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 …
Kassym-Jomart Tokayev Instructed to Attract Large Investors to Geological Exploration in Kazakhstan
The President of the Republic also drew special attention to the need for uninterrupted operation of the refinery. President of Kazakhstan Kassym-Jomart Tokayev, during a meeting with the head of the Kazakh national company Kazmunaygas (KMG) Askhat Khasenov, gave instructions to attract large investors into geological exploration and the petrochemical …
In Kazakhstan Oil Production Returned to Normal after Floods
The country’s Energy Minister Almasadam Satkaliev noted that about 500 wells were flooded. Oil production in Kazakhstan has returned to normal after large-scale floods. Kazakhstan’s Energy Minister Almasadam Satkaliev told reporters about this. “There was a slight decrease in oil production, about 500 wells were flooded. This mainly affected the …
450 Oil Wells Remain in Water in Kazakhstan
Since the beginning of the flood, oil production in Kazakhstan has decreased to 20 thousand tons, while many wells are still flooded and are not working. About 450 oil production wells still remain in a flooded state, previously this figure was 673, the Ministry of Energy of Kazakhstan said. Since …
More than 600 Oil Production Wells Have Been Suspended in Kazakhstan
The work of 634 oil production wells was suspended in Kazakhstan due to a difficult flood situation, the total loss of oil production amounted to 16 thousand tons, the press service of the country’s Ministry of Energy reports. “As a result of the flood situation in the country, in a …
Kazakhstan Intends to Reduce Oil Production From January 2024
According to the statement of the Republic’s Ministry of Energy, the country’s obligations under OPEC+ in the first quarter of 2024 will amount to 1.468 million barrels per day. Kazakhstan intends to reduce oil production starting in January 2024 as a contribution to preventing uncertainty in the oil market. This …
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 …