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Kazakhstan hopes Russian oil supplies to one of its three refineries will be resumed by July Late May Russia’s Transneft reduced oil supplies to the Pavlodar-based oil refinery twofold. Originally the oil refinery was designed to process only Russia’s oil.

05 June 2012

Kazakhstan to turn to oil tolling schemes to tackle petrol shortages Upon adopting respective amendments, Kazakhstan will be able to supply about 1.5 million tons of oil a year to China-based oil refineries for processing within oil tolling schemes.

05 June 2012

Commercial production at Kashagan to start between December 2012 and June 2013 Among other things, the sides have agreed to finance KazMunaiGas’ share of investments in 2012-2013 out of the consortium’s funds.

23 May 2012

Total suggests an integrated logistics platform at the Caspian Sea to cater to all oil and gas operators in the region Total has been operating in Kazakhstan since 1993.

23 May 2012

Nazarbayev set new terms for use of oil and gas fields Nursultan Nazarbayev offered foreign oil and gas companies to develop Kazakhstan’s alternative economy in repayment for rights to develop natural resources.

23 May 2012

Russia halved oil supplies to Pavlodar refinery Normally monthly supplies made around 500 thousand tons. A little over 270 thousand tons will be supplied from Russia in May: speaker.

21 May 2012

In the wake of reduced Russia’s oil supplies to Pavlodar refinery Kazakhstan hopes to regulate all the debatable issues after forthcoming appointments in the Russian Government: Oil and Gas Minister.

21 May 2012

CPC expansion project to be completed in time: Oil and Gas Minister Back in 2010 the CPC shipped a total of 34.9 million tons of oil, including 28.4 million tons of Kazakh oil.

21 May 2012

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.

17 May 2012

Financial police to investigate into bribe allegations over Kashagan Early May Сorriere della Sera, an Italian newspaper, ran a material that Milan Prosecutor Office reportedly suspects Eni of bribing at the time of signing the deal on development of the Kashagan oilfield.

17 May 2012

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

16 May 2012

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.

04 May 2012

KazMunaiGas to issue bonds at the APR of 6% to finance Kashagan: Central Bank Governor The National Oil Fund assets managed by the National Bank will be used to purchase the bonds.

28 April 2012

Nazarbayev wants to increase oil production Nursultan Nazarbayev met with top managers of Chevron.

26 April 2012

Oil refineries will not be suspended during the modernization: Oil and Gas Minister The Minister elaborated that in 2020 the Ministry plans to start constructing a 4th oil refinery given the projected demand in 2025.

26 April 2012

Foreigners can pump $20 billion out of Kazakh oil fields Foreign professionals will be able to earn $15-20 billion in 7-9 years working on development of major oil fields of Kazakhstan.

24 April 2012

Kazakhstan government updated strategic fields list Kazakhstan Government has updated the list of the fields of strategic importance.

17 April 2012

Kazakhstan still expects first oil at Kashagan before the end of 2012 According to KMG, the Company plans to invest $8 billion into the project before 2014, with the total of investments into a range of projects standing at $20 billion.

05 April 2012

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.

04 April 2012

Mega training project will be launched for Kashagan in Aktau An internationally certified training facility for oil workers is going to be built in Aktau to meet the develop of the nearby offshore fields.

22 March 2012

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