Oil Chronicles
Oil Chronicles. January 2024
#3 (147), June 2024 special issue
Starting January 1, KazTransOil increased the tariff for pumping Russian oil through the Kazakhstani section of the TON-2 pipeline (Tuymazy-Omsk-Novosibirsk-2) by 21%, from $9.3 per ton (excluding VAT) per 1,000 km to $11.28 per ton. Within Kazakhstan, the pipeline spans 186.25 km, serving as a conduit for Russian oil deliveries to the Pavlodar Refinery and facilitating exports to China and Uzbekistan.
Oil Chronicles. February 2024
#3 (147), June 2024 special issue
February 1, the Ministry of Energy of Kazakhstan, in collaboration with the National Chamber of Entrepreneurs Atameken and Kazakhtelecom, which acts as a single operator, launched a one-year pilot project for the labeling and tracking motor oils from producer to consumer.
Oil Chronicles. March 2024
#3 (147), June 2024 special issue
South Korea, Asia's third-largest crude oil importer, did not receive any oil from Kazakhstan in February. Previously, the country was a regular buyer of CPC Blend, consuming an average of about 3-5 mln barrels per month over the past decade.
Oil Chronicles
#2 (146), April 2024 special issue
December 2 in Dubai (UAE), the Chairman of KazMunayGas, Magzum Mirzagaliyev, and the General Director of AD Ports Group, Mohamed Juma Al Shamisi, in the presence of the President of Kazakhstan Kassym-Jomart Tokayev, signed a Principles Agreement. The parties agreed to establish a joint working group to explore the potential construction of a ship repair and shipbuilding facility on the Caspian Sea coast in Kazakhstan.
Oil Chronicles. September 2023
#6 (144), December 2023
September 1, a delegation from KazTransOil, led by General Director Talgat Kurmanbayev, conducted negotiations in Beijing with executives from China National Oil and Gas Exploration and Development Company Ltd. and CNPC Exploration and Development Company Ltd. The discussions centered on collaboration within the management of joint ventures MunaiTas and the Kazakhstan-China Pipeline, focusing specifically on the expansion projects of the Kenkiyak-Atyrau and Kenkiyak-Kumkol oil pipelines.
Oil Chronicles. October 2023
#6 (144), December 2023
October 4, shareholders of Phystech II at an extraordinary general meeting decided to transfer voluntarily and gratuitously 100% of the company's voting shares, valued at 35.417 billion tenge (about $72 million), to the state as a gift. The main asset of Phystech II is the Karazhanbas North field in the Mangistau region, with reserves of 39.5 million barrels of oil.
Oil Chronicles. November 2023
#6 (144), December 2023
November 1, during French President Emmanuel Macron's official visit to Astana, an agreement was signed to establish a joint venture for the construction of wind power plants in Kazakhstan with a total capacity of 1 GW. The project participants from the Kazakh side are Samruk-Kazyna (20%) and KazMunayGas (20%), and from the French side, Total Eren (60%). The implementation is planned in two phases: the first will commission a 300 MW initial capacity; the second will add the remaining 700 MW. The wind farms will be equipped with a 300 MW energy storage system, reducing the risk of grid instability due to the intermittent nature of wind generation.
Oil Chronicles. June 2023
#5 (143), November 2023
June 1, KMG PetroChem (a subsidiary of KazMunayGas) and Tengizchevroil signed the principal terms of agreements required to implement the Gas Separation Complex (GSC) project. The GSC, with a capacity of 9.1 bln cubic meters of dry gas per year, will be constructed at the Tengiz field. The GSC is an infrastructure designed to produce ethane used as raw material at the polyethylene plant (the "Polyethylene" project).
Oil Chronicles. July - August 2023
#5 (143), November 2023
July 1, Alibek Zhamauv was appointed as the Deputy Minister of Energy. Born in 1981 in Atyrau, he graduated from Suleyman Demirel University and Satpayev KazNTU. He began his career at Agip Kazakhstan Caspian Operating Co. and later worked at Zhambyl Petroleum LLP. Between 2019-2020, he was the head of the technical group of PSA LLP. Since May 2020, he has been serving as the Deputy General Director of PSA LLP.
Oil Chronicles. January - February 2023
#4 (142), September 2023
January 11, Kazakhstan's Minister of Energy, Bolat Akchulakov, announced plans to supply 1.5 mln tons of oil to Germany via the Druzhba pipeline in 2023. KazTransOil JSC has received confirmation from the Russian Federation's Ministry of Energy to transport 300 thous. tons of Kazakstanih oil through Transneft's main pipeline system towards the Adamova Zastava oil delivery point for further supply to Germany in the first quarter of 2023. The oil transit will be carried out under an agreement between the governments of Kazakhstan and Russia dated June 7, 2002.
Oil Chronicles. March - April 2023
#4 (142), September 2023
Starting March 1, Dmitry Makeev has been appointed as the Deputy Chairman of KazMunayGas, where he will oversee the oil refining and petrochemical sector. Since December 2019, Makeev held the position of Director of the Oil Refining and Petrochemicals Department at the national company. From 2005 to 2019, he worked at the Atyrau Refinery, progressing from an operator to the Managing Director for Technology.
Oil Chronicles. May 2023
#4 (142), September 2023
From May 1, KazTransOil has increased its oil transportation tariffs for export by 2-3 times. The most significant hike was in the cost of loading oil into rail tank cars at the Kasymov oil pumping station in the Atyrau region: from 409.57 tenge per ton (excluding VAT) to 1,213.20 tenge per ton. The oil transshipment at the Shmanov PS to the Kenkiyak - Atyrau pipeline for export outside Kazakhstan has risen from 500 tenge to 1,000 tenge.
Oil Chronicles. November-December 2022
#1 (139), February 2023 special issue
November 1, five new compressor units were put into operation at the Kazakh Gas Refinery in the Mangystau region, which allowed a 20% increase in the volume of gas received for processing.
Oil Chronicles. June 2022
#6 (138), December 2022
Starting June 1, NCOC commenced the turnaround of the Kashagan offshore and onshore facilities. A turnaround is one of the most critical planned activities, which implies a complete production shutdown for a short period once every few years as dictated by regulatory compliance and business needs. Large-scale work, with a volume of more than two mln man-hours, is planned to be completed within 45 days.
Oil Chronicles. July 2022
#6 (138), December 2022
July 1, the Caspian Pipeline Consortium resumed the shipment of oil from two Single Point Moorings (SPM) out of three after the downtime of SPM-1 and SPM-2 in connection with the seabed inspection of the CPC marine terminal for the presence of explosive objects.
Oil Chronicles.August 2022
#6 (138), December 2022
August 3, a ministerial meeting of the countries participating in the OPEC+ agreement was held in a videoconference format. Kazakhstan was represented at the meeting by Minister of Energy Bolat Akchulakov.
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