KazMunayGas is asked to shift
The Samruk head assured that among selected companies there will be neither outcast, nor any company the preference will be given to. All structures comprising the holding company will be played by the same rules, the core essence of which is the common good of the country. details >>
Share in Kashagan: Make the hay while the sun shines
Characterizing the task of the Kazakhstan side on today’s negotiations over Kashagan the only idea that comes into mind is that main goal is not to make a mistake and not to loose courage. It is extremely important to adequately build the negotiations process: not to overplay the investor’s hand, but at the same time to get the best out of it. It is also important to size up what can be requested and not to be afraid to defend the positions under the pressure of investors. details >>
New rules of the game
Recent amendments to the law made rules more vigorous for the subsoil users. In a view of intensified conflict with Agip KCO over Kashagan issue the main target of the amendments was to show subsoil users that Kazakhstan was long ago established as economically powerful state and it wants to build predominantly regulated relations with the investors. details >>
The Caspian infrastructure
It is expected to establish another several infrastructure facilities. One of them will be located in the Bautino Port, another one in the Kuryk port (Alexander Bekovich-Cherkassky Bay), and third in the Sartas bay. details >>
COMPANIES
Combining the state interest with one of business
Today, the issue of hydrocarbon reserves, which once used to be less important, became a priority factor, which defines various economic and geopolitical aspects. Therefore, it is essential that the role of national companies, which operate in oil and gas sector, grows in importance. According to experts’ estimate, the dominance of transnational companies in energy sector of XX century has been altered by parity with national companies; sometimes, local companies proved themselves even more dominant. details >>
KazMunayGas E&P: Development Strategy. The year following the IPO.
A crucial point in the development of KazMunayGas Exploration & Production was the initial public offering (IPO) conducted in October, 2006. For today, the price per Global Depositary Receipt has increased by 57% to $23. Thus, the market capitalization of the company is $10.3 billion now. details >>
PROJECTS
Strategy of oil and gas industry development in Kazakhstan
Kazakhstan International Oil and Gas Exhibition (KIOGE) and conference, which is annually held in October, is an important event for the oil and gas sector of the country. The participation of leading companies in this exhibition is a strong basis for establishing and developing mutually beneficial cooperation; it is a good stimulus for further economic growth of the republic. During KIOGE the preliminary results of the last year are announced. This was the topic of the report by Energy Vice Minister, Lyazzat Kiinov, where he shared the current situation in the oil and gas industry of the country: details >>
Kazakhstan returns its fields
In the next few years the share of KazMunayGas in total oil production in Kazakhstan will become dominant and will reach at least 50%, MEMR declares. This will become possible due to development of offshore fields at Caspian. However, in the last years Kazakhstan also began increasing its oil production share thanks to onshore fields, which were sold in the beginning of 90s as a result of scarce financing. details >>
Caspian Pearl
The Government of Kazakhstan intends to start commercial development of the offshore locality Zhemchuzhina already in 2009. In the beginning of October, oil signs have been discovered based on results of drilling of the first exploration well at this locality. details >>
National oil and gas data bank
The idea to establish the National oil and gas data bank in the Republic of Kazakhstan appeared in 1997. At this time Ministry of Energy and Mineral Resources (MEMR) acquired server equipment and necessary technologies. details >>
We are heading to... the east
Today, young national companies from so-called “third” world countries are more and more establishing themselves in the global energy market side by side with widely recognized players of the oil business – American, British and Russian companies. The National company of Kazakhstan is also projecting ambitious plans to expand its influence abroad. KazMunayGas is looking more towards the Eastern direction than the West; specifically, the oil markets of Africa and South-East Asia. details >>
New technology: Oil from oil shale
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. details >>
Sulphur saga: TCO was issued a fine again
The ecologists, after thorough inspection of sulfur storages at Tengiz in August 2007, laid a claim against TCO and demanded to fine it 74.4 billion ($609 million). details >>
