site.news_by_theme Oil
APC fined Sinooil 3 million tenge
Agency for Protection of Competition fined Sinooil over 3 million tenge.
19 September 2011
Kazakhstan’s Government raises export duty on petroleum products
The new export duty rate comes into effect September 27.
19 September 2011
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.
17 September 2011
Pipeline repaired in north Kazakhstan
Oil pipeline TON-2 (Taimys-Omsk-Novosibirsk) has been successfully repaired in North-Kazakhstan oblast.
16 September 2011
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.
16 September 2011
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.
14 September 2011
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.
14 September 2011
Petrol output dropped 14 percent in Kazakhstan
Petrol production made 1.7 million tons in January-August 2011 in Kazakhstan.
13 September 2011
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
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
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
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
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
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 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
Lukoil finally closed Kazakhstan oil fields
Russian oil company Lukoil closed two of three exploration projects at Caspian shelf in Kazakhstan.
18 August 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 August 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 August 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 August 2011