Kanat Bozumbayev

NUR-SULTAN (Reuters) – Kazakhstan believes an increased cost estimate for the Tengiz oilfield expansion is too high and wants oil majors Chevron (CVX.N) and ExxonMobil (XOM.N) to review it, Energy Minister Kanat Bozumbayev said on Wednesday. Chevron, which leads the consortium developing one of the Central Asian nation’s biggest oilfields, …

Kazakhstan aims to settle its profit-sharing dispute with energy majors developing the Karachaganak gas condensate field within a month, the energy minister said on Thursday. The former Soviet republic expects a large one-off payment from the companies and a higher share of future revenues from the development of one of …

The volume of export of Kazakh oil since the beginning of the year amounted to 24.1 million tons. This was announced by Energy Minister Kanat Bozumbayev at a government meeting on May 15. Today the situation in the market of petroleum products is stable, there is no shortage of fuel …

A working meeting between Alexey Miller, Chairman of the Gazprom Management Committee, and Kanat Bozumbayev, Minister of Energy of the Republic of Kazakhstan, took place in St. Petersburg today. The parties discussed the ongoing and future cooperation in the gas sector. It was noted that Gazprom had provided reliable gas supplies to Kazakhstan in 2017, delivering a total of 4.7 billion cubic meters …

Kazakhstan hopes to settle a dispute with global energy companies developing the Karachaganak gas condensate field in the coming weeks, Energy Minister Kanat Bozumbayev told reporters on Monday, reported Reuters. “I hope that before the end of this year we and the (Karachaganak) shareholders… will invite you to a table …

Karachaganak Petroleum Operating Company (KPO) celebrates the 20th Anniversary of the signing of the Karachaganak Final Production Sharing Agreement (FPSA). Celebration festivities were staged today at the regional Kazakh drama theatre bringing together dignitaries, Karachaganak veterans, representatives of republican and local authorities, KPO Partner Companies, community leaders and media. Two …

A working meeting between Alexey Miller, Chairman of the Gazprom Management Committee, and Kanat Bozumbayev, Minister of Energy of the Republic of Kazakhstan, took place in Moscow today. The parties addressed the prospects of bilateral cooperation in the gas sector, including, inter alia, Russian and Kazakh gas supplies and issues related to gas transit, processing and marketing. The proven reserves …

A working meeting between Alexey Miller, Chairman of the Gazprom Management Committee, and Kanat Bozumbayev, Minister of Energy of the Republic of Kazakhstan, took place in Moscow today. The parties addressed the prospects of bilateral cooperation in the gas sector, including, inter alia, Russian and Kazakh gas supplies and issues related to gas transit, processing and marketing. Source

The estimated cost of a project to boost output at the Karachaganak gas condensate field in Kazakhstan has been halved from last year’s $9 billion, a senior Kazakh energy official said on Friday. The cost may be reduced even further, said Murat Zhurebekov, chief executive of PSA LLC, a unit …

Kazakhstan named Kanat Bozumbayev, a former head of the country’s power grid, as its new energy minister on Friday, as the second-largest oil producer in the former Soviet Union faces a drop in output following a slump in crude prices. Kanat Bozumbayev, 47, replaces Vladimir Shkolnik, who oversaw a rapid …