Eni: Acquires 50% of the Isatay Block in Kazakhstan
The Ministry of Energy of the Republic of Kazakhstan, Eni and KazMunayGas (KMG) signed yesterday the agreement to transfer to Eni 50% of the subsoil use rights of the Isatay block, located in the Caspian Sea, for exploration and production of hydrocarbons. The block is estimated to have significant potential for …
Gazprom and KazMunayGas ink Roadmap to create gas processing JV
Valery Golubev, Deputy Chairman of the Gazprom Management Committee, and Oryn Muratuly Sultanov, Senior Vice President for Major Non-Operating Assets and Offshore Projects of KazMunayGas, today signed a Roadmap at the 7th St. Petersburg International Gas Forum. The document is aimed at setting up a joint Russian-Kazakhstani venture. According to the Roadmap, the parties will create a working group and …
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 …