Tengizchevroil Announced Adjustments to Work Due to The Stoppage of CPC Oil Shipments
Daily production of oil and gas condensate as of November 26 amounted to 214.5 thousand tons. The Tengizchevroil (TCO) company “will adjust” production activities in connection with the stoppage of oil shipments from the sea terminal near Novorossiysk by the Caspian Pipeline Consortium (CPC) due to the storm. “Tengizchevroil (TCO) …
Daily Oil Production Decreased By 15% in Kazakhstan
In Kazakhstan, daily production of oil and gas condensate has decreased, according to data from the situational analytical center of the fuel and energy complex under the Ministry of Energy of Kazakhstan. According to the center, on November 26, daily production of oil and gas condensate in Kazakhstan amounted to …
Kazakhstan Plans to Increase Oil Production to 100 Million Tons
The Kazakh authorities plan to increase oil production to 100 million tons in 2028, the Minister of National Economy of the Republic Alibek Kuantyrov said at a plenary meeting of the Senate (upper board of parliament) of Kazakhstan. “The basis for forming the forecast (the socio-economic development of the country …
KazMunayGas Bought a 60% Share in The Production Sharing Agreement at The Dunga Field
JSC NC KazMunayGas announced the completion of the acquisition from TotalEnergies EP Danmark A/S (a subsidiary of TotalEnergies) of 100% of shares in the authorized capital of Total E&P Dunga GmbH and ownership rights in the Dunga subsoil use project, respectively, in accordance with terms of the purchase and sale …
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’s Largest Fields Will Continue To Reduce Oil Production Until December 3
Kazakhstan’s largest fields – Tengiz, Karachaganak and Kashagan – will continue to reduce oil production until December 3, according to data from the Ministry of Energy of Kazakhstan. According to data provided by Shyngys Ilyasov, Advisor to the Minister of Energy of Kazakhstan, oil production in Tengiz has decreased/will decrease: …
Kazakhstan Plans to Produce up to 94 Million Tons of Oil in 2024 – Head of the Ministry of Energy
Kazakhstan expects to produce up to 94 million tons of oil next year, said the Minister of Energy of Kazakhstan Almasadam Satkaliev. “From 90 to 94 million tons, in this range,” Satkaliev told reporters on the sidelines of parliament, answering a question about oil production plans for 2024. Previously, he …
KMG, Sinopec and MOL will Begin Developing a Gas Field in Kazakhstan by 2024
The estimated production volume will be about 1 billion cubic meters. m per year, explained the head of Kazmunaigas Magzum Mirzagaliev The Kazakh oil and gas company Kazmunaigas (KMG), the Chinese Sinopec and the Hungarian MOL plan to begin developing the Rozhkovskoye gas field in western Kazakhstan by the end …
Nostrum Oil & Gas Reduced Average Daily Hydrocarbon Production by a Quarter in January-September
Average daily production of Nostrum Oil & Gas Plc in January-September 2023 amounted to 10.288 thousand barrels of oil equivalent (boe), the company said. For the same period in 2022, average daily production was 13,684 thousand boe. Thus, this year this figure decreased by 24.8%. The oil company’s average daily …
Kazakhstan is Aimed at a Peaceful Resolution of the Dispute with the Operator of Kashagan over Environmental Violations
Kazakhstan is determined to resolve the environmental dispute with the operator of Kashagan (NCOC) peacefully, said Kazakh Prime Minister Alikhan Smailov. “As for the environmental dispute. Due to the presence of a fairly large volume of sulfur in this field, we are ready for any scenario, but we need to …