazMunaiGas Exploration and Production
Tengrinews.kz stock photo
KazMunaiGas to lay off 25% of its headcount

January 27, 2012 President Nazarbayev instructed Umirzak Shukeev, Head of Samruk-Kazyna Sovereign Wealth Fund, “to optimize the headcount of ministries, regional governors’ offices.

KazMunaiGas to lay off 25% of its headcount
Extended meeting of Samruk-Kazyna National Welfare Fund. Photo by Danial Okassov©
Kazakhstan national companies comment expected job cuts

Managers of Kazakhstan Temir Zholy, KazAtomProm and KazMunaiGas spoke about the current and future optimization of their structures.

Kazakhstan national companies comment expected job cuts
KazMunaiGas headquarters building. Photo by Danial Okassov©
Job cuts expected in KazMunaiGas headquarters

At the same time the number of production units is expected to be increased.

Job cuts expected in KazMunaiGas headquarters
Tengrinews.kz stock photo
KazMunaiGas announces oil production plans

Earlier Kazakhstan’s Minister of Oil and Gas Sauat Mynbayev reported that Kazakhstan planned to produce a total of 83 million tons of oil and condensed gas.

KazMunaiGas announces oil production plans
Kazakhstan Prime-Minister Karim Massimov. Photo courtesy of pm.kz
Kazakhstan PM refuted gossips on reorganization of Samruk-Kazyna

Kazakhstan Prime-Minister Karim Massimov refuted the gossips about transferring of KazMunaiGas and Kazakhstan Temir Zholy to respective ministries. Commented People's IPO plans and Kashagan budget.

Kazakhstan PM refuted gossips on reorganization of Samruk-Kazyna
REUTERS/Shaun Best©
2012 aviation fuel shortages estimates

Estimated aviation fuel consumption makes up about 600 000 tons.

2012 aviation fuel shortages estimates
RIA Novosti ©
Aviation fuel shortages explained

Production of kerosene has come to normal. No shortages can be seen. In January a total of 32 500 tons have been produced.

Aviation fuel shortages explained
KazMunaiGas EP General Director Alik Aidarbayev. Renat Tashkinbayev ©
KMG EP launches two new enterprises in Aktau and Zhanaozen

The two oil service companies are in the process of state registration, but have already employed 1710 earlier fired oilmen: Company’s Director General Alik Aidarbayev.

KMG EP launches two new enterprises in Aktau and Zhanaozen
Photo by RIA Novosti©
KMG EP announces 2011 oil production output results

Oil production output in 2012 is expected at 13 065 000 tons (265 000 barrels a day), 6% up against 2011.

KMG EP announces 2011 oil production output results