KazMunayGas, Russia

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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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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French Air Liquide to start gas project in Kazakhstan before the end of this year

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

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JV of Lukoil, Gazprom and KMG has received a site in the Caspian Sea

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.

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Joint venture of KazMunayGas, Gazprom and Lukoil has waited for license during 7 years

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.

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A. Miller suggests to V. Alekperov to install gas car fueling equipment at Lukoil’s filling stations

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.

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KazTransOil is ready to increase the transportation of Russian oil to China by 40%.

The Kazakhstan national operator of main oil pipelines JSC "KazTransOil" declares its readiness to increase the transportation of crude oil from Russia to China to 10 million tons from 7 million, according to the company chairman Nurtas Shmanov.
"Today the volume, which is transited from Russian territory, into China is 7 million tons in accordance with the intergovernmental agreement between Kazakhstan and Russia.

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In March 2016, Caspian Pipeline Consortium exported 4.210 million tons of oil

In March 2016, the export of oil through the oil terminal of the Caspian Pipeline Consortium (CPC) increased by 7% to 4.210 million tons. This was reported by the press centre of CPC on April 5, 2016.
According to the company, in March 2015, the oil export amounted to 3.932 million tons. Thus, the increase was 7%.

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