KazMunayGas, Russia Oil and Gas
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
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.
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.
Among the companies willing to participate in the privatization are also indicated Sinopec, the Kazakh "KazMunaiGaz", "Surgutneftegas".
The French Air Liquide will begin to implement the project for the production of industrial gases in Kazakhstan in 2016, the Minister for Investment and Development of Kazakhstan Jenis Kasymbek rep
A JV of Lukoil, Gazprom and KMG has gained the right to use a subsoil of the “Central” structure in the water area of the Caspian Sea.
In the first six months of 2016, mining subsidiary of KazMunayGaz Exploration Production KazMunayGas (EP KMG), including its shares in Kazgermunay (KGM), CCEL and PetroKazakhstan Inc.
The Russian Minister of Natural Resources and Environment Sergei Donskoy has submitted to the Government a draft executive order on granting the license for subsoil area in the Caspian Sea, including the Tsentralnoye deposit. The license for geological exploration and production will be received by oil and gas company Tsentralnaya, 50% of which are owned by KazMunayGas, 25% by Lukoil and Gazprom each. The single payment for subsoil use will be 4.266 billion rubles, a representative of the Ministry of Natural Resources reported to the Vedomosti. The draft order was agreed by relevant agencies, including the Ministry of Economic Development and the Ministry of Energy, a memorandum to the project says. A representative of the Ministry of Energy confirmed the approval of the document. The Ministry of Economic Development received the draft. But its coordination by the Ministry is not required, a representative of the Ministry of Economic Development reported.
International rating agency Fitch Ratings expects that the expansion project of "Tengizchevroil" (TCO) would in the medium term lead to a low dividend stream for the Kazakh State National Company "KazMunayGas" (KMG), which owns a 20 percent stake in TCO, the message of the rating agency informed on Friday.
Such a scenario is already taken into account in the rating Fitch scenario for KMG.
A. Miller suggests to V. Alekperov to install gas car fueling equipment at Lukoil’s filling stationsEdited by Rhod Mackenzie / 2016-06-10 08:47:51
A. Miller suggests to V. Alekperov to install gas car fueling equipment at Lukoil’s filling stations
Gazprom is going to install the modules for car fueling with compressed natural gas at Lukoil’s filling stations, Gazprom announced on June 9 2016. The chiefs of the companies met yesterday in Gazprom’s central office and discussed several points of cooperation.