Alexey Miller and Kazakh Energy Minister Bolat Akchulakov Discuss Relevant Cooperation Issues
A working meeting between Alexey Miller, Chairman of the Gazprom Management Committee, and Bolat Akchulakov, Minister of Energy of the Republic of Kazakhstan, took place today. The parties discussed relevant issues pertaining to their cooperation and potential avenues for its development. Source
Alexey Miller and Kazakh First Deputy Prime Minister Roman Sklyar Discuss Cooperation Matters
A working meeting between Alexey Miller, Chairman of the Gazprom Management Committee, and Roman Sklyar, First Deputy Prime Minister of the Republic of Kazakhstan, took place today. The parties discussed issues related to cooperation in the gas industry. Source
Rystad Energy: Oil Prices Rise on Supply Tightness and Positive Demand Projections
After two days of declines, oil prices are rising today, buoyed by positive demand signals for 2022 and an expectation of global supply tightness. The global demand outlook for 2022 is solid, as many countries keep their borders open and avoid implementing the strict lockdowns imposed during previous Covid-19 waves …
Kazakhstan: Conveys Full Commitment to Compensate for Overproduced Volumes
Kazakhstan continues to demonstrate its full support for the decisions taken at OPEC and non-OPEC Ministerial Meetings (ONOMM), most recently the 13th ONOMM on 4/5 January 2021. Over past months, Kazakhstan has taken steps to not only realize full conformity to its production adjustment, but also to compensate for overproduced volumes. Its …
TATNEFT Strengthens Cooperation with Kazakhstan
The Company and the Government of the Republic of Kazakhstan signed an Agreement on the principles of participation in the development of the mechanical engineering industry of the Republic of Kazakhstan. The document was signed by Roman Sklyar, Deputy Prime Minister of the Republic of Kazakhstan, and Nail Maganov, General …
Kazakhstan’s Oil Production Is Surging Despite Pledges to Cut
Kazakhstan’s oil production is setting new daily records after maintenance works were completed at the country’s three big oil fields. Barring unforeseen issues, the Central Asian nation’s output looks set to stay well above its OPEC+ quota under an output deal that runs to the end of March. Daily production …
Netherlands Oilfield Service Companies are Interested in Establishing of Joint Ventures in 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 …
Kazakhstan Seeks Additional $1 Billion From Shell, Eni Unit
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 …
Kazakhstan Plans to Boost Oil Production to 100 mln tonnes in 2024
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 …
Lukoil concludes contract for hydrocarbon exploration and development on Zhenis Block in Kazakhstan
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 …