Kazakhstan Expects a Decline in Mineral Reserves due to Geological Exploration Problems
Minister of Industry and Construction of the Republic Kanat Sharlapaev noted that state expenditures on geology are at a fairly low level Kazakhstan needs serious development of geological exploration in order to avoid a decrease in proven mineral reserves, which is predicted in 5-10 years. This was stated at a …
Ceremony Held for Launch of Russian Gas Supplies to Uzbekistan Across Kazakhstan
Today, the ceremony was held to mark the start of Russian natural gas supplies to the consumers of the Republic of Uzbekistan across the Republic of Kazakhstan. Taking part in the event were Vladimir Putin, President of the Russian Federation, Kassym-Jomart Tokayev, President of the Republic of Kazakhstan, Shavkat Mirziyoev, President of the Republic of Uzbekistan, Alexey Miller, Chairman of the Gazprom Management Committee, …
Tengiz Expansion Project Postponed by Six Months
The launch of the Future Expansion and Wellhead Pressure Management (FGP-WPMP) project at the Tengiz field has been postponed by six months, Kazakhstan’s Energy Minister Almasadam Satkaliev told reporters on Wednesday. “We are talking about a postponement of 6 months,” he said, speaking about the planned launch date for the …
The Oil Industry of Kazakhstan Reached the Planned Production Level for the First Time Since May
Oil and gas condensate production in the republic amounted to 256 thousand tons Daily oil production in Kazakhstan, after a decline due to accidents in the energy system, has stabilized for the first time since May and reached planned levels. This was reported by the Situational Analytical Center of the …
Olzhas Begimbetov Headed the Department of Geology and Exploration of the Oil Company “KazMunayGas”
Olzhas Begimbetov has been appointed to the position of Director of the Geology and Exploration Department of JSC OC KazMunayGas, reports MIA Kazinform with reference to the company’s press service. In previous years, Olzhas Begimbetov worked as director of the geological exploration department, director of the resource base development department, …
KazMunayGas and Lukoil Have Formed an Operator for a Joint Project
The national oil and gas company of Kazakhstan KazMunayGas (KMG) and the Lukoil company are completing the procedures for forming the operator Kalamkas-Khazar Operating LLP of the Caspian offshore production project Kalamkas-Sea, Khazar, Auezov, the KMG press service reported. According to the press service, the head of KMG Magzum Mirzagaliev …
Mechanisms to Stimulate Work at Depleted Fields Will be Introduced in the Republic of Kazakhstan
Deputy Duisenbai Turganov commented on the bill on improving the sphere of subsoil use, approved today in the first reading at the plenary meeting of the Mazhilis, a Kazinform correspondent reports. In turn, Vice Minister of Energy Askhat Khasenov said that the number of depleted fields in the country has …
Plans for Oil Production Volumes in Kazakhstan This Year May Not be Fulfilled
Vice Minister of Energy of the Republic of Kazakhstan Askhat Khasenov noted that this year oil production volumes in Kazakhstan may decrease slightly, a Kazinform correspondent reports. According to him, even if the target of 90 million tons is not fulfilled, about 89 million tons of oil can be produced …
Kazakhstan Must Develop Its Own Oil Services – Tokayev
Kazakhstan should create mechanisms for financial support for its oil service companies, said the country’s President Kassym-Jomart Tokayev. “It is necessary to take effective measures to provide bank financing to Kazakh enterprises under signed contracts with oil and gas corporations. Financial regulators need to finally make a decision on this …
The President Instructed to Promote Oil Service Companies of Kazakhstan Abroad
In Akorda, at a meeting with representatives of domestic business, President Kassym-Jomart Tokayev noted that the oil service industry should become an important engine of growth and diversification of the domestic economy, MIA Kazinform reports with reference to the Akorda press service. According to the Head of State, it is …