Eurasia Journal News

Rosneft: Completes $5.3bn Bashneft Asset Purchase

Under the Government of the Russian Federation Decree dated October 10, 2016 Rosneft carried out necessary corporate actions to prepare for and execute the acquisition of the Government’s stake in Bashneft Public Joint Stock Company representing 50.0755% of its charter capital. The Company Board of Directors unanimously approved Rosneft’s potential …

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Eurasia Journal News

KazMunaiGas Exploration Production: Wins VAT Recovery Application

JSC KazMunaiGas Exploration Production (“KMG EP” or the Company”) is pleased to announce that following extensive work by the Company, facilitated and significantly aided by JSC National Company KazMunayGas (“NC KMG”), the Ministry of Energy and the Ministry of Finance of the Republic of Kazakhstan, a positive decision was made regarding the Company’s …

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Eurasia Journal News

Bashneft: Appoint Andrey Shishkin as President

By resolution of the Board of Directors, Andrey Shishkin, Vice President of PJSC Rosneft, has been appointed President and Chairman of the Management Board of PJSOC Bashneft for five years starting from October 13, 2016. The Board of Directors has also elected the new Management Board of PJSOC Bashneft comprising …

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Eurasia Journal News

Association of Gas Construction Companies: Formed between Gazprom and Stroygazconsulting, Stroygazmontazh and StroyTransNefteGaz

Gazprom and major construction companies today entered into a Memorandum of Intent at the 6th St. Petersburg International Gas Forum to form the Association of Gas Construction Companies. The document was signed by Vitaly Markelov, Deputy Chairman of the Gazprom Management Committee, Stanislav Anikeev, Director General of Stroygazconsulting, Sergey Garaev, Director General of Stroygazmontazh, and Vladimir Kartashyan, Director General of StroyTransNefteGaz, …

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Eurasia Journal News

Messoyakhaneftegaz: Drills 1.9km ERD Well

Messoyakhaneftegaz, a Gazprom Neft—Rosneft joint enterprise, has successfully completed construction of a unique-trajectory well at the Vostochno-Messoyakhskoye field. Well no. 380 is set at a vertical depth of 800 metres, has a horizontal deviation of 1.9 kilometres, a total drilled (measured) depth of 2.7 kilometres, and involved total penetration (drilling operations, including two pilot wells) of 4.4 kilometres. This unique well was constructed in a total 25 days, and has an actual production …

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Conference and Exhibition News and UpdatesEurasia Journal News

Are you going to KIOGE?

If you are going to KIOGE on the 5-7 of October in Almaty please stop by the ROGTEC Pavillon 9B, Stand B51 Contact Paul Seed on +34 667714475

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Conference and Exhibition News and UpdatesEurasia Journal News

KDR 2016: Overcoming Challenges to Transform the Drilling Market in Kazakhstan

The 2nd KDR, Kazakh Drilling Roundtable, took place on the 16th September 2016, at the Rixos President Hotel in Astana. This unique forum addressed the strategic direction and key challenges faced in the Kazakh Drilling sector. Astana, Kazakhstan, 23rd September 2016. In partnership between TMG Worldwide and JSC NC KazMunayGas, the …

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Eurasia Journal News

Kazakhstan Caspian Transport System Needed After Kashagan Restart?

The rapidly approaching date of re-start of production at Kashagan on October 23 automatically reanimates the question of the need for construction of another major project, namely, the Kazakhstan Caspian Transport System (KCTS). KSTC, otherwise known as the TransCaspian System, had been created specifically with Kashagan oil in mind. The …

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Eurasia Journal News

Bashneft: Approves Innovative Development Programme

PJSOC Bashneft’s Board of Directors has approved the Company’s Innovative Development Programme until 2021 with an outlook until 2026. Previously, the Programme had been approved by the Interdepartmental Commission for Technological Development under the Office of the Presidential Council for Economic Modernization and Innovative Development. ‘Introduction of innovations is a …

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Eurasia Journal News

Petroneft Resources: Interim Results – License 61 Production up 40%

PetroNeft an oil & gas exploration and production company operating in the Tomsk Oblast, Russian Federation, and 50% owner and operator of Licences 61 and 67 is pleased to report its results for the 6 months ended 30 June 2016. Highlights – Current gross production from Licence 61 is about …

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