Eurasia Journal News

KazMunayGas and Lukoil Complete Registration of Sale of 50% Stake in Kalamkas-Khazar Operating

KMG reported full mutual understanding and the absence of any controversial issues in the negotiating positions of the parties Oil and gas company of Kazakhstan “KazMunayGas” (KMG) and “Lukoil” complete registration of the sale of 50% stake in Kalamkas-Khazar Operating in favor of the Russian company. This was reported in …

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Eurasia Journal News

KazMunayGas Increased Oil and Condensate Production in the First Half of the Year

The National Oil and Gas Company of Kazakhstan Kazmunaigas (KMG) produced 11.86 million tons of oil and gas condensate in six months of 2023, which is 10.1% more than in the first half of 2022, the company’s press service reported. “The volume of oil and gas condensate production by KMG …

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Eurasia Journal News

Geological Risk on the Shelf of Kazakhstan Has Materialized

LUKOIL and KazMunayGas did not find oil in the Zhenis area. KazMunayGas did not find any hydrocarbons while drilling an exploration well within the framework of the Zhenis project on the shelf of Kazakhstan. However, the results of the work helped to clarify information about the structure of the subsoil …

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Eurasia Journal News

KazMunayGas Started Drilling at the Zhenis Offshore Block in the Caspian

KazMunayGas has started drilling at the Zhenis offshore block in the Caspian. “We started drilling, drilling is going on, we started it at the end of last year,” Magzum Mirzagaliyev, head of KazMunayGas, told Interfax-Kazakhstan. According to him, drilling began at the time that was planned. Earlier it was reported …

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Eurasia Journal News

The General Director – Chairman of the Management Board of KMG Engineering LLP Was Appointed

Starting from February 1 of this year, in accordance with the decision of the Sole Participant of KMG Engineering, represented by the Management Board of KazMunayGas NC JSC, Malik Salimgereyev, the First Former Deputy General Director for Production of KMGE, has become the Head of the Company. Malik Zhanabayevich has …

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Eurasia Journal News

KMG Engineering launched the Pilot Testing Center System Internet Portal

Applications for PT (pilot testing), new machinery, technology, materials and equipment are accepted on a one-stop-shop basis in a digital format at https://opicenter.kmge.kz/ It will consolidate materials on proposed technological solutions, accelerate the process of implementing innovative products at the exploration & production of KazMunayGas NC JSC, and store information …

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Eurasia Journal News

President of Kazakhstan Receives Head of LUKOIL

Kassym-Jomart Tokayev, President of the Republic of Kazakhstan, received Vagit Alekperov, head of LUKOIL Company, today in the city of Nur-Sultan. The parties discussed ongoing projects in Kazakhstan involving LUKOIL, as well as a number of promising projects that could boost cooperation between Russia and Kazakhstan in fuel and energy …

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Eurasia Journal News

President of LUKOIL Meets with Head of Kazmunaygas

Vagit Alekperov, President of PJSC LUKOIL, had a meeting today with Alik Aidarbayev, Chairman of the Management Board of JSC NC KazMunayGas, in Nur-Sultan. The meeting took place during Vagit Alekperov’s working visit to the Republic of Kazakhstan. The parties discussed current cooperation issues and business opportunities. Among other things, …

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Eurasia Journal News

KazMunayGas Group: On the Current Situation

Joint-stock National Company KazMunayGas (“KMG”) informs on the stable assets’ operation during the state of emergency in the Republic of Kazakhstan. Oil & gas producing, oil transporting, oil refining, gas processing, service and the other Group assets did not stop their production processes and maintain operations in a normal condition. …

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Eurasia Journal News

Head of Lukoil Visits Kazakhstan

The President of the Republic of Kazakhstan Kassym-Jomart Toka​yev met with President of LUKOIL Vagit Alekperov in the city of Nur-Sultan, today. The parties discussed LUKOIL’s progress in projects in Kazakhstan and plans for the future cooperation. During his business trip to Kazakhstan, Vagit Alekperov also had meetings with Prime …

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