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.

Chevron-Kazakhstan Partnership in Response to Pandemic

As Chevron operates in many parts of the world, we see the effects COVID-19 is having on communities and people. It is creating devastating social, economic and political challenges and affects organizations and businesses worldwide.

New GPP will be built in Kashagan

A modern gas processing plant will be built near the giant Kashagan offshore field. 

Oil for Belarus

Delayed Start

After the completion of the modernization program of its refineries, Kazakhstan completely covered the demand of the domestic market for gasoline and diesel fuel. But it is still not possible to start exporting surpluses.

KPO Announced Successful Completion of Turnaround

AKSAI, West Kazakhstan Oblast, 14 October, 2019 - Karachaganak Petroleum Operating B.V. (KPO) announced successful completion of 2019 Turnaround.

Disruptive Technologies in the Oil and Gas Industry

The volatility of oil prices today depends not only on the geopolitical situation, but also on the emergence and introduction of new technologies and facilitation of processes. There is still no clear definition of what digitalization is: works (Artificial Intelligence), services (Clouds computing) or goods (IIOT). Nevertheless, this word successfully attracts funding: companies are ready to invest, waiting for the birth of a new solution that will bring even more profit. Few conferences, forums and business meetings do without the word “digitalization”. In order not to get confused in a difficult choice and not to become hostages of venture financing, it is necessary to clearly understand what trends are emerging today in the field of digitalization of the oil and gas industry in Kazakhstan.

Kazakhstan and Karachaganak Consortium Came to Agreement

October 1, a three-year dispute between the government of Kazakhstan and shareholders of the international consortium Karachaganak Petroleum Operating B.V. (KPO) on the division of profit from the activities of the consortium has ended. On this day, the government represented by the Ministry of Energy of Kazakhstan, the Ministry of Finance of Kazakhstan and the competent authority – PSA LLP – and the shareholders of the Karachaganak project represented by Eni, Shell, Chevron, LUKOIL and KazMunayGas signed the "Principles Agreement" that set forth the major terms for the settlement of the dispute over the so-called "fairness index".

KMGI: Records and Prospects

Closing of a deal is expected in the near future between the National Company KazMunayGas and the Chinese CEFC on acquisition by the last mentioned of 51% stake in the KMGI Group, which owns and carries out refining, trading and sales of petroleum products through the own network of petrol stations Rompetrol in Romania, Bulgaria, Moldova, Georgia, as well as through its partners in the Black Sea region.