Karachaganak: The affair is coming to a head
Probably, the tedious negotiations for all participants of the dispute over Karachaganak project will at last end in autumn this year and Kazakhstan can enter into this project and get a long-awaited share in size, which is not yet discussed. details >>
Kanatbek Safinov:
A customs duty on exports is the leveling of excess income of the companies
The beginning of fall was marked by news that was of little joy for the oil extracting companies, operating in Kazakhstan. Minister of Finance, Bolat Zhamishev, informed that starting from 2011 the government is going to increase the customs duty on crude oil exports to 40 dollars. A month and a half prior to that statement, the government of Kazakhstan under its resolution had introduced the customs duty on oil exports at 20 dollars per ton. details >>
PSA: On the threshold of revision
Kazakhstan initiates the reconsideration of earlier signed agreements in the oil sector. Our country is looking for legitimate solutions to reconsider unprofitable PSA. details >>
PROJECTS
The PSA stability and the balance of interests
A lot of talks have been in progress lately as to the possibility of revision of the tax treatment stability terms in view of complying with the balance of economic interests of the state and investors. We ask Minister of Oil and Gas Sauat Mynbayev to comment on the situation. details >>
Kairat Kelimbetov:
Any criticism against us is the food for reflection
In the last five years the national oil companies prefer to concentrate on the investment in important domestic projects rather than foreign ones. This opinion is endorsed by Kairat Kelimbetov, the head of the Samruk-Kazyna Fund, that he expressed in an interview with O&G. Also the Fund is going to organize an ambitious human resource revolution, where every top manager must prepare a worthy successor while the command transfer must be eliminated details >>
Kayirgeldy Kabyldin:
KMG learned the lessons from the crisis
"We learned the lessons from the crisis, and our major goal in the condition of post-crisis development is to unlock the best potential of the National Company KMG", KMG's CEO Kairgeldy Kabyldin said. In his interview to the O&G he shares about the corporate strategy of the company for upcoming years. details >>
KMG EP embarks on the North Sea project
This year KMG EP continued to successfully consolidate its assets by making a number of big deals. While developing its usual onshore projects, KMG EP is developing expertise prior to participating in its future Caspian Sea projects that necessitate specific offshore operational and technological experience. details >>
KazMunayTeniz:
A Guide of Kazakhstan’s Interests in the Sea
Not long ago Kazakhstan began carrying out oil operations in the sea independently. How successful the operations are? We ask Yermek Marabayev, General Director of the Company KazMunayTeniz to answer this question for O&G. The company engaged in the development of sea projects in the Caspian Sea Kazakhstani Sector. details >>
Kazakhoil Aktobe: A Socially Responsible Company
Since the beginning of the Kazakhoil Aktobe’s development of the Alibekmola and the Kozhasai oil-gas-condensate fields the oil and condensate output made up over 6 million tons of oil. Those were the achievements the collective of the joint enterprise gained by the time of its first jubilee – the tenth anniversary. details >>
Infrastructure projects for Kazakh Oil Transportation
How the infrastructure and the service projects are implemented and planned for implementation at the Caspian Sea? What would be the delay to the KCTS construction terms? How is it going to impact the promotion of projects on the development of ports at Aktau and Kuryk as well as construction of the Eskene-Kuryk oil pipeline? What measures KMG is attempting in order to load the Batumi terminal?
KMG's Managing Director on Oil Transport, Nurtas Shmanov, tells O&G about those projects development. details >>
10th Anniversary of KazTransGas
This year, JSC KazTransGas celebrated its 10th anniversary. Over this period of time, the company has grown up into a large business structure with a firm position in the international market. It runs all trunk gas pipelines in the republic with the total length of more than 12,000km with the aggregate capacity, exceeding 190 bcm. details >>
DOWNSTREAM
Deep processing and petrochemical productions
In the last year, the world community celebrated the 150th year anniversary of oil production, and Kazakhstan celebrated its 110th year anniversary of Kazakhstani oil. Today, successful performance indicators of the steadily developing oil and gas sector can back up these historical dates. details >>
COMPANIES
Always Stay in Communication
Today it is absolutely safe to say that a phone handset held by every one of us is a common attribute of the modern life. Businessmen and politicians, school children and sportsmen, housewives and officials - absolutely everybody handles major day-to-day issues practically on the run by using mobile phones which became just indispensable. details >>
A Leader of Industrial Construction
The projects with involvement of OGCC KazStroyService just cannot but impress. Taking their list alone one gets an idea that no big pipeline project in our country goes without this company. Having started with small oil pipeline projects few years ago, KazStroyService has now grown into a high-power and developed structure for which the most sophisticated projects in Kazakhstan’s oil and gas complex are well manageable. details >>
Customer-Oriented Company
Borusan Makina Kazakhstan operates on the Kazakhstan market for over ten years and being a part of Borusan holding, the key businesses of which are manufacture of pipes and sheet steel. It is company Borusan that supplied pipes for the Baku-Ceyhan pipeline construction project. details >>
Waste Injection or Cuttings Re-injection:
A Final Solution for Drilling Waste Management Challenges
Developing oil and gas fields in remote locations and environmentally sensitive areas requires special attention for choosing drilling waste management solutions that would ensure cost-effective and timely disposal of drilling waste, as well as minimize hazards of waste discharge into the environment during drilling operations. details >>
Kazakhstan Drilling Fluids Company
SUAY ENERGY SERVICES LLP is the first mud and completion fluids company in Kazakhstan established in 2003 under the name of SUAY LLP. Company General manager Berik Turgunbayevich Zhubaniyazov shares the history of company launch and development: details >>
West Dala: integrated wastes management services
West Dala LLP is the first private company in Kazakhstan, which provides integrated wastes management services of different classes of hazard, including hazardous wastes of oil industry and chemical industry. Established in 2005, the company currently provides services to more than 300 clients in West region of Kazakhstan. details >>
Mehstroyservice is confident in the future
In the near future Mehstroyservice completes a project which is significant for oil and gas industry of Kazakhstan: that is construction of MOPS Kumkol, which is an important link in the Kazakhstan-China oil pipeline. We had a conversation with Mr. Rinat Aushahmanovich Kasimov, Director General of JSC “Mehstroyservice” who told us what projects the company is running. details >>
KDC Repair&Tool Shop
When speaking of KDC Repair&Tool Shop, the first thing worth mentioning is that it is the ONLY company in Kazakhstan engaged in such highly demanded business as drill bits refurbishment details >>
Private Banking is like a personal financial doctor
It is very hard to satisfy a sophisticated VIP-client with standard bank services. And it is not hard to foresee which bank he will prefer: the bank that “mechanically” sells its financial services or the bank with personal approach to each client, where they advise how to establish business without delay in any country of the world, which hospital, real estate, financial instrument to select and even invite you to the Champions League Final in Milan. Personified servicing differentiates such a banking direction as Private Banking. details >>
HSBC has ambitious growth plans
Recently HSBC has stepped in acquisition of RBS Retail Business. This deal has significantly increased HSBC's distribution capabilities in Kazakhstan and thereby making it the leading international bank in the Retail Banking space here in Kazakhstan. Mr. R. Rajagopalan, Personal Financial Services Director, HSBC Kazakhstan tells about HSBC plans in terms of Kazakhstan market. details >>
LEGISLATION
Regulating Subsoil Use in Kazakhstan
The new Law “On Subsoil and Subsoil Use” demonstrates an attempt by the government to increase state control, to limit rights of the subsoil users, to narrow the concepts of contractual stability and guarantees, and to limit the possibilities of dispute resolution by international arbitration tribunals. details >>
