The spring of 2020 for the global oil and gas industry has become truly dramatic, on par with, perhaps, the energy crisis of 1973.
At the year-end 2019 Kazakhstan produced a record amount of oil and gas condensate – 90.5 mln tons, and almost half of this volume was produced in the Atyrau region.
The oil and gas sector is one of the leading industries of the region's economy, 70% of the region's industrial production is provided by oil and gas production.
In 2020, the world faced a challenge that cannot be adequately met without combining the efforts of all countries, different social and business groups and all of humanity.
The tear twenty nineteen was a successful year for the development of the fuel and energy complex of Kazakhstan – record oil production figures were achieved, the needs of the domestic market for gasoline and diesel fuel were completely covered by production of products at domestic refineries, the export of gasoline was launched for the first time in history, 23 renewable energy facilities were commissioned.
John Baltz, Managing Director of Chevron’s Eurasian Business Unit responds questions of Oleg Chervinsky, publisher of Petroleum magazine
Interview for Petroleum with Dinesh Sivasamboo, Managing Director of ExxonMobil Kazakhstan Inc.
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.
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.
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.
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.
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.
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.
Interview to Petroleum by Luca Vignati, Eni Executive Vice President, Central Asia Region
Karachaganak Petroleum Operating B.V. (KPO) has announced 2019 first half-year operational performance results.