site.news_by_theme Oil

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

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

Without an agreement there will be no 3rd stage of the Project: Minister of Oil and Gas Sauat Mynbayev.

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 has a number of requirements to be considered by the consortium. There are mutual commitments (…) the negotiations process is constructive: Mr. 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.

LUKOIL has been operating in Kazakhstan since 1995.

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.

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

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.

Oil and condensed gas production for the period made up 5.4 million tons, 2% up against the same period of 2010.

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

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

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

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

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

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

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

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.

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.