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).
The largest oil and gas field in the last three decades was discovered in the Mangystau region of Kazakhstan, on the coast of the Caspian Sea.
The international rating agency S&P has downgraded Tengizchevroil's credit rating from BBB to BBB-.
The volume of oil shipped through the sea terminal of the Caspian Pipeline Consortium at the port of Novorossiysk in January 2021 amounted to 4.12 million tonnes, which is 26.6% less than the same period in 2020 at 5.61 million tonnes.
The Minister of Energy of Kazakhstan Nurlan Nogayev received the new General Director of Tengizchevroil Kevin Lyon, the press service of the department reported.
The associated gas of Kashagan will be processed, with reference to KazTransGas. According to the company, an agreement on the provision of services for the collection of this type of raw materials was signed with NCOC.