JSC National Company KazMunayGas will start drilling of the exploration well on the Urikhtau field in two months, informed the company’s deputy chairman of the board Kurmangazy Iskaziyev.
LUKOIL took the decision to leave the projects Tyub-Karagan and Zhambai-Zaburinie in Kazakhstan. As informs Interfax-Kazakhstan, in 2011 the second exploration well Tyub-Karagan № 2 was drilled which has not revealed commercial accumulation of hydrocarbons.
Since May 21, 2012, by the decision of the company’s only shareholder, Zhanat Tusupbekov has been appointed to the post of a new general director of Rompetrol Group. Prior to this assignment, he held the post of general director of JSC KazMunayGas Processing & Marketing, subsidiary of the national company KazMunayGas (КМG). Rompetrol Group is part of КМG since 2007, informs KMG’s press-service.
Kyrgyzstanand Kazakhstan have agreed to form a working group on building an oil pipeline. The Minister of Economy and Antimonopoly Policy Теmir Sariyev stated about it in May during his visit to Kazakhstan.
JSC KazTransGas has informed about personnel transfers in its subsidiaries. Kadyrberdy Yelevsinov has been appointed as a new general director of Beineu - Shymkent Gas Pipeline LLP. Talgat Taubaldiyev has been appointed to the post of general director of Asian Gas Pipeline LLP.
In the Eastern Aral region, in the environs of the Каukei village in the Kazalinsk district, Kyzylorda region, the drilling of the first exploration well with a depth of 3.5 km was completed on the operational territory of Nursat-Bauyr & Co. LLP, informed the company’s acting geologist Bereket Tokayev.
JSC KazMunayGas Exploration & Production completed a deal for the sale of a 51 % interest in the charter capital of Kazakhstan Petrochemical Industries Inc. (KPI) to United Chemical Company, informed KMG EP’s press-service. KPI is the operator of the project for the construction of the first integrated gas chemical plant in the Atyrau region of Kazakhstan.
Japanese Hyundai Marubeni will finance modernization of the Pavlodar Petrochemical Plant. “I’d like to state that KMG’s Unit for Implementation of Projects led by Nurlan Balgimbayev executed a great deal of work on the selection and attraction of financing.
Karachaganak Petroleum Operating B.V. (KPO) announced today two senior management appointments. Damiano Ratti takes over from Giuseppe Pasi as the new KPO General Director, and Luca Vignati succeeds Graham Scotton as the new Operations Director and Deputy General Director.
Expenses of OJSC LUKOIL on writing-off the dry wells in Kazakhstan have reached $17 million in 2011, is underlined in the report of the Russian company. According to the document, on the whole, the expenses of OSC LUKOIL on writing-off the dry wells have reached $417 million in 2011.
Astana, 14 March 2011. JSC «KMG EP» («the Company») held a regular meeting of the Board of Directors. At the meeting, Lyazzat Kiinov, Chairman of the management board of JSC National Company KazMunayGas, was elected Chairman of the Board of Directors of KMG EP.
JSC КМКМunai plans to increase oil production up to 700 000 tons in 2012; so the enterprise will be the third largest in the Aktyubinsk region after JSC СNPC-Aktobemunaigasand Kazakhoil Aktobe LLP.
The $4 billion bonded loan from the National Fund will be allocated to JSC National Company KazMunayGas by two tranches in 2013 and 2015, informed the press-service of the President of Kazakhstan.
In connection with the development of the Каshagan project it becomes possible to return to the question on the construction of the fourth oil refinery in the territory of Kazakhstan.
“Duty-free deliveries of Russian oil to Kazakhstan will be preserved till 2014, after then the countries will pass to substitution operations,” informed the head of Samruk-Kazyna National Welfare Fund Umirzak Shukeyev.
Austrian OMV conducts negotiations with the Russian companies on the sale of a 51 % interest belonging to it in the largest oil and gas group of Romania, OMV Petrom, writes the Romanian newspaper Bursa referring to Mihai Maxim, head of the Romanian-Russian Chamber of Commerce and Industry.