President Nazarbayev visits D island at Kashagan giant oilfield
The field was discovered in 2000 and was one of the larger discoveries in that decade, it is estimated that the Kashagan Field has commercial reserves from 10 billion barrels.
Pipeline repaired in north Kazakhstan
Oil pipeline TON-2 (Taimys-Omsk-Novosibirsk) has been successfully repaired in North-Kazakhstan oblast.
Information about Kazakh oilman missing in Mexican Gulf not confirmed
Information about a Kazakh oilworker missing after Tropical Storm Nate in the Mexican Gulf was not confirmed.
Kazakhstan announces Jan – Aug gas and crude oil production output
Earlier Tengrinews.kz reported that Kazakhstan plans to boost oil production to 102 million tons by 2016.
Oil spilled from pipeline in North Kazakhstan
A pipeline rupture caused a 200 cub.m oil spill in the area of 1,000 sq.m.
Petrol output dropped 14 percent in Kazakhstan
Petrol production made 1.7 million tons in January-August 2011 in Kazakhstan.
New oil field discovered in Kazakhstan
Exploration well reached 1,406 meters, where 27 meters of oil and gas deposits were discovered.
Kazakhstan plans to boost oil production to 102 million tons by 2016
According to the stats, crude and condensed gas production output for the first 7 months totaled 46.6 million tons.
Kazakhstan hopes to join Karachaganak project within a month: Timur Kulibayev
With its 1.2 billion tons of oil and condensed gas and 1.35 trillion cubic meters of gas, Karachaganak is one of the largest O&G fields in the world. Karachagank accounts for 49% of all the gas production and 18% of oil production in Kazakhstan.
PM Azarov of Ukraine to come to Kazakhstan on an official visit
According to Kazakhstan’s Vice Foreign Minister Zhumabayev, Kazakhstan is interested in transporting its oil across Ukraine to third countries as well as in using Ukrainian sea ports.
Assets of National Oil Fund to reach $72.5 billion by 2015
Assets of the National Fund as of the end of July totaled $38.72 billion.
Kazakhstan Government has no plans to raise export duty on crude: Finance Minister
According to him, the issue of raising export duty on oil is not considered in the draft three-year budget.
KazMunayGas and KC Kazakh B.V. of South Korea agree on a drill rig at jointly developed Zhambyl oil block
Early next year the drill rig will be delivered to the Caspian Sea in separate blocks.
KazMunayGas announces H1 2011 results
The Company accounts for 65% of overall oil transportation, 100% of gas transportation, 50% of tanker transportation in Kazakhstan. 100 per cent of the Company’s shares belong to the National Sovereign Wealth Fund Samruk-Kazyna.
Lukoil finally closed Kazakhstan oil fields
Russian oil company Lukoil closed two of three exploration projects at Caspian shelf in Kazakhstan.
Petrol price 17.4% up
Earlier Tengrinews.kz reported that In January – July 2011 petrol production in Kazakhstan had dropped 16% as compared to the like period of 2010.
Given the oil prices, Kazakh economy has substantial strength reserve: Samruk Kazyna official
As a patriot of the national currency, I believe the Kazakh tenge is very stable. All the fundamentals of the national economy are well-balanced today: Vice Chairman of the Board at Samruk-Kazyna Sovereign Wealth Fund.
Government and KPO continuing negotiations on Karachaganak oilfield
Possibility and conditions for the Government to buy a stake in the project fully depend on commercial terms to be finalized during the negotiations: Oil and gas Ministry.
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.
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.
