An Earthquake Occurred in the Western Part of the Republic of Kazakhstan Near the Tengiz Oil Field
An earthquake with a magnitude of 4.2 was recorded in the Atyrau Region in the western part of the Republic of Kazakhstan at 11:44 local time, according to the United States Geological Survey (USGS). According to the USGS, the epicenter of the earthquake was located 32 kilometers southwest of the …
Kazakhstan Intends to Increase Gas Production by 2.3%
The Minister of Energy of the Republic Almasadam Satkaliev said that the main increase in gas production is envisaged at the expense of large fields – Karachaganak, Tengiz and Kashagan. The Ministry of Energy of Kazakhstan plans that gas production in the republic in 2024 will increase by 2.3%, to …
60 Billion Cubic Meters of Gas are Planned to Be Produced in Kazakhstan in 2024
In accordance with the Law of the Republic of Kazakhstan “On Gas and Gas Supply,” the Ministry of Energy of the Republic of Kazakhstan together with JSC NC “QazaqGaz” has formed a forecast gas balance until 2030. This was reported by the Kazinform agency with reference to the press service …
Four Oil Wells Were Flooded in Western Kazakhstan
About 80% of the country’s oil reserves are located in the Atyrau region. Four oil wells were flooded by floods in the Atyrau region of Kazakhstan. This was reported by the Industrial Safety Committee of the Ministry of Emergency Situations of the Republic. “Currently, four wells are flooded in 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, …
Eni will drill near Kazakhstan’s Kashagan in the Caspian Sea
The Italians, together with KMG, will conduct exploration near Kashagan, the largest offshore field in Kazakhstan. Italian Eni will drill an exploration well in the Abay block in the Kazakh sector of the Caspian Sea. The company announced its intentions to conduct geological exploration work in the shallow waters of …
Tengizchevroil Announced Adjustments to Work Due to The Stoppage of CPC Oil Shipments
Daily production of oil and gas condensate as of November 26 amounted to 214.5 thousand tons. The Tengizchevroil (TCO) company “will adjust” production activities in connection with the stoppage of oil shipments from the sea terminal near Novorossiysk by the Caspian Pipeline Consortium (CPC) due to the storm. “Tengizchevroil (TCO) …
The Ministry of Energy of Kazakhstan Will Not Change The Forecast For Annual Production Due To The Current Recession
The reduction in production in Kazakhstan due to the suspension of oil loading by the Caspian Pipeline Consortium will not affect the production forecast for 2023, the Ministry of Energy of the republic expects. According to the Ministry of Energy, for three large companies with an average production of 172 …
Kazakhstan’s Largest Fields Will Continue To Reduce Oil Production Until December 3
Kazakhstan’s largest fields – Tengiz, Karachaganak and Kashagan – will continue to reduce oil production until December 3, according to data from the Ministry of Energy of Kazakhstan. According to data provided by Shyngys Ilyasov, Advisor to the Minister of Energy of Kazakhstan, oil production in Tengiz has decreased/will decrease: …
Kazakhstan to Divert Some Oil Flows from Europe to China
Kazakhstan plans to increase oil exports to China to 6-7 million tonnes a year from just 1 million tonnes at the expense of shipments to Europe, starting from the second half of 2020, Deputy Energy Minister Aset Magauov told Reuters. In order to do this, the Central Asian nation will …