PETROLEUM. Analytical journal. New projects, fields’ development, production, processing and transportation of oil and gas, presentation of the companies, statistics on the production of hydrocarbons, monitoring of investment legislation.

Petrochemical Industry Needs a Road Map, Not the Projects

Petrochemical industry is one of the most important branches of the processing industry. We use its products nearly all the time. Four out of five items, surrounding us at any time, are created due to the petrochemical industry.

Whether Kazakhstan Need the Fourth Refinery?

Currently the Kazakhstan market of all light oil products is scarce-volumes of production of gasoline, diesel oil and aviation kerosene by local Oil Refineries is not enough to cover the domestic market's demand for these types of fuels. Basically, this deficit is covered by the import of oil products from Russia. So, on average for the period from 2011 to 2015 about 30% of demand for gasoline and jet fuel and 10% demand for diesel fuel covered at the expense of imports from the Refineries of the northern neighbor.

The Training and Certification is the Ticket to the Future

The KMG Systems and Services LLP thanks the NCOC N.V. Consortium for including the partnership into the “Program of development of the local suppliers” and the opportunity to pass the program of implementation and certification of the international ISO 9001:2008 standard. According to the Director General of the KMG Systems and Services LLP Sherkhan Sugurbekov, obtaining a certificate in the internationally recognised certification body is an important step on the path of stable development of the LLP.

Safety Net for the Oil Industry

Kazakhstan's oil and gas industry is going through a rough time. Depletion of the resource base has been aggravated by the oil price crash on the global market. In a nutshell, oil companies operate with razor-thin profit margins, the future of the Kashagan project is still unclear, and the industry that until recently used to be a donor of the national budget is desperately asking for government subsidies.

Second Birth of Shymkent Oil Refinery

Shymkent oil refinery is experiencing a rebirth the year of its 30th anniversary. After completion of the ongoing work on modernization and reconstruction of the  refinery, the depth of processing will increase and the production rate will reach 6 million tons of oil per year, and the refinery will produce the motor fuels of the ecological classes K4 and K5, in accordance with the requirements of the technical regulations of the Customs Union.

Caspian Overdrive

Failures at Kashagan make the official Astana boost other exploration projects in Kazakhstan’s sector of the Caspian Sea

The national company KazMunayGas spent twelve years (!) to obtain the rights to develop the Issatay area at the Caspian offshore, that finally allowed to establish a JV (joint venture) to develop this promising sector.  It is not a joke:  Back in 2003 KMG filed an application to the competent authority for direct negotiations and for obtaining the subsoil use rights with enclosure of “Preliminary program of exploration and evaluation of Issatay area”.

Launch of Kashagan Scheduled for Late 2016

The resumption of oil production at Kashagan offshore field in the Kazakh sector of the Caspian Sea, which was interrupted after the detection of leaks in pipelines, has been scheduled for the second half of 2016. By this time, the drilling of additional wells on artificial islands will be have been completed. By the end of 2017, Kashagan will have reached peak production of 370 thousand barrels per day. 

Tengiz without the Yellow Pyramids

Rzabek Artygaliev, Tengizchevroil General Manager of Policy, Government and Public Affairs tells about the unique project on the production and sale of sulfur.

The oil and gas complex in the Tengiz field in the west of Kazakhstan is one of the largest and technically sophisticated enterprises in the modern oil industry. The Tengiz field is unique in its high temperature, abnormal reservoir pressure and high content of hydrogen sulfide. Tengiz pre-salt oil contains approximately 13% of aggressive H2S, therefore the “black gold” production and processing technologies are based on a single idea - resistance to an aggressive environment. To turn into commercial oil, extracted crude passes through several decontamination stages, and extracted H2S is neutralized via separation into components.