Kazakhstan to Launch Large-Scale Offshore Project
In 2026, construction of offshore platforms will begin for the joint venture of KazMunayGas and LUKOIL. In Kazakhstan, development of the Kalamkas-Sea and Khazar offshore oil and gas fields is beginning. The project is planned to attract more than $6 billion in direct investment. Up to 2,000 new jobs will …
The Cost of LUKOIL’s Purchase of 50% in Kalamkas-Khazar Operating LLP Amounted to $200 Million
PJSC LUKOIL, which last year acquired 50% of Kalamkas-Khazar Operating LLP (KCO), paid $200 million for this share, according to the annual report of KazMunayGas (KMG). “On February 9, 2023, the company and PJSC LUKOIL signed a purchase and sale agreement for a 50% share in the authorized capital of …
KazMunayGas and Lukoil Have Formed an Operator for a Joint Project
The national oil and gas company of Kazakhstan KazMunayGas (KMG) and the Lukoil company are completing the procedures for forming the operator Kalamkas-Khazar Operating LLP of the Caspian offshore production project Kalamkas-Sea, Khazar, Auezov, the KMG press service reported. According to the press service, the head of KMG Magzum Mirzagaliev …
KazMunayGas and Lukoil Complete Registration of Sale of 50% Stake in Kalamkas-Khazar Operating
KMG reported full mutual understanding and the absence of any controversial issues in the negotiating positions of the parties Oil and gas company of Kazakhstan “KazMunayGas” (KMG) and “Lukoil” complete registration of the sale of 50% stake in Kalamkas-Khazar Operating in favor of the Russian company. This was reported in …