News 2013
Rompetrol
Rompetrol, being a subsidiary of JSC NC KazMunayGas, will get full control over Romanian Rompetrol Rafinare, is underlined in KMG’s message. On February 15, 2013 Rompetrol and the Romanian government have signed a memorandum on mutual understanding on the settlement of the dispute on converting the bonds of Rompetrol Rafinare (proprietor of Petromedia Oil Refinery and Vega in Romania) in favour of the Romanian state in September 2010.
KazRosGas
By the joint decision of JSC NC KazMunayGas and OJSC Gazprom, being the authorised organisations under the Agreement between the governments of the Republic of Kazakhstan and the Russian Federation of September 7, 2010 on the joint geological study and exploration of the transboundary gas condensate field Imashevskoye, KazRosGas LLP is defined as a uniform operator of the project.
Zhaikmunai LLP
Zhaikmunai LLP is the enterprise on exploration and production of oil and gas with the assets in the northwest of Kazakhstan. The company has confirmed legal registration of the property rights to three oil and gas fields (Rostoshinskoye, Daryinskoye and South Gremyachenskoye) in Kazakhstan after signing of appropriate additional agreements with the Ministry of Oil and Gas of the RКwhich came into force on March 1, 2013. As it was announced earlier, on August 17, 2012, Zhaikmunai LLP signed the agreements granting a 100 % right to the development of three new gas and oil fields (Rostoshinsky, Daryinskoye and South Gremyachenskoye).
The Customs Union
The Senate of Parliament has approved the draft law of the RК“On ratification of the agreement between the government of the Republic of Kazakhstan and the government of the Russian Federation on trade and economic cooperation in the deliveries of oil and petroleum products in the RК”, and also ratification of the accompanying protocol with the amendments to the agreement.
Caspian Services
American Caspian Services, belonging to the Kazakh billionaire Bakhytbek Baiseitov, has commenced its activities in the Russian sector of the Caspian Sea, informs Interfax. For these purposes, the company has formed a 100 % subsidiary, Caspian Services LLC.
Max Petroleum
Max Petroleum has started drilling of the production well at the Zhana Makat field in the oldest oil bearing area of the Atyrau region. The well will be drilled to a target depth of 1338 m with the target horizons in the Jurassic and Triassic collectors.
ExxonMobil Appoints New Managing Director of ExxonMobil Kazakhstan Inc.
In February 2013, Exxon Mobil Corporation, a leading international oil and gas major, announced the appointment of Mr. Bruno Jardin as Managing Director of its Kazakhstan affiliate, ExxonMobil Kazakhstan Inc. He succeeds Michael Crews, who has headed the affiliate since 2009.
Ozenmunaigas
By the decision of the board of directors, Askar Rzakhanov was appointed to the post of general director of JSC Ozenmunaigas, informed the press-service of the national company КаzMunayGas.
Gazprom Neft
Gazprom Neft has acquired Bitumen Plant LLP, a new asset for production of bitumen products with an annual capacity of 280 000 tons, located in Southern Kazakhstan near Shymkent,” is marked in the company’s press release. According to the document, Bitumen Plant LLP is one of the leaders in production of bitumen in Kazakhstan.
KMG
The state companies of Russia, Kazakhstan and Belarus – OSC Zarubezhneft, JSC National Company KazMunayGas and Production Association Belorusneft – will cooperate within the project Souyznefteotdacha, informs Zarubezhneft.
KMGEP
Under the decision of the board of directors of JSC КаzMunayGas Exploration & Production, Abat Nurseitov has been appointed to the post of general director (chairman of the board) of JSC KMG EP. Earlier,he held the post of deputy general director on productionat this company.
KMC Мunai
JSC KMC Munai (Аktobe), the shares of which are placed on the official list of the Kazakhstan Stock Exchange (KASE), informed in its official letter to KASE the following: “JSC informs about receiving a notification on December 26, 2012 from JSC CNPC-Aktobemunaigas on its intention to acquire 30 and more percent of voting shares of JSC KMC Munai on the secondary securities market.”
КМG
JSC NC KazMunayGas has obtained a positive conclusion of the state expert examination on the feasibility study for the project “Gas Refinery in the Western Kazakhstan region”.
Roxi Petroleum
The oil and gas company Roxi Petroleum PLC, actively doing business in Kazakhstan, intends to attract $40 million from the issue of new shares. The Kazakhstani businessman, ex-chairman of the People’s Bank and АTF Bank Kairat Satylganov will become the company’s main investor.
KPO
The international consortium Karachaganak Petroleum Operating B.V. (KPO) has prepared preliminary estimates of possible configurations of Stage 3 of the project for the development of the largest Karachaganak oil and gas condensate field. In the strategy’s presentation it is said that this stage assumes increase in gas production from the field up to 27.9 billion cubic meters a year by 2022.
КМG
KazMunayGas will acquire a 50 % interest in the charter capital of the oil and gas company Central being formed in Russia, writes Rosbalt. As a result, Kazakhstan plans to join LUKOIL and Gazprom and under a joint venture to develop the Central field on the Caspian Sea shelf. KazMunayGas has already addressed to the Federal Antimonopoly Service of the Russian Federation to approve the deal on acquiring a share in JV.