TCO: Compromise At the Cost of $810 Million
It was not by accident that the government has chosen the public way of negotiations. It is most likely a sign of demonstrating a new approach that the government has taken towards investors in standing up for own rights. details >>
Atyrau-Samara Could be Reversed
One can assume that Kazakhstani side is offering Russian side to connect to
the Kazakhstani flows in the west of our country and jointly go south
instead of resuming transit through Kazakhstan by Omsk-Chardjou route. details >>
Reconstruction of Atyrau Refinery Will Commence in Early Spring
The main purpose of reconstruction is to ensure the possibility of processing light products.The Martyshinskoye and Mangyshlakskoye fields
are at the late stage of development while the production in Western Kazakhstan is expected to increase sharply for account of light oils.
This is not only oil from Tengiz field but Kashagan, Karachaganak and Aktyubinsk group of fields. details >>
Tsentralnoye Field Is Put Into The Background
According to Russian experts given the current artificially low gas prices in Russia and a complete uncertainty with a gas reform there is no point in
stirring up this project details >>
Oil Sector : Priorities for 2003
A Program for gas industry development in Kazakhstan for 2003-2010 will be
submitted for consideration of the government in 2003. details >>
COMPANIES
New President of KazMunaiGas Appointed
Uzakbai Karabalin was appointed the new president of the national oil and gas company KazMunaiGas by government decree. At the same time, Lyazzat Kiinov, who held the post of KazMunaiGas president since 2002, was appointed Deputy Minister of Energy and Mineral Resources. details >>
KCS: 10 Years at Sea
KazakhstanCaspiShelf Joint Stock Company's president Alisher Kuanyshev, answers O&G's questions. details >>
KazRosGas Contends for Serious Projects
KazRosGas plans to participate in the gas production projects on the fields of Kazakhstan and the development and modernization of Central Asia-Center gas transport system, the Kazakh-Russian JV General Director Anuarbek Argingazin reported at the meeting with journalists. details >>
Kurmangazy Operations Are in Full Swing
Preparation of PSA agreement and project is forced on the initiative of KazMunaiGas that is the project operator. However, it is also
important for KazMunaiGas to develop a joint activity agreement as the company intends to sell the half of its 50% share to a foreign partner. details >>
Repair of Tanks and Vessels Operating under Pressure
During the recent years three International Practical Conferences held in October 2000 in Kiev, in October 2001 in Almaty and in May 2002 in Saratov addressed the issues of design, construction and repair of tanks for oil and petroleum products.The experts from Imstalkon OJSC also participated in all three conferences. details >>
INVESTMENT CLIMATE
Development of Oil and Gas Industry
The Kazakh Energy and Mineral Resources Minister Vladimir Shkolnik believes that the large scale of Kazakhstani oil and gas projects will require substantial investments amounting to tens of billion dollars and the Government of Kazakhstan makes every effort to ensure favorable conditions for investments into the country's economy. You can read about the current development of oil and gas industry and its nearest prospects in this article, a shortened version of the speech recently made by Vladimir Shkolnik at the meeting with investors. details >>
Domestic Market: How to Regulate it?
There are many precedents in the world practice when the state interferes in the market processes, even in the developed countries. The share and quality of interference remains a determinant factor here in order not to break the distinction between the market and planned economy. details >>
Investments Law Equalized All
Some observers believe that this equality means curtailing foreign investors' rights to the level of Kazakhstani investors, rather than expansion of the rights of Kazakhstani investors. details >>
TRANSPORTATION
Tranzit via Russia: You Can’t Satisfy Everybody
Heads of Russian oil companies believe they are groundlessly deprived of a possibility to make use of a favorable situation on the world markets. They consider a growing Kazakhstani transit causing losses to Russia's budget to be one of the main obstacles. details >>
Turkmenia: Oil Plans for 2003
While building up production Turkmenis-tan will first need to provide for an opportunity of oil and gas transportation. Russia's gas pipeline system may become a restraint to the growth of gas production that similar to Turkmenian system requires extensive repairs. details >>
Iran: Import Exceeds Export
Iran's imports of gas exceed its exports although 18% of world reserves are concentrated on its territory. Over the last few years Iran missed lots of opportunities to sign gas export contracts, Iran's Oil Minister Bizhan Zangane stated. details >>
New Export Project of Gasprom
Gasprom's senior management has presented its second-important export project after Blue Stream, the North-European Gas Main project. Gasprom Board Chairman Alexei Miller stated the company intends to invest $5.7 billion in this project. details >>
