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.
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.
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.
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.
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.
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.
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.
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.
KazMunaiGas and LUKOIL to sign cooperation agreements
The memorandum of understanding and cooperation agreements will be signed between KazMunaiGas and LUKOIL.
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.
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.
Nazarbayev wants to increase oil production
Nursultan Nazarbayev met with top managers of Chevron.
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.
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.
Kazakhstan government updated strategic fields list
Kazakhstan Government has updated the list of the fields of strategic importance.
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.
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.
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.
Oil-producing companies will pay 400 million tenge in fines: Kazakhstan Oil and Gas Ministry
The list of penalized companies will be published on the website of the Oil and Gas Ministry in the beginning of April.
Hyundai Marubeni of Japan to finance modernization of the Pavlodar-based oil refinery
The actual construction is to start in 2013 and complete by the Q4 2015.
