Lukoil plans to enter the retail fuel market of Kazakhstan by launching a franchisee project.
KazMunayGas withdraws from the Isatai project and returns the site to the government.
The KazTransOil oil transportation company plans a test shipment of 7,000 tons of oil from the Kashagan oil field through Aktau seaport to Baku port this month, reported the company’s press service.
Nostrum Oil & Gas
Nostrum Oil & Gas PLC said on Friday it had agreed to acquire 80% of Positive Invest LLC for USD20 million.
Temirkhan Abdirov was appointed Deputy General Director for Production of KazTransOil JSC. By the decision of the Board of Directors of KazTransOil JSC dated March 6, 2023, Temirkhan Abdirov was elected a member of the Management Board of KazTransOil JSC.
The market discount between KEBCO and Brent is about $3 per barrel. This was announced by the head of KazMunayGas Magzum Mirzagaliyev at CERAWeek.
Oil lifting from CPC Marine Terminal was suspended on 18 February 2023 due to weather conditions (strong gale force winds, high waves)
Oil export to Germany
Vice Minister of Energy of Kazakhstan Askhat Khasenov spoke about 20,000 tonnes of oil, which were to be sent to Germany by the end of February.
KazMunayGas / Shell
The Memorandum of Understanding was signed by KazMunayGas and Shell Kazakhstan. The document was signed by Magzum Mirzagaliyev, Chairman of the Board of KazMunayGas, and Herman Burmeister, Senior Vice President and Chairman of the Shell concern in Kazakhstan.
KazMunayGas / Lukoil
KazMunayGas and Lukoil will equally share the shares in the project to develop the Kalamkas-Sea and Khazar fields located in the Kazakh sector of the Caspian Sea, the press service of KMG reported. Shares in the project will be distributed as follows: KMG at 50%, Lukoil at 50%.
Beineu-Zhanaozen gas pipeline
On February 7, 2023, the symbolic welding of the first joint of the construction of the Kazakhstan gas transmission system project, the second line of the Beineu-Zhanaozen gas pipeline, took place in the Mangystau region.
Zhakyp Marabayev, former deputy chairman of the board of the Kazakh company KazMunayGas, will advise the Ministry of Economy of Georgia in the process of creating an oil strategy. This was announced by the Ministry of Economy of Georgia.
KazMunayGas at the end of 2022 began drilling at the Zhenis offshore block in the Caspian Sea
Caspian Sunrise PLC
Caspian Sunrise PLC said that its deep well 802 at the BNG contract area in the south-west of Kazakhstan is flowing at between 700 to 900 barrels of oil per day, as oil was discovered before the well was completed.
Chairman of the Board of KazMunayGas (KMG) Magzum Mirzagaliev held a meeting in Astana with a delegation of Eni S.p.A. led by Director of Exploration and Production of the Natural Resources Division Luca Vignati.
Kazakh First Deputy Prime Minister Roman Sklyar and Chairman of the Board of Gazprom Aleksey Miller met in St. Petersburg, Russia.