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New Developments in the Tax Code will Contribute to the Development of the Oil Industry

#6 (108), December 2017 New Developments in the Tax Code will Contribute to the Development of the Oil Industry

Latest forecasts of recognized international research institutions report about the inevitability of maintaining the leading role of oil and gas among consumed energy resources on the planet, at least until 2050.

2017 National Energy Report Is Published

#6 (108), December 2017 2017 National Energy Report Is Published

The development trends in the world energy show us that we live in an era of significant changes happening in the global energy. 

Oil Chronicles

#6 (108), December 2017 Oil Chronicles

September 1,Olivier Lazare took over as Country Chair of Shell Kazakhstan. The responsibilities of Mr. Lazare include the overall management of the company in Kazakhstan.

September 5,  in Aktobe ceremonial event was held dedicated to the 20th anniversary of cooperation of the Republic of Kazakhstan and the People's Republic of China in the oil and gas industry.

September 7-8, XI KAZENERGY EURASIAN FORUM
”Securing the future of energy” was held in Astana. Among the key speakers of the Forum were Prime Minister Bakytzhan Sagintayev, Energy Minister Kanat Bozumbayev, Minister of Energy of U.A.E.

September 19,the Government, in the course of the meeting, under the chairmanship of Prime Minister Bakytzhan Sagintayev, considered the main conceptual directions of the developed draft Code on Subsoil and Subsoil Use.

Oilfields in Kazakhstan Will Become Smart

#5 (107), October 2017 Oilfields in Kazakhstan Will Become Smart

The Minister of Energy Kanat Bozumbayev at a briefing in the Government press-center, held in late August, spoke about the work carried out by the Ministry on economy modernization ...

Kashagan Development at Later Stages is Under Conceptual Studies

#5 (107), October 2017 Kashagan Development at Later Stages is Under Conceptual Studies

Mr Bruno Jardin, Managing Director, NCOC (the Operator of the North Caspian Project), answers the questions of Petroleum Journal.

Kazakhstani service extends beyond the borders

#5 (107), October 2017 Kazakhstani service extends beyond the borders

The recovery of world oil prices, which started last year, has beneficial impact on the situation in the oil and gas service industry where the volume of orders prior to that actually decreased twice compared to 2013-2014.

Oil Chronicles

#5 (107), October 2017 Oil Chronicles

Starting January 1st, the wholesale price for liquefied gas has increased. By order of the Minister of Energy from December 12, 2016 No. 527...

Towards the Improvement of Efficiency and Transparency

#4 (106), August 2017 Towards the Improvement of Efficiency and Transparency

The NC KazMunayGas JSC Group of companies is a huge system, which was created over the last 15 years. Currently the  structure of KMG consists of companies operating in the fields such as oil and gas, oilfield services, offshore, shipping and airline companies, research institutes, academic institutions and other specialized units. A total of 199 companies and 90 thousand employees.

Investors and Akimat: an Insightful Dialogue

#2 (104), April 2017 special issueInvestors and Akimat: an Insightful Dialogue

Nurlan Nogayev, Akim of Atyrau region, answers the questions of Petroleum magazine.
Mr. Nogayev, in March there will be one year since your appointment to position of Akim of Atyrau region, how do you evaluate the results of this period? What has been done, which issues were not addressed due to lack of time or, maybe, the resources?
 

Oil and Gas Industry in 2016

#1 (103), February 2017 Oil and Gas Industry in 2016

The Ministry of Energy of the Republic of Kazakhstan has summed up the work results in the sphere of oil and gas production, refining and transportation.
In 2016 the volume of oil production in Kazakhstan amounted to 78 mln tons, exceeding the planned indicators by 2.5 mln tons. The downtrend of oil production is continued: 79.46 mln tons of oil produced in 2015, which, in turn, accounted to 98.3% of the previous year indicators. 

Oil Service Market in 2016

#1 (103), February 2017 Oil Service Market in 2016

The Association of oil service companies of Kazakhstan made the analysis of procurement of the oil companies, based on the year of 2016, with a view to identify the oil service segments with greatest growth/decline, as well as to identify the share of Kazakh companies in each segment.

Black Gold of Independence

#6 (102), December 2016 special issueBlack Gold of Independence

Petroleum Magazine and Ratel analytical internet website on the eve of the 25 anniversary of Independence produced a special series of publications under the general heading Black Gold of Independence. We offer our readers remember how and in what circumstances arose and found feet of the oil and gas industry of independent Kazakhstan. Full cycle can be read on the website www.ratel.kz

Prices Over the Long Term to be Driven by Market Supply and Demand

#5 (101), October 2016 Prices Over the Long Term to be Driven by Market Supply and Demand

Cheryl Gomez-Smith, Managing Director of ExxonMobil Kazakhstan Inc., responds to questions of Petroleum
– Exxon Mobil Corporation, which came to Kazakhstan in 1993, is one of the first investors in our country. How would you describe the strategy of your сompany’s activities in Kazakhstan today given the changing situation in the global market?

The Oil Chronicles

#5 (101), October 2016 The Oil Chronicles

On June 3 Supplement №4 signed between the Ministry of Energy of the Republic of Kazakhstan (competent authority), KazMunayGas OC JSC and ONGS Videsh Limited company to Contract №3575 as of June 15, 2010 on the exploration and production of hydrocarbons in the Satpayev site, located in Kazakhstan sector of Caspian sea.

Megaprojects Will Not Save Us

#5 (101), October 2016

Kazakhstan is one of the largest oil producing countries in the world with a large part of the economy depending on the oil and gas industry, and 50% of the budget revenues is financed by the petroleum industry, which concentrates a considerable amount of manpower. However, for the third year we are witnessing the decline of oil production in the country. If the peak year of 2013 we produced 82 million tons, it is planned to produce 75-77 million tons this year.

The Oil Chronicles

#4 (100), September 2016 special issueThe Oil Chronicles

October 2015
Kazakhstan is currently not considering buying shares of BG Group plc in the Karachaganak project and thereby increasing its share in the project, the Ministry of Energy of Kazakhstan told Trend. "To date, no requests from the project participants on the issue of alienation of their participation in both the Karachaganak and other major projects have been reported to the Ministry," the Office said. Early April 2015 Royal Dutch Shell reported reaching an agreement on buying the BG Group for $70 billion. The parties expect the closing of the deal to take place at the beginning of 2016.