KazMunayGas, Oil and Gas

Putin orders the transfer of a share in the Caspian Pipeline Consortium to "Transneft".

Russia will pay for the additional issue of ordinary shares of "Transneft" by making its capital of 100% of the shares of two companies, one of which has a stake in the Caspian Pipeline C

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KMG and Gazprom agreed on gas supply

The volume of supplies in 2017 will make up about 12.8 bln cubic m.
Kazakhstan as agreed with Russia on the supply of over 12 bln cubic m of gas in 2017, KazTransGas reports.

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“Razvedka Dobycha “KazMunayGas” carried out further exploration at Rozhkovskoye

JSC “Razvedka Dobycha “KazMunayGas” announces the results of additional exploration at the deposit Rozhkovskoye within the boundaries of the Fedorovsky block.

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KMG might make profit on the results of 2016

KazMunayGas JSC might make profit on the results of 2016, the executive Vice-president for transportation, processing and marketing of KMG, D. Berlibaev, said.

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Sauat Mynbaev: Our goal is to create from KMG a structure, not burdened with a lot of subsidiaries

- Sauat Mukhametbaevich, in recent times KMG attracts public attention. Mass media reports that the company has now more than 30 vice-presidents. Why do you need more than 30 deputies?

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KazMunayGas denies intention to participate in Rosneft privatization

The Kazakh state-owned oil and gas company KazMunayGas has no plans to purchase the share of Rosneft in the privatization of 19.5% stake of the Russian oil and gas company, KazMunayGas informs.

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Media: "Lukoil" can be one of the contenders for the stake of "Rosneft".

Among the companies willing to participate in the privatization are also indicated Sinopec, the Kazakh "KazMunaiGaz", "Surgutneftegas".

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In the first 9 months, EP KazMunayGas reduced oil production by 1% to 9.1 mln tons

In January-September 2016, the oil production of Exploration Production KazMunayGas (EP KMG) decreased by 1% and amounted to 9.134 million tons of oil or 246 thousand barrels per day.

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The Board of Directors of "KMG EP" approves an increase in capital investments by 17% in 2016.

During the regular meeting of the Board of Directors of JSC "KazMunaiGas Exploration Production" approved the adjustment plan of capital investments of the company in 2016.

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EE KMG has approved the volumes of oil supply to domestic market of Kazakhstan

Based on the current results the company expects oil supply out of the resources of Ozemnunaigas and Embamunaigas to the domestic market in 2016 will make up 3,372 thousand tons (37 thousand barrel

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Oil and Gas, Metals and Mining, News from Russia and neighbouring countries
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