There were 40.9 million tons of Kazakh oil was pumped through the pipeline system of the Caspian Pipeline Consortium (CPC) in 2016, the CPC press service reported. On May 16-18 the annual general meetings of shareholders of "CPC-R" JSC and "CPC-K" JSC took place in Russian city of Gelendzhik.
On April 12, in Almaty, on the territory of the Industrial Zone in Alatau district, a solemn ceremony of laying the capsule took place, which gave the start to the construction of the country's first high-tech factory for the production of large-diameter welded steel pipes for the transportation of oil, gas, water and oil products, and for using in the mining, construction, chemical and power industries.
According to the Director of the gas industry development department of the Ministry of Energy Ziyash Kiyakbayev, Kazakhstan will start selling the liquefied petroleum gas (LPG) through a electronic trading platform since January 2018, by gradually reducing sales at the regulated prices - Reuters.
The plant “Kondensat” JSC in Burlinsk district West-Kazakhstani region has put into operation the vacuum distillation unit, the Kazinform correspondent reports with reference to the company’s press service.
According to Kazakhstan Today, the Vice-President and Finance Manager of NC “KazMunayGas” Dauren Karabayev declared that in 2017, the net cashflow from Kashagan is expected to be 180 mln US dollars. He said that the Kashagan production rate is around 180 thousand barrels per day.
By the Resolution of the Board of Directors of “Embamunaygas” JSC, Anuar Zhaksybekov has been elected as the Chairman of the Management Board from April 24. “Anuar Yerkinovich is a geologist, he used to be the head of the geology department of “KazMunayGas”, and he is professional in his area.
Kenzhebek Ibrashev was appointed President and a member of the Board of Directors of the “Kazakh-British Technical University” joint-stock company. The Board of Directors of KBTU JSC accepted the corresponding decision on May 15, 2017. At the same time, Bakhytzhan Barmagambetov was relieved of his post as President of KBTU.
Uzbekistan has reached an agreement with Kazakhstan on use of Omsk-Pavlodar- Shymkent oil pipeline for the crude supplies to its oil refineries. It was declared by Alisher Sultanov, Chairman of the Board of Uzbekneft National Holding Company. Apparently, it concerns the deliveries of Russian crudes to Uzbekistan. Previously, Kirill Molodtsov, Russia’s Deputy Minister of Energy, said that until the end of March, the authorized structures of Russia and Uzbekistan shall prepare their proposals on effective mechanism of Russian oil deliveries to the country, reports Sputnik.
In the second decade of March, the second million tons of oil was produced at Kashagan field, located in the Kazakhstani sector of the Caspian Sea, informs the correspondent of International News Agency Kazinform. "The production at the field was resumed in the last September.
Amendments are made in the Government Decree of the Republic of Kazakhstan dated December 12, 2014 "On determination of the single operator of oil products supply”, according to which KazMunayGas-Aero company has become a new operator for a number of security agencies.
Satti self-elevating floating drilling rig (SEFDR) passed all basic tests and it is ready for operating, said Akhan Telmanov, the Chief Specialist of Mangystau regional Department of the Committee on Industrial Development and Security. Satti SEFDR passed the test on industrial safety requirements suitability. According to its results, drilling rig is ready for operating in harsh Caspian conditions”, he noticed Reportedly, in April 2015, Satti SEFDR came out of dry dock, located on the territory of Ersay Caspian Contractor LLP in Mangystau region.
The cost of third-generation refinery at Tengiz oilfield, developed by Tengizchevroil LLP in Atyrau region, will amount to 36.8 bln USD”, Kazinform correspondent reports. "The construction of the third generation refinery is carried out within the frameworks of the projects on surface pressure control and future expansion of the TCO. Partners made the final decision on the financing of the projects.
North Caspian Operating Company B.V. plans to produce 1.1 mln tons of sulphur annually during the Kashagan oilfield development project. This was reported in the press-service of the Ministry of Energy of the RoK in response to the request of Kazinform Agency.
The shareholders of Karachaganak Petroleum Operating company prepare a proposal on equitable distribution of oil sales revenues for Kazakhstan, reports Trend. "During nine months, the KPO shareholders shall bring a proposal to the Government of Kazakhstan on a dispute about the unfair distribution of oil sales revenues at Karachaganak field," stipulates the statement. As noted, at the same time, Kazakhstan, represented by the Ministry of Energy, will continue to defend its interests through the arbitration.
Fluor Corporation announced its joint venture team, KPJV, has been selected by Tengizchevroil to execute the front-end engineering and design (FEED) for the Multi-Phase Pump Project in Kazakhstan. As a part of TCO’s major capital program, the project will implement multi-phase pump technology across the gathering network of existing oil and gas facilities at the Tengiz and Korolevskoe fields to maintain crude production by reducing wellhead pressure and increasing well deliverability.
The amount of investments to Kazakhstan’s oil and gas sector decreased by one third over the past three years, said Kanat Bozumbayev, Minister of Energy of Kazakhstan. "In the past three years, the downturn in the oil and gas industry reduced the amount of investments to the sector from 18 bln USD in 2013 to 12 bln USD in 2016," said Mr. Bozumbayev, speaking at an extended meeting of the Ministry of Energy.