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.
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.
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.
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.
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.