Kazakhstan

From the 7th to the 10th of October the Offshore energy exhibition and conference (OEEC) took place in Amsterdam (Netherlands), in which a delegation of Kazakhstan oilfield service organizations and enterprises participated. OEEC is a significant event in Europe, it is an exhibition, in which participate representatives of all offshore …

Royal Dutch Shell Plc, Eni SpA and their partners in the Karachaganak oil and gas venture may be required to pay an additional $1 billion to settle a dispute with Kazakhstan over revenue sharing, said people familiar with the matter. The claim from the Central Asian nation’s government comes on top of last …

Oil output will grow by roughly ten million tonnes from 2020 The government of Kazakhstan plans to scale up oil production from 90 mln tonnes in 2020 to 100 mln tonnes in 2024, Minister of National Economy Ruslan Dalenov said on Tuesday at the Cabinet meeting. “Oil production will grow …

PJSC LUKOIL (“LUKOIL”), the Ministry of Energy of the Republic of Kazakhstan and JSC NC KazMunayGas (“KazMunayGas”) have concluded a contract for the exploration and development of hydrocarbons on the Zhenis block in the Kazakh Sector of the Caspian Sea. Zhenis Operating LLP (a fifty-fifty joint venture between LUKOIL and …

ALMATY (Reuters) – Kazakhstan’s President Nursultan Nazarbayev unexpectedly resigned on Tuesday after three decades in power, saying his oil-rich Central Asian nation now needed “a new generation of leaders”. Kazakhstan’s President Nursultan Nazarbayev writes during a televised address to inform of his resignation in Astana, Kazakhstan March 19, 2019. Kazakh …

Oil production in Kazakhstan will decrease in 2019, said Kazakh Minister of National Economy Ruslan Dalenov, Kazinform correspondent reports. “Oil production will decline by 1.4 million tons YOY or 1.5 percent: 90.4 million tons in 2018 and 89 million tons in 2019. This causes lower growth paces in the mining …

Kazakhstan will shut production at its giant Kashagan oil field next month, bringing its production into compliance for the six months of the promised cuts under the OPEC/non-OPEC supply accord, energy minister Kanat Bozumbayev said Sunday. The average production over the six months will meet the commitment, as Kazakhstan will reduce …

Kazakhstan has received $132 billion over the years of development of the Tengiz oil and gas field located in Atyrau region, Kazinform correspondent cites the press service of TCO. “Since 1993 through September 2018, TCO’s direct financial payments to the Republic of Kazakhstan exceeded $132 billion. This includes salaries for …

Oil production in Kazakhstan in January-September amounted to 57.629 million tons, which is 6.6% more than in the same period of 2017. This was reported in the statistics committee of the National Economy Ministry. In the reporting period, gas condensate was produced in the amount of 9.719 million tons (a …

“14 companies from Alberta province of Canada expressed readiness to open their offices in Kazakhstan and invest into the country’s oil and gas and energy industries,” Laurent Auger, Director, Trade and Investment at Alberta Government, told a conference. The Canadian delegation arrived in Almaty to take part in the KIOGE …