Kazakhstan’s Kashagan Oil Field Increases Production
By Ali Mustafayev – Trend: Daily oil production at the Kashagan offshore field in Kazakhstan’s Atyrau region has increased, said Antonia Vella, chief operational director of ENI at the meeting with the head of Atyrau region Nurlan Nogayev, Kazakh media outlets reported. “We have recently conducted a meeting with the …
Kashagan Oil Exports Reach Milestone
Operator of the field in the Caspian Sea said it’s trying to increase production slowly in an effort to build confidence. By the end of January, the operator of the Kashagan oil field in the Kazakh waters of the Caspian Sea said it exported more than 70 million barrels of …
Kazakhstan Rejects Further Oil Output Cut Report
Kazakhstan has no plans to cut its crude oil production further, rejecting a report from Russia’s TASS agency that the Central Asian country was ready to cut deeper to offset an increase in the output from its huge offshore field, Kashagan, in the Caspian Sea. The TASS report quoted Saudi …
Kashagan: Rising Output Weighs on Kazakhstan’s CPC Oil Price
One of the world’s fastest growing crude streams, Kazakhstan’s CPC, is battling to find new buyers in a market saturated with light grades and with core European customers reluctant to buy more of the pungent oil blend even as its value has plunged reported Reuters. It is a familiar picture …
NCOC: To Double Kashagan Production
Oil production on Kazakhstan’s Kashagan field will grow twofold to 370,000 barrels per day, the oilfield operator North Caspian Operating Company (NCOC) told TASS. “We expect to reach oil production of 180,000 barrels per day already in coming month. Production is planned to grow to 370,000 barrels daily by the …
Kashagan: Exports First Million Tonnes of Crude and Condensate
North Caspian Operating Company N.V., Operator of the first offshore oil and gas project in the Kazakhstan sector of the Caspian Sea, announced that as of 8 January it has safely produced and exported one million tonnes of crude oil and condensate from the Kashagan field. Production commenced in September …
Kashagan: Delivers First Batch of Oil
Eni announces that the first batch of export crude oil has been shipped from the onshore processing plant of the giant Kashagan oil field. Following the successful pipelines replacement, the field has been recently re-opened. Production is expected to gradually increase up to a first level of 180,000 barrels per day, …
Kazakhstan Caspian Transport System Needed After Kashagan Restart?
The rapidly approaching date of re-start of production at Kashagan on October 23 automatically reanimates the question of the need for construction of another major project, namely, the Kazakhstan Caspian Transport System (KCTS). KSTC, otherwise known as the TransCaspian System, had been created specifically with Kashagan oil in mind. The …
KMG: Selling 50% of Kashagan to Samruk-Kazyna To Raise $4.7bn and Reduce Debts
Kazakh state oil company KazMunayGas (KMG) said on Wednesday it plans to sell 50 percent of its stake in the Kashagan oilfield to the sovereign wealth fund Samruk-Kazyna and use the proceeds to reduce its debt. KMG holds 16.81 percent in an international consortium which develops Kashagan in the Caspian …
Beyond Oil and Gas: Kazakhstan Bets its Future on Reform
Recent events in Ukraine and Russia’s anti-Western rhetoric and military posture force European energy consumers to look for alternatives for Russian hydrocarbons. One of the possible suppliers of both oil and gas could be Kazakhstan, which boasts the largest hydrocarbon resources in the oil-rich Caspian basin. Kazakhstan is among the …