North Caspian Operating Company N.V. (NCOC), the Operator of the North Caspian project, announces that it has reached another significant production milestone - 500 million barrels of oil since the start of the Kashagan oil production 5 years ago.
Mirzagaliev Magzum Maratovich was appointed Minister of Energy of Kazakhstan.
KazMunayGas (KMG) and Shell Kazakhstan B.V. (Shell) signed a Memorandum of Cooperation in the area of CO2 Capture Utilization and Storage Technology (CCUS).
"Kazakhstan will set up the National Geological Service," Kazakh Ecology, Geology and Natural Resources Minister Magzum Mirzagaliyev told the Government meeting.
On 10 June 2021, Caspian Pipeline Consortium paid out the first ever tranche of dividends to its shareholders for Q4 2020 and Q1 2021. The total amount of dividends payable for that period is USD 665 mln. USD 548 million was distributed to the CPC shareholders in the first tranche (net of withholding tax based on Russian tax law).
The composition of the Board of Directors of National Company KazMunayGas has been changed.
On April 5, in the city of Saran, Karaganda region, an Agreement was signed on the basic terms of interaction under the Butadiene project, implemented by KazMunayGas together with Tatneft.
Air Liquide increases its presence in Kazakhstan through its 75% owned joint venture Air Liquide Munay Tech Gases (ALMTG).