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©REUTERS New oil field discovered in Kazakhstan Exploration well reached 1,406 meters, where 27 meters of oil and gas deposits were discovered.
12 September 2011
©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.
12 September 2011
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.
07 September 2011
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.
31 August 2011
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.
28 August 2011
Finance Minister Bolat Zhamishev. ©flickr.com/photos/karimmassimov 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.
27 August 2011
KazMunayGas Chairman of the Board Kairgeldy Kabyldin. focus.kz stock photo 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.
25 August 2011
KazMunayGas building in Astana. Photo courtesy of astana.kz 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.
23 August 2011
©RIA Novosti Lukoil finally closed Kazakhstan oil fields Russian oil company Lukoil closed two of three exploration projects at Caspian shelf in Kazakhstan.
18 August 2011
©RIA Novosti 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.
16 August 2011
Oil drilling. ©RIA Novosti 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.
16 August 2011
Hydrocarbons processing complex at Karachaganak oil and gas field. ©REUTERS 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.
11 August 2011
©RIA Novosti 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.
11 August 2011
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.
08 August 2011
Paul Murphy. Photo courtesy of electronicintifada.net 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.
02 August 2011
Kazakhstan’s Government sets higher export duty on petroleum products Exports duty on crude remains at $ 40 per ton.
29 July 2011
©RIA Novosti 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.
28 July 2011
Kazakh oilman sampling oil. ©REUTERS 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.
23 July 2011
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.
18 July 2011
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