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 …
Magzum Mirzagaliev Left the Post of Chairman of the Board of KazMunayGas
Magzum Mirzagaliev left the post of Chairman of the Board of JSC NC KazMunayGas, Askhat Khasenov was appointed acting in this position until the extraordinary general meeting of shareholders, reports the press service of the Samruk-Kazyna Fund. Askhat Khasenov was born in 1983. He graduated from the Kazakh National Technical …
KazMunayGas Allocated More Than 60 Billion Tenge for the Rehabilitation Project for the Uzen and Karamandybas Fields
The Chairman of the Board of KazMunayGas (KMG) M. Mirzagaliev held a meeting on the project for the rehabilitation of the Uzen and Karamandybas fields. Project budget for 2023-2024 amounted to 68 billion tenge (about 154 million US dollars). This was reported by the KMG press service. Participating in the meeting …
KazMunayGas Will Drill 3 Exploration Wells in 2024
The Chairman of the Board of KazMunayGas (KMG) M. Mirzagaliev took part in an international scientific and practical conference dedicated to the oil and gas future of the Mangystau region, where he spoke about the prospects for the development of geological exploration and the company’s plans in this area. This …
Astana and Tatneft May Begin Oil Production Near Tengiz in 2028
KazMunayGas and Tatneft have approved a plan for geological exploration at the Karaton Podsolevoye field next to the Tengiz field, and plan to begin production there by 2028 KazMunayGas plans to begin oil and gas production at the Karaton Podsolevoy site in Kazakhstan, jointly with Tatneft, in 2028. A plan …
The Cost of LUKOIL’s Purchase of 50% in Kalamkas-Khazar Operating LLP Amounted to $200 Million
PJSC LUKOIL, which last year acquired 50% of Kalamkas-Khazar Operating LLP (KCO), paid $200 million for this share, according to the annual report of KazMunayGas (KMG). “On February 9, 2023, the company and PJSC LUKOIL signed a purchase and sale agreement for a 50% share in the authorized capital of …
Tengiz Expansion Project is Planned to be Completed at the End of 2024 – Head of the Ministry of Energy of Kazakhstan
Work on the implementation of the Future Expansion and Wellhead Pressure Management Project (FGP-WPMP) at the Tengiz field is progressing behind schedule and is scheduled for completion at the end of 2024, said Kazakhstan’s Energy Minister Almassadam Satkaliyev. “The reasons why there was a delay in the implementation of the …
Costs For Tengiz Increased By Another $1.5 Billion
The operator of the project for the development of the Kazakh Tengiz field, American Chevron, has again increased the amount of necessary investments in the expansion of the project. The cost of expanding production at the giant Tengiz oil field in Kazakhstan has increased by another $1.5 billion, Bloomberg writes, …
KazMunayGas and SOCAR Will Consider Projects Related to Geological Exploration in Kazakhstan
KazMunayGas JSC invited SOCAR, the state oil company of Azerbaijan, to consider projects related to geological exploration in Kazakhstan. Chairman of the Board of KazMunayGas JSC Magzum Mirzagaliev spoke about this during his visit to Baku, Kazinform agency reports with reference to Trend. — KazMunayGas wants the relationship with SOCAR …
KazMunayGas Plans To Drill Three Exploration Wells This Year
“KazMunayGas plans to drill more than three exploration wells this year,” said Magzum Mirzagaliyev, Chairman of the Company’s Board, in an interview with the press service. Equipment is already being mobilized at a well in the Kyzylorda region at the Turgai Paleozoi site; it is planned to go to great …