Directory of the Companies

Projects

Twenty Years Of Successful Cooperation

#3 (105), June 2017 Twenty Years Of Successful Cooperation

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.

Shareholders are Thinking about the Future of Kashagan

#2 (104), April 2017 special issueShareholders are Thinking about the Future of Kashagan

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 issueTengizchevroil LLP’s Future Growth Project-Wellhead Pressure Management Project is a Milestone Project for the Republic of Kazakhstan

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.

Three Billion Investment on the Silk Road

#1 (103), February 2017 Three Billion Investment on the Silk Road

JSC NC KazMunayGas and the Chinese company China Energy Company Limited (CEFC) signed an agreement in Bucharest, confirming their intention to implement the deal on the partial sale of the KMG International (KMGI) shares.

Economics of Kashagan

#1 (103), February 2017 Economics of Kashagan

The economics of Kashagan oil and gas project development and its impact on the economy of Kazakhstan sparked a lot of interest recently. Unfortunately, the terms of the production sharing agreement (PSA) of this project are confidential, the exact sum of investments and other details of the execution of the project is unknown as well. 

KPO Announces Performance Results for 2016

#1 (103), February 2017 KPO Announces Performance Results for 2016

Karachaganak Petroleum Operating B.V. (KPO) has announced the performance results for the year of 2016.
In 2016 KPO produced 139.7 million barrels of oil equivalent in the form of stable and unstable liquids, sour gas for export, and sweet gas for use as fuel. In addition, 8.04 billion cubic metres of sour dry gas were re-injected, a volume equivalent to approximately 46 per cent of the total gas produced

Tengizchevroil Announced Major Tengiz Expansion

#5 (101), October 2016 Tengizchevroil Announced Major Tengiz Expansion

On July 5, 2016, Chevron and our partners in the Tengizchevroil (TCO) joint venture have approved full funding for a major expansion of crude oil production for one of the company’s most valuable producing assets, the Tengiz Field in western Kazakhstan. The announcement of the Final Investment Decision (FID) took place in Astana, on July 5, 2016.

 

CPC Will Expand

#5 (101), October 2016 CPC Will Expand

Meeting of Nikolay Gorban – CEO Caspian Pipeline Consortium and Sauat Mynbayev - the Chairman of the Board of the National Company «KazMunaiGas» took place in Astana in the middle of September. Nikolay Gorban noted that CPC is ready to provide increase in through capacity of «Tengiz - Novorossiysk» oil pipeline fully and timely for oil acceptance from Kashagan field. CPC pipeline system – one of the largest investment projects in the energy sphere with participation of foreign capital in the territory of CIS. 

Aday`s another attempt

#5 (101), October 2016 Aday`s another attempt

This time they will search for oil in deeper layers.
Prospecting works may already be resumed in the next year at the Aday block in the Kazakhstani part of Caspian sea. «Ocean Petroleum» LLP will deal with the project.

 

Petrochemical Industry Needs a Road Map, Not the Projects

#5 (101), October 2016

Petrochemical industry is one of the most important branches of the processing industry. We use its products nearly all the time. Four out of five items, surrounding us at any time, are created due to the petrochemical industry.

TCO Launches the Largest Investment Project

#4 (100), September 2016 special issueTCO Launches the Largest Investment Project

On July 5, on the eve of the birthday of President of Kazakhstan Nursultan Nazarbayev and the day of Astana, the shareholders of the joint venture Tengizchevroil in a meeting with Minister of Energy Kanat Bozumbaev announced a final investment decision for the Future Growth Project and Wellhead Pressure Management Project (FGP-WPMP), which will be the next stage of expansion of the Tengiz oil field in western Kazakhstan. The project is supposed to involve $37 billion and is the world’s biggest investment project in petroleum production this year.

Whether Kazakhstan Need the Fourth Refinery?

#4 (100), September 2016 special issueWhether Kazakhstan Need the Fourth Refinery?

Currently the Kazakhstan market of all light oil products is scarce-volumes of production of gasoline, diesel oil and aviation kerosene by local Oil Refineries is not enough to cover the domestic market's demand for these types of fuels. Basically, this deficit is covered by the import of oil products from Russia. So, on average for the period from 2011 to 2015 about 30% of demand for gasoline and jet fuel and 10% demand for diesel fuel covered at the expense of imports from the Refineries of the northern neighbor.

SPE Conference Series Returns to Kazakhstan Against a Challenging Backdrop

#4 (100), September 2016 special issueSPE Conference Series Returns to Kazakhstan Against a Challenging Backdrop

This November, the Annual Caspian Technical Conference and Exhibition (CTCE) - organised by the Society of Petroleum Engineers (SPE) – will return to Astana for its third year hosted by KazsMunaiGas from 1-3 November at the Palace of Independance

The Training and Certification is the Ticket to the Future

#3 (99), June 2016 The Training and Certification is the Ticket to the Future

The KMG Systems and Services LLP thanks the NCOC N.V. Consortium for including the partnership into the “Program of development of the local suppliers” and the opportunity to pass the program of implementation and certification of the international ISO 9001:2008 standard. According to the Director General of the KMG Systems and Services LLP Sherkhan Sugurbekov, obtaining a certificate in the internationally recognised certification body is an important step on the path of stable development of the LLP.

 

Kashagan Requests New Money.

#3 (99), June 2016 Kashagan Requests New Money.

Kashagan oil field development operator - NCOC company is intended to significantly update and extend the deadline for the first production phase - pilot development planning. The operator has already developed a project called the APDP, which stands for "additional pilot development planning". In spring in Atyrau the project was presented to the public, where the public hearings on the preliminary EAI of the project were held. As expected, the response of the authorities should be given as quickly as possible, before the beginning of September.

 

Safety Net for the Oil Industry

#6 (96), December 2015 Safety Net for the Oil Industry

Kazakhstan's oil and gas industry is going through a rough time. Depletion of the resource base has been aggravated by the oil price crash on the global market. In a nutshell, oil companies operate with razor-thin profit margins, the future of the Kashagan project is still unclear, and the industry that until recently used to be a donor of the national budget is desperately asking for government subsidies.