EIA: Kazakhstan Report
Kazakhstan, an oil producer since 1911, has the second-largest oil reserves as well as the second-largest oil production among the former Soviet republics after Russia. Kazakhstan is a major oil producer. The country’s estimated total petroleum and other liquids production was 1.70 million barrels per day (bbl/d) in 2014. The …
LukOil to sell stake in Caspian Investment
LukOil has agreed to sell its 50% stake in Caspian Investment Resources Ltd to China’s Sinopec for around $1.2bn, subject to adjustments at closing. Caspian Investment Resources, through a number of joint ventures, owns various stakes in four hydrocarbon-production projects in Kazakhstan. LukOil’s share in commercial hydrocarbon production as part …
Tengizchevroil Adopts Tenaris´ Dopeless® Technology for Projects in Kazakhstan
Tengizchevroil, a joint venture between Chevron, KazMunaiGas, ExxonMobil and LukArco, has chosen TenarisHydril ER™ connections with Dopeless® technology on 13 3/8” casing for its developments in the Tengiz field in Western Kazakhstan The company decided to migrate from API BTC connections to ER™ Dopeless®connections due to the operational benefits, especially the simplicity of …