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Photo courtesy of nnm.ru
New oil field discovered in Kazakhstan

The field's oil reserves may reach 200 million tons.

New oil field discovered in Kazakhstan
Kazakhstan to see first oil from Kashagan in 2012

It was promised by Paolo Scaroni, Eni Chief Executive Officer and General Manager.

Kazakhstan to see first oil from Kashagan in 2012
Sauat Mynbayev. Photo courtesy of focus.kz
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.

Oil and gas Minister Mynbayev does not rule out suspension at Karachaganak
Sauat Mynbayev. ©By Yaroslav Radlovsky
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.

Kazakhstan’s Government drafts a law to regulate gas supplies
Photo courtesy of kpo.kz
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.

Issues over KPO may take longer than planned: LUKOIL President Vagit Alekperov
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.

Investment climate in Kazakhstan favors long-term projects: LUKOIL President Vagit Alekperov
Vagit Alekperov. ©RIA Novosti
Kazakhstan’s Prime Minister Karim Massimov meets LUKOIL President Vagit Alekperov

LUKOIL has been operating in Kazakhstan since 1995.

Kazakhstan’s Prime Minister Karim Massimov meets LUKOIL President Vagit Alekperov
Pavlodar oil refinery. Photo courtesy of pnhz.kz
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.

Pavlodar oil refinery to be suspended for repairs this summer
©RIA Novosti
Oil and gas January-April statistics

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

Oil and gas January-April statistics
Vladimir Putin. RIA Novosti©
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.

Putin found no oil in Kazakhstan part of the Caspian shelf
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.

KazMunaiGas National Oil Company Q1 2011 results
©RIA Novosti
KazMunaiGas EP exiting negotiations over Akkas gas field in Iraq

KazMunaiGas Exploration Production was established in March 2004 and is among the top three oil producers in Kazakhstan.

KazMunaiGas EP exiting negotiations over Akkas gas field in Iraq
Sauat Mynbayev. ©By Yaroslav Radlovsky
New oil refinery may be built in Kazakhstan in 2020

Processing capacities of the current three refineries [based in Pavlodar, Atyrau and Shymkent] can meet the domestic demand: O&G Minister Sauat Mynbayev.

New oil refinery may be built in Kazakhstan in 2020
Sauat Mynbayev. Photo courtesy of focus.kz
Kazakhstan to boost oil processing to 17 million tons by 2015

As of today, Kazakhstan-based refineries process a bit over 13 million tons a year: Oil and gas Minister Sauat Mynbayev.

Kazakhstan to boost oil processing to 17 million tons by 2015
Photo courtesy of caspianenvironment.org
Seals die in Mangistau oblast

12 dead seals were found at the Caspian shore in Mangistau oblast.

Seals die in Mangistau oblast
©RIA Novosti
Q1 2011 KazMunaiGas Exploration Production net profit 14% up against 2010

The growth was mostly spurred by 33% oil sales price growth (from $64.64 to $86.61 per barrel).

Q1 2011 KazMunaiGas Exploration Production net profit 14% up against 2010
Photo by Yaroslav Radlovsky©
There is no preconditions for fuel prices raise or fuel crisis in Kazakhstan

Deputy director of the Center for Analysis of Social Problems talked about the possibility and reasons of fuel crisis in Kazakhstan.

There is no preconditions for fuel prices raise or fuel crisis in Kazakhstan
RIA Novosti©
Proved Caspian reserves made 2.95 billion tons of oil

Proved hydrocarbon reserves of the Caspian Sea shelf make 3.1 trillion cubic meters of gas and 2.95 billion tons of oil.

Proved Caspian reserves made 2.95 billion tons of oil
Sauat Mynbayev. Photo courtesy of focus.kz
Multinationals account for half of investments into Kazakh O&G sector

For the last decade investments into the O&G sector totaled $107 billion, with about 60% of the investments being injected into projects with global oil majors: Minister of Oil and Gas Sauat Mynbayev.

Multinationals account for half of investments into Kazakh O&G sector
President Nazarbayev
Kazakhstan ratifies agreement on common oil and petroleum products market with Russia and Belarus

The agreement seeks to define major principles to form the common markets of oil for the Customs Union member states, as well as to foster competition in these markets.

Kazakhstan ratifies agreement on common oil and petroleum products market with Russia and Belarus