AKSAI, West Kazakhstan Oblast, 14 October, 2019 - Karachaganak Petroleum Operating B.V. (KPO) announced successful completion of 2019 Turnaround.
In 2017, Van Oord finished local dredging operations on a 72-kilometres long channel in the Caspian Sea.
The volatility of oil prices today depends not only on the geopolitical situation, but also on the emergence and introduction of new technologies and facilitation of processes. There is still no clear definition of what digitalization is: works (Artificial Intelligence), services (Clouds computing) or goods (IIOT). Nevertheless, this word successfully attracts funding: companies are ready to invest, waiting for the birth of a new solution that will bring even more profit. Few conferences, forums and business meetings do without the word “digitalization”. In order not to get confused in a difficult choice and not to become hostages of venture financing, it is necessary to clearly understand what trends are emerging today in the field of digitalization of the oil and gas industry in Kazakhstan.
The Memorandum of Understanding signed on May 17 between the national company KazMunayGas and British Petroleum (BP) demonstrates not only the interest of one of the leaders of the world oil production in cooperation with KMG in the field of exploration, development, and production but also marks a new stage in the development of the oil and gas industry of the country and its national company.
October 1, a three-year dispute between the government of Kazakhstan and shareholders of the international consortium Karachaganak Petroleum Operating B.V. (KPO) on the division of profit from the activities of the consortium has ended. On this day, the government represented by the Ministry of Energy of Kazakhstan, the Ministry of Finance of Kazakhstan and the competent authority – PSA LLP – and the shareholders of the Karachaganak project represented by Eni, Shell, Chevron, LUKOIL and KazMunayGas signed the "Principles Agreement" that set forth the major terms for the settlement of the dispute over the so-called "fairness index".
In July of this year, the Government intends to proceed with the construction of the new pipeline: from Kyzylorda to Astana, and then in the northern regions of the country. It is expected that it will develop gas infrastructure in the capital, Central and Northern Kazakhstan. The new project creates good opportunities for contractors and subcontractors, suppliers of pipes, equipment, as well as engineering and construction services.
Closing of a deal is expected in the near future between the National Company KazMunayGas and the Chinese CEFC on acquisition by the last mentioned of 51% stake in the KMGI Group, which owns and carries out refining, trading and sales of petroleum products through the own network of petrol stations Rompetrol in Romania, Bulgaria, Moldova, Georgia, as well as through its partners in the Black Sea region.
A press conference devoted to the 20th anniversary of the oil and gas cooperation between the People's Republic of China and the Republic of Kazakhstan was held on September 7 in Astana within the framework of the 11th KAZENERGY Eurasian Forum in the Palace of Peace and Reconciliation.
Fromclimatechangetopopulation growthandnewcustomer expectations,energyis closely linked tothe keyissuesfacingourworld today.
The deal between NC KazMunayGas JSC and China Energy Company Limited received the approval of Romanian authorities
Kazakhstan Maritime Academy was established in 2012 under the auspices of the Kazakh-British Technical University (KBTU). Sponsor of this project is Tengizchevroil (TCO), who contributed $25 million.
Chevron’s Atyrau Polyethylene Pipe Plant is a pioneer of the polyethylene pipe production in Kazakhstan. Since 2003, the company has produced thousands of tons of pipes for various facilities in oil industry and public utility service, thus contributing to the wide spread of polyethylene pipes in the country.
Historical results of 2016
The last year 2016 was marked by some historical results for the group “KMG International”, which through “Rompetrol Rafinare” manages “Petromidiа”, the largest in Romania and the most modernized refinery in the Black Sea area, and “Vega”, the only producer of bitumen and hexane in the region, and the petrochemical complex, the only producer of polymers in the country.
June 2017 marks 20 years of cooperation between the largest Chinese Petroleum Corporation CNPC, a member of the top five energy companies in the world, and Kazakhstan.
History of mutually beneficial partnership began in the summer of 1997 when on June 4 at the Presidential Palace in Almaty in the presence of the President of Kazakhstan Nursultan Nazarbayev and the Vice-Premier of the State Council of the People's Republic of China Li Lanqing the Agreement on sale of shares of Aktobemunaigas JSC was signed. The ceremony was preceded by an investment tender, which CNPC in overt struggle defeated their rivals from America, Canada and Japan.
Participants of the North Caspian Consortium cannot make a decision on implementation of a full-scale development of the offshore Kashagan field in terms of volatility of world oil prices.
Tengizchevroil LLP’s Future Growth Project-Wellhead Pressure Management Project is a Milestone Project for the Republic of Kazakhstan#2 (104), April 2017 special issue
Tengizchevroil’s Future Growth Project-Wellhead Pressure Management Project (FGP-WPMP) is the next major expansion of the Tengiz field. It is a landmark project that will help to increase Tengiz production by 12 million tonnes of oil per year and will maintain full production rates at the existing Tengiz facilities. The Project will be built of modules fabricated in Kazakhstan, South Korea and Italy and transported to Tengiz for final assembly.