Local content reduction recorded in Kazakhstan
Based on the results of monitoring of the reports produced by subsurface users as to the purchases made in the nine months of 2009, the volume of purchased imports exceeded the amount of purchased Kazakhstani products by 13.5 times. details >>
Local content: How to solve the dilemma
Mineral extraction companies have faced the dilemma of how to ensure the carrying out of petroleum operations within the set timeframes to make them be in line with the world’s standards, and to simultaneously meet the requirement of the state as to the attraction of local producers. details >>
PROJECTS
Kazakhstan’s energy development
KIOGE Kazakhstani International Oil and Gas Exhibition and Conference, annually held in October, is one of the most important events in the oil and gas industry of the republic. KIOGE considers the preliminary results of the year. This became the topic of the report by Lyazzat Kiinov, Vice Minister of Energy, where he shared about the condition of the national oil and gas industry. details >>
Strategic projects of KMG
The article tells about strategic investment projects, implemented by the company. Considering the projects that are already implemented and those in progress, one can get a general picture and understanding of the company’s approaches and plans as to the development of the oil & gas industry in Kazakhstan, on the whole. details >>
KMG EP to acquire 33% stake in PetroKazakhstan from KMG
KMG EP will acquire a 100% stake in KazMunaiGaz PKI Finance B.V. which in turn owns 33% of PetroKazakhstan Inc. The same time, Chinese investment fund China Investment Corp. (CIC) bought 11% of Global Depositary Receipts of KazMunayGas Exploration & Production for US$939 million. details >>
CNPC: Offensive at all fronts
The advance of Chinese companies on the Kazakhstan market, due to their skilful policy to make beneficial proposals, which are found good enough to decline them, is a relatively successful process. It is seen that none of the countries have succeeded so much in a few last years in implementing their ambitious plans in the oil and gas sector of Kazakhstan like China. details >>
Sinopec to carry out modernization of the AOR
The contract between Atyrau Oil Refinery and Sinopec Engineering for the construction of an aromatics production complex at the AOR on turn-key terms was signed on the 29th of October this year in Atyrau. Chinese Sinopec, as the successful bidder, will carry out the Atyrau oil refinery modernization Phase 2. The amount of the contract will exceed US$1 billion. details >>
France to finance Yeskene-Kuryk
"The French side will organizing 100% financing on the terms of borrowing. It is clear that they have their own interest: They will place orders for the greater part of work to their companies. details >>
Eni to start multi-billion projects in Kazakhstan
Potential investments in the given projects, where other companies-partners as well, in particular, Chevron, LUKOIL, BG Group, and Total, are likely to be involved for participation in them, can come to US$40 billion - US$50 billion. details >>
Central sulfur storage area is planned in Kazakhstan
The work lies ahead to develop the feasibility study of the project, and it is supposed that the design documents for the storage area construction will be accomplished by the year 2014. details >>
The metalworks in the seaport of Aktau
The issue is now under consideration as to changing the purpose, the expansion of the seaport of Aktau’s area in northern direction was intended for originally, for another one supposing the provision of it to potential investors. details >>
The Turkmens overestimated themselves
A scandal related to the natural gas exploration in Turkmenistan broke. Mass media got the information that the data on the reserves of the giant natural gas deposit Southern Iolotan’-Osman was knowingly overstated. details >>
DOWNDTREAM
Kazakhstan needs a single energy strategy
"In order to achieve balanced result there should be comprehensive program under the framework of entire oil and gas industry – its problems must be resolved under single governmental energy strategy. One of the main sectors there should be the oil and gas industry that is strictly interlinked with the development of other sectors of the economy. The point is that energy security today is the synonym of political stability, especially for our country." This sited on an interview with Bakhytzhan Issengaliyev, Vise President of PetroKazakhsatn. details >>
PPP: New turn of development
The prospects of the Pavlodar plant development seem advantageous, compared to the two other Kazakhstani oil refineries. details >>
To direct Western flow to the East
Today, one of the most discussed news in the domestic oil industry is the matter that gas export from the Caspian region, specifically, from Azerbaijan, may be directed not to the West but on contrary, change the vector by 180 degrees to the East – in the direction of China. details >>
Caspian Vector of Astana
Kazakhstan may play a leading role in shaping out of energy priorities in Central Asia and the Caspian, if manages to broaden its oil cooperation with neighboring states details >>
Petroleum sector and Kyoto Protocol
Today, there is no need to convince people that treating the nature solicitously is the necessity. The climate change, greenhouse gas emissions, and global warming are all a big threat to the human being. details >>
