KazMunayGas National Oil and Gas Company obtains a syndicated loan worth $1 billion
The agreement was signed July 15.
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.
Kazakhstan’s Government sets higher export duty on petroleum products
Exports duty on crude remains at $ 40 per ton.
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.
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.
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.
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.
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.
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.
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.
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%).
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.
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.
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.
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.
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.
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.
Crude oil production output in January – May 2.5% up
Crude oil production of the period under review made up 28.2 million tons.
Massive oil lake appeared in Aktobe
An oil lake appeared in the city of Aktobe. It may burst into flame any moment.
Kazakhstan and Russia to benefit from OPEC break-up
Organization of Petroleum Exporting Countries OPEC is about to fall apart.
