Directory of the Companies

News 2021

June 2021

CPC

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).

June 2021

NCOC

Proger, through its local company Caspian Proger, has signed a five-year framework agreement with the North Caspian Operating Company (NCOC).
May 2021

OMV Petrom

Romanian oil and gas group OMV Petrom said that it has closed the sale transaction for its 100% shareholding in Kom-Munai LLP (KOM) and Tasbulat Oil Corporation LLP (TOC) in Kazakhstan to Magnetic Oil Limited.
May 2021

KazMunayGas

The composition of the Board of Directors of National Company KazMunayGas has been changed.

May 2021

Restriction on the export of gasoline

From May 9, 2021, Kazakhstan introduces a six-month restriction on the export of gasoline, diesel fuel and a number of oil products, including light oil, by road outside the republic.
April 2021

KazMunayGas

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.

March 2021

Kazakhstan - EU

Kazakhstan sends 80% of the exported oil to the EU countries.
March 2021

Chevron Phillips Chemical

Kazakhstan is looking for a strategic partner for a polyethylene production project with a capacity of 1.2 million tonnes per year.
March 2021

BP

Oil and gas company BP refused to develop the Kalamkas-sea, Bolshoy Zhambyl and Zhemchuzhnaya blocks, with reference to the national company KazMunayGas.
March 2021

Air Liquide

Air Liquide increases its presence in Kazakhstan through its 75% owned joint venture Air Liquide Munay Tech Gases (ALMTG).

March 2021

Meridian Petroleum

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.

February 2021

TCO

The international rating agency S&P has downgraded Tengizchevroil's credit rating from BBB to BBB-.

February 2021

CPC

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.

January 2021

Tengizchevroil

The Minister of Energy of Kazakhstan Nurlan Nogayev received the new General Director of Tengizchevroil Kevin Lyon, the press service of the department reported.

January 2021

KazTransGas

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.