US Lifts Sanctions Restrictions on Kazakhstan’s Oil and Gas Projects
The US Treasury Department has issued an indefinite license to provide oil services to the Caspian Pipeline Consortium (CPC) and Tengizchevroil, lifting previously imposed restrictions under sanctions against Russia. According to the published document, all transactions related to these projects are now permitted. Previously, there was a temporary permit that …
In Kazakhstan Oil Production Was Restored after Spring Floods
Oil production in Kazakhstan after the large-scale floods that occurred in the spring is carried out according to the schedule, the plan is met by almost 100%. This was announced by Deputy Prime Minister – Minister of National Economy of the country N. Baibazarov. Theses of N. Baibazarova: For oil …
The Ministry of Energy of Kazakhstan Will Not Change The Forecast For Annual Production Due To The Current Recession
The reduction in production in Kazakhstan due to the suspension of oil loading by the Caspian Pipeline Consortium will not affect the production forecast for 2023, the Ministry of Energy of the republic expects. According to the Ministry of Energy, for three large companies with an average production of 172 …
Kazakhstan Oil & Gas. 2014 Results and 2015 Industry Development Outlook
Introduction Among the FSU (former Soviet Union) countries, Kazakhstan has the second largest liquid hydrocarbon fields after Russia. According to the Republic of Kazakhstan State Commission for Mineral Reserves, the recoverable oil reserves in the country are estimated at 4.1 billion tonnes (30 billion barrels) including onshore fields (more than …
Lukoil President Meets With Kazakhstan Leaders
LUKOIL President Vagit Alekperov visited Astana to attend the 28th Plenary Session of the Foreign Investors’ Council under the President of Kazakhstan. As part of his visit, Mr. Alekperov met with Kazakhstan Prime Minister Karim Masimov, executives from Kazakshtan’s Ministry of Energy and KazMunayGas, the national oil company of Kazakhstan. …
Lukoil Starts Construction Of Onshore Intake Facilities For Oil From North Caspian
LUKOIL has concluded the bidding process to select the contractor to construct onshore facilities for the intake, storage, metering and further transportation of commercial oil from the Northern Caspian fields developed by the company. The designed capacity of the facilities will be up to 8 million tons per year. ZAO …