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.
Kazakhstan Government has no plans to raise export duty on crude: Finance Minister
According to him, the issue of raising export duty on oil is not considered in the draft three-year budget.
KazMunayGas and KC Kazakh B.V. of South Korea agree on a drill rig at jointly developed Zhambyl oil block
Early next year the drill rig will be delivered to the Caspian Sea in separate blocks.
KazMunayGas announces H1 2011 results
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.
Lukoil finally closed Kazakhstan oil fields
Russian oil company Lukoil closed two of three exploration projects at Caspian shelf in Kazakhstan.
Petrol price 17.4% up
Earlier Tengrinews.kz reported that In January – July 2011 petrol production in Kazakhstan had dropped 16% as compared to the like period of 2010.
Given the oil prices, Kazakh economy has substantial strength reserve: Samruk Kazyna official
As a patriot of the national currency, I believe the Kazakh tenge is very stable. All the fundamentals of the national economy are well-balanced today: Vice Chairman of the Board at Samruk-Kazyna Sovereign Wealth Fund.
Government and KPO continuing negotiations on Karachaganak oilfield
Possibility and conditions for the Government to buy a stake in the project fully depend on commercial terms to be finalized during the negotiations: Oil and gas Ministry.
2011 January – July oil production figures
According to the Ministry of Oil and gas, production of crude oil and condensed gas in 2010 totaled 80 million tons, 4.2% up against 2009.
Legendary Larry King to come to Kazakhstan to moderate KAZENERGY Eurasian Forum
The event is organized by Association KAZENERGY that unites more than 50 major players in the oil, gas and energy business – extracting, transporting, servicing, geophysical, uranium-producing and other transnational companies.
KazMunayGas National Oil and Gas Company obtains a syndicated loan worth $1 billion
The agreement was signed July 15.
Foreign Ministry finds it inadmissible for representatives of the European Parliament to intervene in the internal affairs of sovereign Kazakhstan
Nor do we find admissible any actions provoking political instability and public unrest: Foreign Ministry spokesman Ilyas Omarov.
Kazakhstan’s Government sets higher export duty on petroleum products
Exports duty on crude remains at $ 40 per ton.
KazMunaiGas EP annual oil production output may fall 6% due to industrial action
According to the Company, production output is currently 366 000 tons of oil behind the schedule.
Export of Kazakhstan’s oil to Belarus impossible without Russia’s consent
We purchase only gasoil and residual oil. Not yet crude oil: Belarus Ambassador to Kazakhstan Valery Brylev.
Medvedev signed a law to cooperate with Kazakhstan in oil deliveries
President of Russia signed several laws regulating cooperation with Kazakhstan within the Common Economic Space.