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.

Europe: Energy Union as a New Energy Paradigm? Security and Independence is a Key Strategy for the EU

European Commission published the Concept of the Energy Union on  February 25.  It should be recognized that the forthcoming establishment of the Energy Union means the next stage of deepening the integration process. This Union will be the third integration model after creating the Monetary Union (with its supranational currency-Euro and its management body-the European Central Bank) and Banking Union (with the creation of a single supervisory authority over the European banks). 

KAZENERGY’s Forecasts

Late last year, KAZENERGY Association published its National Energy Report-2013, which presented an analysis of the situation and of development prospects for the fuel and energy complex of Kazakhstan. According to the statement made by Asset Magauov, the General Director of the Association, the relevant ministries, scientific & research institutes, members of the Association and a number of consulting companies has been involved in Report preparation. The Report contains exclusive data, analyses and expert findings on the situation in the fuel and energy industry in Kazakhstan and abroad. According to Mr. Magauov, opinions  of the World Energy Council, of the World Petroleum Council, as well as general global research and forecasts in the energy industry were taken into account in the preparation of the document.

Oil Сhronicles

On October 1 , Nursultan Nazarbayev, Head of the State, visited the offshore metal structures plant, owned by Caspian Offshore & Marine Construction LLP, during  his working trip to Mangystau region, - informs the press service of Akorda. During the visit, the President heard the reports about the enterprise activities and viewed the first jack-up rig in Kazakhstan, which is being raised for KMG Drilling & Services LLP. 

Oil Сhronicles. January - April

January, 2014

For violation of the Energy Charter Treaty and “deprivation of the oil business» caused to the Moldovan businessman Anatol Stati, the owner of an offshore company Tristan Oil Ltd., International Court of Arbitration awarded Kazakhstan to pay $ 1.5 billion. 

The Locomotive of the Country’s Economy

KazMunaiGas National Company is rightly considered to be one of the country’s economy locomotives. Today it provides about a third of overall oil production, nearly 96% of gas transportation, 67% of the pipeline transportation and 83% of oil refining in the country.

Kaztransoil – the Sky-High Rating of Confidence

Following the results of the first six months of the year, KazTransOil JSC, the national main oil pipeline operator of the Republic of Kazakhstan, has received a net profit of 36 billion 755 million KZT, which is 10% higher than in the same period of 2013. The agreements reached within the framework of the Eurasian Economic Union development gives confidence in further stable growth of indexes. The company took an active part in the preparation of a draft Treaty of the EAEC, and it is worth noting that Kazakhstan side managed to consolidate its position and interests in the energy area. Kairgeldy Kabyldin, the Executive Director of KazTransOil JSC speaks on the company expected future development.

KMG is Ready for Different Scenarios

The National Company’s operational results of 2013 were summarized and its priorities for the current year were defined at the expanded Board of JSC National Company KazMunayGaz.

Oil and Gas Industry in 2013

The results of oil and gas industry operations within the year 2013 were summed up at an expandedsession of the board of the RoK, with the participation of the Ministry of Oil and Gas and Serik Akhmetov, the Prime Minister