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The Magnificent Seven

#6 (120), December 2019 The Magnificent Seven

Petroleum invites its readers to recall seven key, according to the journal, events of the oil and gas world in 2019.

President: position passed on, position received. The televised address of President Nursultan Nazarbayev announced for March 19 did not cause much excitement in the country.

Oil Chronicles

#6 (120), December 2019 Oil Chronicles

October 9, near the city of Nur-Sultan, a solemn ceremony of welding the so-called Golden weldof the Saryarka gas pipeline took place, which officially completed the construction of the infrastructure of the pipeline.

The National Energy Report 2019 is Presented

#6 (120), December 2019 The National Energy Report 2019 is Presented

In the framework of the XII KazEnergy Eurasian Forum held in Nur-Sultan at the end of September (see Energy for the Future, Petroleum No.5-2019) the presentation of the next, third National Energy Report 2019, which, unlike the two previous documents, focused mainly on the challenges and problems the energy sector of Kazakhstan is facing today.

Will IPO of NC KMG be a Success?

#6 (120), December 2019 Will IPO of NC KMG be a Success?

National Company KazMunayGas (NC KMG) is expected to launch an IPO in 2020. Will this IPO be a success? To answer this question, we first need to agree on how to define success. In doing so it is important to take time and consider a broader range of issues beyond the financial metrics of the shares placement. 

Oil Chronicles

#4 (118), September 2019 Oil Chronicles

January

The Ministry of Energy has developed a draft order to ban the import of gasoline to Kazakhstan from Russia for three months. This refers to the supply of petroleum products by rail. The draft document was published on the Ministry's website.

Kazakhstan's Role on the Global Oil Market

#4 (118), September 2019 Kazakhstan's Role on the Global Oil Market

The Republic of Kazakhstan plays a vital role in the world oil market. Having a significant hydrocarbon resource, Kazakhstan is one of the 20 largest oil-producing countries. 

Eni and Kazakhstan: Future-Oriented Partnership

#4 (118), September 2019 Eni and Kazakhstan: Future-Oriented Partnership

Interview to Petroleum by Luca Vignati, Eni Executive Vice President, Central Asia Region

KPO Reports 2019 Аirst Half-Year Performance Results

#4 (118), September 2019 KPO Reports 2019 Аirst Half-Year Performance Results

Karachaganak Petroleum Operating B.V. (KPO) has announced 2019 first half-year operational performance results.

Anniversary as a start for the dash

#4 (118), September 2019 Anniversary as a start for the dash
This year, KMG International Group, a foreign asset of the national company KazMunayGas, will pay dividends to its shareholder for the first time.

Head of the Association of Oil Service Companies,Rashid Zhaksylykov: «We are Looking Forward to the Development of the Kalamkas-Sea»

#5 (113), October 2018 Head of the Association of Oil Service Companies,Rashid Zhaksylykov: «We are Looking Forward to the Development of the Kalamkas-Sea»

Development of the offshore field Kalamkas-sea can begin soon in Kazakhstan. The project, cost of which is estimated at $7 bln, based on the complexity and level of investment is comparable to the giant Kashagan. And it is possible to speed up its implementation using the already accumulated experience on the shelf. Chairman of the Presidium of Association of Oil Service Companies of Kazakhstan, Rashid ZHAKSYLYKOV, talked about the prospects for the most long-awaited projects in the country’s oil and gas sector and the development of the domestic oilfield service companies in an interview with Interfax-Kazakhstan.

Kashagan: What Lies Ahead for Kazakhstan’s Main Oil Project

#4 (112), September 2018 Kashagan: What Lies Ahead for Kazakhstan’s Main Oil Project

The North Caspian Project is the first large project of offshore oil and gas field development in Kazakhstan. The giant Kashagan field is one of the largest oil fields discovered in the last four decades. Its recoverable reserves are approximately 9 to 13 billion barrels (1 to 2 billion tonnes) of oil.

Olivier Lazare, Shell Kazakhstan: 25 Years of Successful Operation in Country

#4 (112), September 2018 Olivier Lazare, Shell Kazakhstan: 25 Years of Successful Operation in Country

I assumed my role as Vice President and Country Chair for Shell in Kazakhstan in September last year. I would like to note that I am very familiar with the CIS region, as prior to this appointment I was overseeing Shell’s business in Russia for almost four years.

Playing in the Big Leagues

#4 (112), September 2018 Playing in the Big Leagues

The national operator of the Republic of Kazakhstan in the field of gas and gas supply - Joint-stock company KazTransGas - from year to year demonstrates effective corporate governance and the growth of shareholder value by ensuring the protection of investors and implementation of the interests of the sole shareholder – NC KazMunayGas JSC.

Magzum Mirzagaliyev, the Energy Ministry: By the End of Year Domestic Market Demand for Oil Products Will be Fully Satisfied

#4 (112), September 2018 Magzum Mirzagaliyev, the Energy Ministry: By the End of Year Domestic Market Demand for Oil Products Will be Fully Satisfied

The large-scale reconstruction of three domestic refineries has been completed. Deputy Minister of Energy Magzum Mirzagaliyev told about the role of modernization and prospects for expanding the production capacity of the plants in an interview with Рrimeminister.kz.

2017 Financial and Operational Results of KazMunayGas

#3 (111), June 2018 2017 Financial and Operational Results of KazMunayGas

JSC National Company KazMunayGas, Kazakhstan's vertically integrated oil and gas company, announced its IFRS financial results and operational highlights for the year ended 31 December 2017.

Chevron and Kazakhstan: 25 Years of Strategic Partnership

#3 (111), June 2018 Chevron and Kazakhstan: 25 Years of Strategic Partnership

Chevron meets the 25th anniversary of its activity in Kazakhstan with a new strategic project.  2018 is a significant year for Chevron, who celebrates 25 years since signing an agreement on the formation of Tengizchevroil (TCO) Joint Venture ....