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 …
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 …