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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

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

04 August 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 August 2011

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

29 July 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 July 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 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

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 July 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 July 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 July 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 July 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 June 2011

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.

22 June 2011

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.

19 June 2011

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.

16 June 2011

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.

16 June 2011

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.

16 June 2011

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.

16 June 2011

Crude oil production output in January – May 2.5% up Crude oil production of the period under review made up 28.2 million tons.

14 June 2011

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