Kazakhstan, Oil and Gas
In 2016 KMG kept oil and gas condensate extraction at the level of 2015 – 22.639 mln tons, the company reports.
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.
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.
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
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
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.
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.
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.
The Russian Government has specified the conditions for the joint development of the Kurmangazy oil and gas deposit in the Caspian Sea.
Kazakhstan increased oil extraction by 5.9% in Q1 2017. Its volume made up 17.707 mln tons.
Gas condensate production in Q1 grew by 2% to 3.421 mln tons.