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Tengrinews.kz stock photo
CPC to transport 32 million tons of oil in 2011

The CPC is implementing a project to expand the pipe’s capacities to 67 million tons a year. The project is to be completed by 2014.

CPC to transport 32 million tons of oil in 2011
Photo courtesy of topneftegaz.ru
Kazakhstan is ready to pay $700 million - 1.1 billion for a stake in Karachaganak

With its 1.2 billion tons of oil and condensed gas and 1.35 trillion cubic meters of gas, Karachaganak is one of the largest O&G fields in the world.

Kazakhstan is ready to pay $700 million - 1.1 billion for a stake in Karachaganak
Bolat Akchulakov
Akchulakov appointed new head of KazMunaiGas

Outgoing Kairgeldy Kabyldin, according to a source close to the situation, is expected to head KazTransOil.

Akchulakov appointed new head of KazMunaiGas
Hydrocarbons processing complex at Karachaganak oil and gas field. ©REUTERS
Kabyldin told about plans for Karachaganak development by the end of 2011

Chairman of KazMunaiGas National Oil Company told about plans for Karachaganak field development at the press-conference of the 6th Eurasian Forum KAZENERGY.

Kabyldin told about plans for Karachaganak development by the end of 2011
Oil and Gas Minister Mynbayev. vesti.kz stock photo
Kazakhstan was late to start modernizing its oil refineries: Minister of Oil and Gas Sauat Mynbayev

According to him, timely expansion of the capacities could neutralize price fluctuations and fuel shortages in the domestic market.

Kazakhstan was late to start modernizing its oil refineries: Minister of Oil and Gas Sauat Mynbayev
FDI to slightly diminish in 2011 due to decreasing investments into Kashagan oilfield

At the same time, according to him, “foreign investments into the processing sector are growing”.

FDI to slightly diminish in 2011 due to decreasing investments into Kashagan oilfield
Kairat Kelimbetov. By Yaroslav Radlovsky ©
Economy growth to make up 3-4% in case of pessimistic scenario

In case oil stands at 60%, the growth rate figure will make up 5-6%: Economic Development Minister Kairat Kelimbetov.

Economy growth to make up 3-4% in case of pessimistic scenario
Photo courtesy of sinooil.kz
APC fined Sinooil 3 million tenge

Agency for Protection of Competition fined Sinooil over 3 million tenge.

APC fined Sinooil 3 million tenge
Kazakhstan’s Government raises export duty on petroleum products

The new export duty rate comes into effect September 27.

Kazakhstan’s Government raises export duty on petroleum products
President Nazarbayev visits D island at Kashagan giant oilfield

The field was discovered in 2000 and was one of the larger discoveries in that decade, it is estimated that the Kashagan Field has commercial reserves from 10 billion barrels.

President Nazarbayev visits D island at Kashagan giant oilfield
Photo courtesy of goodvin.info
Pipeline repaired in north Kazakhstan

Oil pipeline TON-2 (Taimys-Omsk-Novosibirsk) has been successfully repaired in North-Kazakhstan oblast.

Pipeline repaired in north Kazakhstan
Storm in the Mexican Gulf. ©REUTERS/STRINGER Mexico
Information about Kazakh oilman missing in Mexican Gulf not confirmed

Information about a Kazakh oilworker missing after Tropical Storm Nate in the Mexican Gulf was not confirmed.

Information about Kazakh oilman missing in Mexican Gulf not confirmed
©RIA Novosti
Kazakhstan announces Jan – Aug gas and crude oil production output

Earlier Tengrinews.kz reported that Kazakhstan plans to boost oil production to 102 million tons by 2016.

Kazakhstan announces Jan – Aug gas and crude oil production output
Photo courtesy of newsland.ru
Oil spilled from pipeline in North Kazakhstan

A pipeline rupture caused a 200 cub.m oil spill in the area of 1,000 sq.m.

Oil spilled from pipeline in North Kazakhstan
Petrol output dropped 14 percent in Kazakhstan

Petrol production made 1.7 million tons in January-August 2011 in Kazakhstan.

Petrol output dropped 14 percent in Kazakhstan
©REUTERS
New oil field discovered in Kazakhstan

Exploration well reached 1,406 meters, where 27 meters of oil and gas deposits were discovered.

New oil field discovered in Kazakhstan
©RIA Novosti
Kazakhstan plans to boost oil production to 102 million tons by 2016

According to the stats, crude and condensed gas production output for the first 7 months totaled 46.6 million tons.

Kazakhstan plans to boost oil production to 102 million tons by 2016
Timur Kulibayev. By Yaroslav Radlovsky ©
Kazakhstan hopes to join Karachaganak project within a month: Timur Kulibayev

With its 1.2 billion tons of oil and condensed gas and 1.35 trillion cubic meters of gas, Karachaganak is one of the largest O&G fields in the world. Karachagank accounts for 49% of all the gas production and 18% of oil production in Kazakhstan.

Kazakhstan hopes to join Karachaganak project within a month: Timur Kulibayev
Nikolai Azarov. Tengrinews.kz stock photo
PM Azarov of Ukraine to come to Kazakhstan on an official visit

According to Kazakhstan’s Vice Foreign Minister Zhumabayev, Kazakhstan is interested in transporting its oil across Ukraine to third countries as well as in using Ukrainian sea ports.

PM Azarov of Ukraine to come to Kazakhstan on an official visit
Kairat Kelimbetov. By Yaroslav Radlovsky ©
Assets of National Oil Fund to reach $72.5 billion by 2015

Assets of the National Fund as of the end of July totaled $38.72 billion.

Assets of National Oil Fund to reach $72.5 billion by 2015