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.
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.
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%).
Lukoil disappointed in Kazakhstan oil fields
Lukoil might decide to close two projects in Kazakhstan sector of the Caspian Sea by the end of the financial year.
Nazarbayev suggests an International Energy Organization coordinate extraction and distribution of all energy resources
According to him, the International Energy Agency is only defending interests of countries importing oil and gas.
Karachaganak Petroleum Operating (KPO) agrees to sell 10% in Karachaganak to Kazakhstan
Consortium participants have submitted to the Government a draft memorandum outlining the agreement.
Oil companies may be obliged to invest into beluga sturgeon breeding projects at the Caspian: Environment Minister Nurgali Ashim
Populations of beluga sturgeon have declined by nearly 90% in recent decades due to the high demand for black caviar, inadequate management, and habitat degradation.
No further licensing of minor oil refineries: Minister of Oil and Gas Sauat Mynbayev
According to the Minister, there are a total of 35 oil refineries: 3 large-scaled ones and 32 minor facilities.
KazMunaiGas to boost financing of innovation projects 100 times by 2015
Currently we spend about $0.68 million on R&D. We plan to increase the figure almost 100 times by 2015: Company’s Head Kairgeldy Kabyldin.
Crude oil production output in January – May 2.5% up
Crude oil production of the period under review made up 28.2 million tons.
Massive oil lake appeared in Aktobe
An oil lake appeared in the city of Aktobe. It may burst into flame any moment.
Kazakhstan and Russia to benefit from OPEC break-up
Organization of Petroleum Exporting Countries OPEC is about to fall apart.
Fuel shortages in Kazakhstan to be resolved by 2015
The problem of fuel deficiency in Kazakhstan will be solved after implementation of the Complex plan of oil refineries development in 2009-2015.
Malaysia’s oil and gas company Petronas to enter Kazakhstan
According to the Malaysia’s PM, the agreement is on mutually beneficial conditions.
KazMunaiGas Chairman of the Board Kairgeldy Kabyldin reports to President Nazarbayev on the Company’s progress
He also briefed the President on the Company’s plans for the year and prospects of development up to 2020.
Ministry of Oil and Gas sets retail price ceiling for fuel
The Ministry’s press service reports that Kazakhstan will keep on regulating retail prices at the country’s pumps even after July 1, 2011 when customs barriers between the Customs Union member states are removed.
Royal Dutch Shell to be able to get back to Kazakhstan: Minister of Oil and Gas Sauat Mynbayev
His comments followed the decision of the energy giant Royal Dutch Shell to close its offices in Kazakhstan on May 30, after laying off its staff.
Dzhandossov: Oil production ceiling should be set
Renowned Kazakhstan economist Oraz Dzhandossov suggested the Government to “set a ceiling limiting oil production."
Minister of Oil and Gas Sauat Mynbayev does not find it necessary to raise export duty on oil
Export duty on oil in Kazakhstan has been $40 per ton since January 1, 2010.
KazMunaiGas may transfer its share in Kashagan to KazMunaiGas EP
KazMunaiGas national Oil Company does not rule out transferring its share in Kashagan to its subsidiary KazMunaiGas EP, KMG President Kairgeldy Kabyldin said in Almaty May 26.