KMG EP: Hit with 37bn Tenge of Back Taxes and Fines
JSC KazMunaiGas Exploration Production announces that the Kazakhstan tax authority has completed their desk audit of KMG EP which commenced in September 2014 for the period between 2009 and 2012. Following the audit, the tax authority has charged an additional 18.2 billion tenge, imposed a penalty of 9.7 billion tenge …
Max Petroleum: Receives Ministry of Energy Approval for AGR Energy Subscription
Max Petroleum Plc, an oil and gas exploration and production company focused on Kazakhstan, is pleased to announce that approval from the Ministry of Energy of the Republic of Kazakhstan for the Subscription has been obtained. The final remaining Kazakh Governmental Approval for the Subscription is the consent of the …
OPEC: Indonesia Officially Asks For Membership Reactivation
Indonesia has submitted an official request to the Organization of the Petroleum Exporting Countries to reactivate its full membership in the Organization. The request has been circulated to all OPEC Member Countries for their consideration and approval. Considering the feedback, the Indonesian Minister of Energy and Mineral Resources, His Excellency …
KDR: SMARTEX DF Takes Gold Sponsorship
TMG is proud to announce that SMARTEX DF has become a Gold Event Sponsor for the 1st KDR, Kazakh Drilling Roundtable, taking place in Astana on the 17th September 2015. With the second largest oil production among the former Soviet Republics after Russia, Kazakhstan is at the forefront of the …
KMG EP: Abat Nurseitov Resigns as CEO
JSC KazMunaiGas Exploration Production announces that the Abat Nurseitov, Company’s CEO, has tendered his resignation as the Company’s CEO (Chairman of the Management Board) and member of the Board of Directors due to his transfer to another job, which was accepted by the Board of Directors. The decision on the …
Gazprom, BASF, E.ON, ENGIE, OMV and Shell Sign Shareholders Agreement on Nord Stream II project
As part of the Eastern Economic Forum, Alexey Miller, Chairman of the Gazprom Management Committee, Kurt Bock, Chairman of the BASF Board of Executive Directors, Klaus Schaefer, Member of the Management Board of E.ON, Pierre Chareyre, Executive Vice President of ENGIE, Rainer Seele, Chairman of the Executive Board of OMV, …
Gazprom and YPF sign Framework Agreement of Cooperation in Hydrocarbon Exploration and Production Projects In Argentina
As part of the Eastern Economic Forum, Alexey Miller, Chairman of the Gazprom Management Committee and Miguel Galuccio, Chief Executive Officer of YPF signed today in Vladivostok a Framework Agreement of Cooperation in exploration and production projects. The document outlines the key principles of the cooperation between the companies within …
Nord Stream II: Is of Strategic Importance for Boosting Reliability Gas Supply to Europe
Vladivostok hosted today a working meeting between Alexey Miller, Chairman of the Gazprom Management Committee and Klaus Shaefer, Member of the Management Board of E.ON as part of the Eastern Economic Forum. The parties addressed the current issues and prospects for further cooperation in the energy sector. Special attention was …
Gazprom: Signs Asset Swap Agreement With Wintershal Holding for the Urengoy Oil, Gas and Condensate Field
As part of the Eastern Economic Forum, Alexey Miller, Chairman of the Gazprom Management Committee and Kurt Bock, Chairman of the BASF Board of Executive Directors signed today in Vladivostok an Agreement on closing the asset swap deal between Gazprom and Wintershall Holding. As a result of the deal, Gazprom …
Gazprom: Signs Asset Swap Agreement With OMV for the Urengoy Oil, Gas and Condensate Field
As part of the Eastern Economic Forum, Alexey Miller, Chairman of the Gazprom Management Committee and Rainer Seele, Chairman of the OMV Executive Board signed today in Vladivostok an Agreement on terms and conditions of a possible asset swap. Subject to the swap deal, OMV will acquire a 24.98 per …