Oil and Gas, Kazakhstan Oil and Gas

Profit from Kashagan in 2017 to make up $180 mln

In 2017 Kazakhstan will earn $180 mln on Kashagan, executive Vice-President of KazMunayGas, D. Karabaev, said.

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Oil extraction of RD KMG has fallen

“Exploration Extraction KazMunayGas” JSC (RD KMG) taking into account the stakes in the JV Kazgermunay LLP, Karazhanbasmunai JSC and PetroKazakhstan Inc in Q1 2017 extracted 2,904 thous

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KMG kept oil extraction in 2016 at the level of 2015 – 22.6 mln tons

In 2016 KMG kept oil and gas condensate extraction at the level of 2015 – 22.639 mln tons, the company reports.

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KMG has successfully placed 5, 10 and 30-year euro bonds in the USA

KMG has completed the issue of euro bonds in the framework of the current program of issue of mid-term global papers at the volume of $10.5 bln.

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Working group created to study routes of duty-free Russian oil supply to Uzbekistan

Russia considers two options for Russian oil supplies to Uzbekistan, including the transit through Kazakhstan. This was stated by the Russian Deputy Minister of Energy K.

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Fitch publishes a rating of KazMunaiGaz bonds at the level of "BBB-".

We forecast no dividends from Kashagan within the rating period, as KMG Kashagan BV, a 50% associate of NC KMG, which owns a 16.89% interest in the project, will continue to pay its existing debt o

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Kazakhstan to significantly reduce oil production in May-June to fulfill its obligations to OPEC

Kazakhstan will significantly reduce its oil production in May-June this year, and thus fulfill its obligations to the OPEC to reduce the oil production in the first six months of the year, the cou

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Exploration Production KazMunayGas increases investments in efficiency of oil production

The Board of Directors of the Kazakh Exploration Production KazMunayGas (EP KMG) has carried out an adjustment of the company's budget for 2017, the press centre of EP KMG reports.

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Kazakhstan violates agreement with OPEC on reduction of oil production

Kazakhstan has violated its obligations to reduce the oil production by 20 thousand barrels per day, instead increased the production by almost 80 thousand barrels from October.

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Kazakhstan to produce 81 mln tons of oil in 2017

Kazakhstan plans to increase the total volume of oil production to 81 mln tons of oil in 2017, which is by 1.5 mln tons higher than in 2016.

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