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.
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.
Akchulakov appointed new head of KazMunaiGas
Outgoing Kairgeldy Kabyldin, according to a source close to the situation, is expected to head KazTransOil.
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.
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.
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”.
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.
APC fined Sinooil 3 million tenge
Agency for Protection of Competition fined Sinooil over 3 million tenge.
Kazakhstan’s Government raises export duty on petroleum products
The new export duty rate comes into effect September 27.
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.
Pipeline repaired in north Kazakhstan
Oil pipeline TON-2 (Taimys-Omsk-Novosibirsk) has been successfully repaired in North-Kazakhstan oblast.
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.
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.
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.
Petrol output dropped 14 percent in Kazakhstan
Petrol production made 1.7 million tons in January-August 2011 in Kazakhstan.
New oil field discovered in Kazakhstan
Exploration well reached 1,406 meters, where 27 meters of oil and gas deposits were discovered.
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 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.
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.
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.