The main news of the month is that Serik Burkitbayev, which formerly headed Samgau state national scientific-technology holding, is appointed as new President of KMG. Immediately after the appointment to KMG, Mr. Burkitbayev decided to replace the Heads of two subsidiary companies - KazTransGas and Asian Pipeline, involved in the gigantic gas pipeline project towards China. details >>
How the KMG head was selected
The alignment of forces in KMG management and the influence on the oil and gas industry have been radically altered and this reflects the global shifts in Kazakh authorities' policy. details >>
Caspian rebus
The beginning of May was marked by the news that announced another production launch delay at Kashagan. Only three and a half months ago, the government of the republic and investors approved the date of "first oil" (2010-2011) after long negotiations. And now, according to Sauat Mynbayev, Energy Minister, this term was postponed for another two years - 2012-2013. details >>
KMG EP targets at MMG assets
As a result of the latest acquisitions by the company its reserves increased by more than 53 million tons, while the production level grew by 25%. However, KMG EP is not aiming to stop at the point achieved. General Director, Askar Balzhanov, is sharing with us the future company’s plans. details >>
Open a mouth, based on capabilities
We are publishing the interview, given by Uzakbay Karabalin shortly before his resignation from the position of KMG President. The opinion of this outstandingly experienced oiler and talented manager is always interesting because his experience allows him to see the nature of the problem while his talent contributes to non-trivial outlook for its solution. details >>
KMG is determined to gain a foothold in Europe
The most attractive outlook for KMG today is the development of oil refining facilities in Eastern Europe and the Black Sea region countries. KMG Vice President for Transportation and Processing, Daniyar Berlibayev, shares information on current projects and the future plans of the company. details >>
Bolat Zhamishev: The time to refuse reject benefits
With the adoption of a new Tax Code, it is supposed that a customs duty for crude oil exports will be introduced to be paid by all subsoil users, including those with the stable tax regime specified in their contracts. Bolat Zhamishev, Minister of Finance of the RK, is telling us about the details of the planned change in taxation. details >>
Exports duties for oil
On May 17, Kazakhstan announced the introduction of the customs tariff for oil exports in the amount of $109.9 per ton, given the world oil price at $715 per ton. At the same time, the exemption from customs tariff will target the oil, exported by the subsoil users, whose contracts assume stable tax environment. According to the governments estimate, the introduction of the customs tariff will allow to ensure stable load of Kazakhstani OPP as well as to increase the revenues to the republican budget for more than $1 billion by the end of the year. details >>
Kazakhstan has toughened the environmental requirements
The suspension of an extracting company’s operation is an efficient way of pushing it to comply with the environmental laws, since it stimulates a more rapid elimination of violations. Nevertheless, the punishment of violators is an important aspect, but not the main focus of the Environmental Protection Ministry’s activity. We interviewed Nurlan Iskakov, EPM head, about his agency’s activity. details >>
