Petroleum 20 years: the best
President of the NOC Kazakhoil Nurlan Balgimbayev answers the following questions for Petroleum.
A really epoch-making event for Kazakhstan occurred on March 26, five kilometers from the city of Atyrau.
The carrot and the stick - such policy has been chosen by the leadership of Kazakhstan in its interrelations with investors.
Kazakhstan Has Won Again the Shareholders of the North-Caspian Consortium.
The Kazakhstan authorities have gained an important political victory.
There is the bad news from the Kazakhstan sector of the Caspian Sea.
George Kirkland, an Executive Vice President, Upstream and Gas, Chevron Corporation, answers the questions of Oleg Chervinskiy, a Petroleum Editor-in-Chief.
Whether KMG needs a plant in Mazeikiu?
In late 2006 the first pages of the large-circulation Polish newspapers carried screaming slogans such as “Mazeikiu has been captured” or “Orlen is in the mouth of the Russian bear”.
Finally, Kazakhstan used its priority rights to purchase an 8.4% share in Kashagan field, previously owned by ConocoPhillips.
Kazakhstan’s offshore projects are only profitable if the oil price is $ 80-100 per barrel
Offers Below $80 Are Not Accepted!
The Strategy of the National Company KazMunayGas JSC on "building the muscles” by acquiring the assets, announced couple of years ago, nowadays is replaced by a no less active sellout due to low global oil prices.
On a mirror-smooth road through the Caspian desert at a speed of 5 km per hour, a powerful towing truck pulls something futuristic. A day later, this cargo will be delivered to its destination – the Tengiz field, which hides about 3.2 bln tons of proven oil reserves of the highest quality in its depths. And the cargo is one of the massive production modules intended for the construction of the Future Growth Project-Wellhead Pressure Management Project (FGP-WPMP), which should increase the volume of oil production at Tengiz from the current 27 mln tons per year to 39 mln tons.