Gazprom: Alexey Miller and Kazakh Energy Minister Kanat Bozumbayev Discuss Bilateral Cooperation
A working meeting between Alexey Miller, Chairman of the Gazprom Management Committee, and Kanat Bozumbayev, Minister of Energy of the Republic of Kazakhstan, took place in Moscow today. The parties addressed the prospects of bilateral cooperation in the gas sector, including, inter alia, Russian and Kazakh gas supplies and issues related to gas transit, processing and marketing. The proven reserves …
Eni: To Form Joint Operating Copany with JSC NC KMG for the Isatay Block
JSC KazMunayGas (KMG) Chief Executive Officer, Sauat Mynbayev and Eni’s CEO, Claudio Descalzi signed an agreement today at the Foreign Investors’ Council in Astana. The agreement renews the conditions for the transfer to Eni of 50% of the subsoil use rights in the Isatay block, located in the Caspian Sea, …
KMG: Selling 50% of Kashagan to Samruk-Kazyna To Raise $4.7bn and Reduce Debts
Kazakh state oil company KazMunayGas (KMG) said on Wednesday it plans to sell 50 percent of its stake in the Kashagan oilfield to the sovereign wealth fund Samruk-Kazyna and use the proceeds to reduce its debt. KMG holds 16.81 percent in an international consortium which develops Kashagan in the Caspian …
ENI: Completes Kazakhstan's Isatay Block Deal
The Chairman of KazMunayGas’ (KMG) Management Board, Sauat Mynbayev, and Eni’s CEO, Claudio Descalzi, finalized today, in the presence of the President of the Republic of Kazakhstan, Nursultan Nazarbayev, and the Italian Prime Minister, Matteo Renzi, an agreement that defines the commercial terms of the transfer to Eni of 50% …
ENI: Completes Kazakhstan’s Isatay Block Deal
The Chairman of KazMunayGas’ (KMG) Management Board, Sauat Mynbayev, and Eni’s CEO, Claudio Descalzi, finalized today, in the presence of the President of the Republic of Kazakhstan, Nursultan Nazarbayev, and the Italian Prime Minister, Matteo Renzi, an agreement that defines the commercial terms of the transfer to Eni of 50% …
ONGC Videsh to Invest $400m on Satpayev
ONGC Videsh Limited (OVL), the external arm of state-run explorer Oil and Natural Gas Corporation, will invest up to $400 million for exploration activities in Kazakhstan, an official said on Wednesday. OVL will invest the amount for exploration activties in its Satpayev block in the central Asian nation, its managing …
Lukoil President Meets With Kazakhstan Leaders
LUKOIL President Vagit Alekperov visited Astana to attend the 28th Plenary Session of the Foreign Investors’ Council under the President of Kazakhstan. As part of his visit, Mr. Alekperov met with Kazakhstan Prime Minister Karim Masimov, executives from Kazakshtan’s Ministry of Energy and KazMunayGas, the national oil company of Kazakhstan. …
Tenaris Awarded Karachaganak Contract and to Open Premium Threading Facility
Tenaris has entered into a long-term agreement with KPO (Karachaganak Petroleum Operating B.V.) for the supply of OCTG, TenarisHydril premium connections and field services for the oil and gas company’s developments in the Karachaganak field, which occupies more than 280 square kilometers of northwest Kazakhstan and has reserves of more than 2.4 billion …
ENI and KMG Sign Isatay Agreement
The agreement will result in KMG and Eni each holding 50% of exploration and production rights in Isatay, an offshore exploration area located in the north Caspian Sea In the presence of the President of the Republic of Kazakhstan, Nursultan Nazarbayev, and the Italian Prime Minister, Matteo Renzi, KazMunayGas’ (KMG) Chairman …
Rosneft Agrees Principal Terms to Ship Crude Oil via Kazakhstan
Rosneft President and Chairman of the Management Board Igor Sechin took part in the 10th Forum for Interregional Cooperation between the Russian Federation and Kazakhstan, which was held on November 11, 2013 in Yekaterinburg involving Presidents of the Russian Federation and Kazakhstan Vladimir Putin and Nursultan Nazarbayev. As part of …