KAZTRANSGAS RECEIVED KYRGYZ PIPELINE SECTION
KazTransGas can be named a relatively young company, it was established only 5 ago for the purpose to acquire and operate trunk gas pipelines of the country. However, the dynamic development of the company allowed it not only to successfully manage the main gas pipelines of the country but to start the development of Amangeldy gas field. In addition, the company ultimately succeeded to cut the Gordian knot, i.e. to take into management control Kyrgyz section of the main gas pipeline which during the recent years has been suffering from unauthorized gas withdrawal. details >>
TO RESTORE STATE CONTROL OVER THE REFINERY
Energy Ministry Vladimir Shkolnik head believes that "now, when the state has money it should recover the more advantageous projects not only to the state ownership but also to the ownership of Kazakhstani residents ". Mr. Shkolnik also emphasized that "it should be recovered in a legal way". "We are doing such work", the minister assured. details >>
ENI HIT BY $5BN EXTRA BILL
Kashagan is one of the largest projects you have got on the planet. It's incredibly complicated. But the rewards are fantastic. As a long-term investment this is one of the most attractive assets there is - even with cost overruns. details >>
LUKOIL Acquired Nelson Resources
It looks as if the Russian company was not vainly demonstrating loyalty to Kazakhstani authorities in the conflict with PetroKazakhstan, forcing the Canadians to sell its assets in the south of Kazakhstan. Return appreciation did not keep one waiting. LUKOIL has now got an opportunity to considerably expand its reserves in Kazakhstan by acquiring Nelson Resources, that formally had the Canadian origin, but at the root it was of truly Kazakh nationality. details >>
KAZMUNAITENIZ STARTS TWO PROJECTS
National Marine Company KazMunaiTeniz, a subsidiary of KazMunaiGas, will manage projects at production phases of Abai and Isatai structures development. details >>
GASPROM WILL GET CAÑ FOR 5 YEARS
All gas resources of the three Asian republics turned out to be under Gasprom's control. The agreement with Kazakhstan for gas transportation became continuation of Russian monopolist expansion. details >>
Are Pollution Permits Profitable?
Concern for the environment has grown throughout the world since the 1960’s when man first realized he may, in fact, be poisoning himself and the environment around him. Unfortunately it can be rather easy to ignore such concerns in the pursuit of necessary industrial development. This column aims to support industries like oil and gas by providing insight on how to recognize, confront, and deal with environmental challenges in a manner that is most supportive to all life forms. Dr. George Zelt, Professor of Environmental Sciences Kazakh British Technical University, General Director of CaspiEcology Environmental Services. details >>
Legal Aspects of Project Financing
The project financing in the oil and gas sector of Kazakhstan is associated with certain difficulties due to the novelty of such type of financing and the lack of special regulation. However, the existing Kazakhstan legal system, despite its instability and developing nature, allows, in our view, to elaborate the acceptable legal conditions of the project financing. details >>
