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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.

02 June 2011

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.

01 June 2011

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.

31 May 2011

Dzhandossov: Oil production ceiling should be set Renowned Kazakhstan economist Oraz Dzhandossov suggested the Government to “set a ceiling limiting oil production."

27 May 2011

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.

26 May 2011

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.

26 May 2011

Implementation of most of the current oil and gas projects will bring Kazakhstan into the top five oil producers: Timur Kulibayev Before the end of this decade the annual volume of oil and gas supplies from the CIS to the global markets can grow 1.5 times against 2010, he said when speaking at the XI CIS oil and gas summit in Paris May 25.

26 May 2011

Kazakhstan and Belarus to agree on oil supplies We are very much interested. This will enable us to diversify oil supplies: President Alexandr Lukashenko.

25 May 2011

Kazakhstan to join the Karachaganak project: Kazakhstan’s Prime Minister Karim Massimov The negotiations with the project participants are to be completed before the end of the year.

21 May 2011

New oil field discovered in Kazakhstan The field's oil reserves may reach 200 million tons.

19 May 2011

Kazakhstan to see first oil from Kashagan in 2012 It was promised by Paolo Scaroni, Eni Chief Executive Officer and General Manager.

18 May 2011

Oil and gas Minister Mynbayev does not rule out suspension at Karachaganak Without an agreement there will be no 3rd stage of the Project: Minister of Oil and Gas Sauat Mynbayev.

18 May 2011

Kazakhstan’s Government drafts a law to regulate gas supplies The draft law seeks to establish a sole national operator of marketable gas supplies: the operator shall have the preemptive right to purchase processed associated gas: Oil and Gas Minister Sauat Mynbayev.

17 May 2011

Issues over KPO may take longer than planned: LUKOIL President Vagit Alekperov Kazakhstan has a number of requirements to be considered by the consortium. There are mutual commitments (…) the negotiations process is constructive: Mr. Alekperov.

17 May 2011

Investment climate in Kazakhstan favors long-term projects: LUKOIL President Vagit Alekperov We are among the first investors to inject their money to this country. The Company is involved in a total of 9 projects. Investments make up $6 billion: Mr. Alekperov.

17 May 2011

Kazakhstan’s Prime Minister Karim Massimov meets LUKOIL President Vagit Alekperov LUKOIL has been operating in Kazakhstan since 1995.

16 May 2011

Pavlodar oil refinery to be suspended for repairs this summer Kazakhstan-based three oil refineries process a bit over 13 million tons a year. Plans are there to increase oil processing up to 17 million tons by 2015.

16 May 2011

Oil and gas January-April statistics Crude oil production in January-April 2011 grew by 3%, the Agency for Statistics reports.

16 May 2011

Putin found no oil in Kazakhstan part of the Caspian shelf Vladimir Putin said that no oil was found on the Kazakhstan part of the field, but promissed to Russia jointly develop its part with Kazakhstan.

13 May 2011

KazMunaiGas National Oil Company Q1 2011 results Oil and condensed gas production for the period made up 5.4 million tons, 2% up against the same period of 2010.

12 May 2011

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