Arbitration Proceedings with Investors: What s at Stake? Kazakhstan is in Legal Disputes with Shareholders of the Kashagan and Karachaganak Projects#5 (143), November 2023
Several investors involved in the development of the massive Kashagan oil field in the Caspian have informed the Kazakhstan government of their potential recourse to international arbitration. This move comes in response to a $5 bln environmental fine imposed on them, as reported by Bloomberg, citing a source.
The offshore Caspian project, Kalamkas-Sea, Khazar, Auezov, agreed upon for joint implementation by KazMunayGaz and Lukoil, is expected to enter the project documentation phase in the fourth quarter of the current year, as revealed by the head of KMG, Magzum Mirzagaliyev. He noted that the procedures for forming the project operator, Kalamkas-Khazar Operating LLP, are nearing completion.
The Pivot of Gas Lines. For the first time, Russian gas flows The Pivot of Gas Lines. For the first time, Russian gas flows#5 (143), November 2023
On his 71st birthday, Russian Federation President Vladimir Putin celebrated on October 7 at his suburban residence, Novo-Ogaryovo, accompanied by the presidents of Uzbekistan, Shavkat Mirziyoyev, and Kazakhstan, Kassym-Jomart Tokayev. He greeted them in the new domestic off-roader, the Aurus Komendant, even offering a brief tour around the residence grounds.
Kazakhstan's President Kassym-Jomart Tokayev returned from Xi'an with a substantial package of signed bilateral agreements that will bolster Chinese presence in the country's oil and gas industry. The state visit took place from May 16th to 20th and was aligned with the Kazakhstani leader's participation in the Central Asia-China summit.
The construction of the Caspian Pipeline Consortium's (CPC) trunk oil pipeline infrastructure, which kicked off in 1999, has emerged as one of the largest investment projects in the energy sector involving Kazakhstan, Russia, and global upstream players.
The Project “Processing Liquid Oily Waste by Centrifugal Separation with the Production of Sales Oil, Purified Water and Waste Solids” implemented by PetroKazakhstan Kumkol Resources JSC won Tech Garden Awards-2022 and also became the winner in the Best Environmental Project nomination.
Since Kazakhstan ratified the Paris Agreement, the government has gradually strengthened its position on climate change issues by revising environmental legislation and considering the launch of various instruments aimed at decarbonizing the country.
Karachaganak Petroleum Operating B.V. (KPO) has announced its performance results for 2022.
Over this period, KPO produced nearly 129 million barrels of oil equivalent of stable and unstable liquid hydrocarbons, export raw gas and sweet fuel gas.
Starting March 1, Russian Gazprom will begin exporting gas to Uzbekistan via Central Asia–Center pipeline in reverse mode. The start date of deliveries to Kazakhstan is still under discussion.
Interview with Deputy General Director for Human Resources Management, Mrs. Raikhan Abdrassilova on the eve of the 25th anniversary of Kazakh-Chinese cooperation in the oil and gas sector
On September 29, the first aviation fuel exchange auctions in Kazakhstan took place at the ETS Commodity Exchange JSC platform.
At the end of June this year, following the talks between the Prime Ministers of Belarus and Kazakhstan, Roman Golovchenko and Askar Mamin, an agreement on trade and economic cooperation in oil and petroleum products supplies to Belarus was signed in Nur-Sultan.
Joint-stock (JSC) National Company (NC) KazMunayGas (“KMG” or “Company”), Kazakhstan's national vertically integrated oil and gas company, announced its operating results for 2020.
The North-West Kyzylkiya field began its story in 2003-2004, when engineers carried out 2D and 3D field seismic surveying in the southern section of the Turgai depression and created structure maps for potential oil deposits, resulting in the North-West Kyzylkiya field opening as a result of well No. 34 being drilled in 2004.