site.news_by_theme KazMunaiGas

Everything will be completed and pilot exploitation will start by the end of the year: KazMunaiGas chairman.

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

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

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

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

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

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

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

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


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

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

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

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

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.

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.

Estimated aviation fuel consumption makes up about 600 000 tons.

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

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.

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