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Early next year the drill rig will be delivered to the Caspian Sea in separate blocks.
The Company accounts for 65% of overall oil transportation, 100% of gas transportation, 50% of tanker transportation in Kazakhstan. 100 per cent of the Company’s shares belong to the National Sovereign Wealth Fund Samruk-Kazyna.
The agreement was signed July 15.
According to the Company, production output is currently 366 000 tons of oil behind the schedule.
The Company cited inclement weather conditions and protests at Ozenmunaigas as the main reasons behind the production drop.
The Company owns too many strategic assets in Kazakhstan – gas and oil pipeline networks, stakes in oil refineries: Malik Salimgereev, Director for Oil and Gas Assets Management at Samruk-Kazyna.
Currently we spend about $0.68 million on R&D. We plan to increase the figure almost 100 times by 2015: Company’s Head Kairgeldy Kabyldin.
KazMunaiGas National Oil Company purchased 100% stake in Aktaunefteservis.
Oil & Natural Gas Corp and GAIL India Ltd. are planning to buy part of ExxonMobil's stake in the project developing Kashagan oil field.
He also briefed the President on the Company’s plans for the year and prospects of development up to 2020.
KazMunaiGas national Oil Company does not rule out transferring its share in Kashagan to its subsidiary KazMunaiGas EP, KMG President Kairgeldy Kabyldin said in Almaty May 26.
KazMunaiGas National Oil Company is planning to bring Kazakh content in procurement to 387 billion tenge.
Oil and condensed gas production for the period made up 5.4 million tons, 2% up against the same period of 2010.
KazMunaiGas Exploration Production was established in March 2004 and is among the top three oil producers in Kazakhstan.
The growth was mostly spurred by 33% oil sales price growth (from $64.64 to $86.61 per barrel).
Top managers of national oil and gas company KazMunaiGas have revealed their salaries and bonuses.
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