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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 августа 2011

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 августа 2011

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 августа 2011

Lukoil finally closed Kazakhstan oil fields Russian oil company Lukoil closed two of three exploration projects at Caspian shelf in Kazakhstan.

18 августа 2011

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 августа 2011

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 августа 2011

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 августа 2011

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 августа 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 августа 2011

KazMunayGas National Oil and Gas Company obtains a syndicated loan worth $1 billion The agreement was signed July 15.

04 августа 2011

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 августа 2011

Kazakhstan’s Government sets higher export duty on petroleum products Exports duty on crude remains at $ 40 per ton.

29 июля 2011

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 июля 2011

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 июля 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 июля 2011

Kazakstan to be able to meet its fuel needs by 2015 Massimov said that modernization of existing oil-processing plants will finish not later than January 1, 2015.

15 июля 2011

Kazakhstan’s PM Karim Massimov meets Dato' Shamsul Azhar Abbas, Malaysia’s Petronas President and CEO The sides dwelt on bilateral cooperation to implement joint O&G projects.

08 июля 2011

H1 2011 KazMunaiGas EP oil production output 3% down The Company cited inclement weather conditions and protests at Ozenmunaigas as the main reasons behind the production drop.

07 июля 2011

Project to expand Caspian Pipeline Consortium pipeline capacity launched in Kazakhstan Following the modernization project, the carrying capacity of the pipeline linking the Kazakh Tengiz oilfield with the Russian Black Sea port in Novorossiysk will make up 67 million tons of crude per year.

01 июля 2011

Pavlodar oil refinery to be suspended for repairs June 25 Pavlodar refinery is capable of producing 7.5 million tons of oil a year. The facility was constructed in 1978 and is currently owned by Refinary Company RT (KazMunaiGas subsidiary) (58%) and Samruk-Kazyna Sovereign Wealth Fund (42%).

24 июня 2011

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