According to him, the issue of raising export duty on oil is not considered in the draft three-year budget.
Early next year the drill rig will be delivered to the Caspian Sea in separate blocks.
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.
Russian oil company Lukoil closed two of three exploration projects at Caspian shelf in Kazakhstan.
Earlier Tengrinews.kz reported that In January – July 2011 petrol production in Kazakhstan had dropped 16% as compared to the like period of 2010.
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.
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.
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.
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.
The agreement was signed July 15.
Nor do we find admissible any actions provoking political instability and public unrest: Foreign Ministry spokesman Ilyas Omarov.
Exports duty on crude remains at $ 40 per ton.
According to the Company, production output is currently 366 000 tons of oil behind the schedule.
We purchase only gasoil and residual oil. Not yet crude oil: Belarus Ambassador to Kazakhstan Valery Brylev.
President of Russia signed several laws regulating cooperation with Kazakhstan within the Common Economic Space.
Massimov said that modernization of existing oil-processing plants will finish not later than January 1, 2015.
The sides dwelt on bilateral cooperation to implement joint O&G projects.
The Company cited inclement weather conditions and protests at Ozenmunaigas as the main reasons behind the production drop.
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.
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%).
- South Korea
- Caspian Sea
- Samruk Kazyna
- Ministry of Foreign Affairs
- Customs Union
- Common Economic Space
- Karim Massimov
- Karim Masimov