Kashagan

NUR-SULTAN (Reuters) – Kazakhstan and a consortium of oil majors developing the giant Kashagan oil and gas field are considering building a $1 billion gas processing plant nearby, Kazakh Deputy Energy Minister Murat Zhurebekov told Reuters on Thursday. The Central Asian nation has given up the idea of building a …

Kazakhstan plans to increase oil exports to China to 6-7 million tonnes a year from just 1 million tonnes at the expense of shipments to Europe, starting from the second half of 2020, Deputy Energy Minister Aset Magauov told Reuters. In order to do this, the Central Asian nation will …

“Last year, the processing industry showed a high dynamics and growth of 4.1%. Attracted investments for 1.1 trillion tenge. More than 13 thousand jobs have been created,” said Askar Mamin, noting the need to pay attention to a number of issues. First. Mechanical engineering should be one of the drivers …

Vitol, the world’s top oil trader, plans to access liquefied petroleum gas (LPG) from the giant Kashagan field in Kazakhstan and may finance the construction of a processing and export facility, industry and company sources told Reuters. LPG is mainly a by-product of oil development at the field and at …

Latest Kazakh deal could be signed next week – source New funds will raise prepayment to $2.25 bln Prepayments help traders secure supplies, lift margins By Julia Payne, Olzhas Auyezov and Gleb Gorodyankin Major European trader Vitol is set to increase its cash-for-oil deal with Kazakhstan’s state energy firm by …

Kazakhstan intends to produce more than 104 million tons of oil per year by 2025. This was announced by Kazakh Energy Minister Kanat Bozumbayev at a government hour on the development of the oil and gas sector in Kazakhstan on May 21. The volume of investments in major projects that …

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 …

Located in the Kazakhstan sector of the Caspian Sea, the Kashagan field with approximately 9-13 billion barrels of recoverable oil, known as the world’s largest discovery in the past four decades, has achieved stable production since October 2016. The Kashagan project is operated by North Caspian Operating Company (NCOC), on …

Kazakhstan aims to increase crude and gas condensate production by nearly 25% to 2.155 million b/d by 2025, according to the country’s development strategy released Tuesday. Kashagan and Tengiz key to increase Revamp of refining facilities, changes to export tax Strategy based on $55/b for Brent The mid-term increase in …

Kashagan, Tengiz and Karachaganak account for 75% of all oil and gas service contracts in Kazakhstan By Kulpash Konyrova Industry leaders like US giants Chevron and ExxonMobil, Russia’s LUKoil and China’s CNPC carry out massive oil production operations in Kazakhstan, investing billions of dollars and employing up to 17,000 people …