KazMunaiGas

Kazakhstan to receive $1.1 billion to settle Karachaganak row

Kazakhstan to receive $1.1 billion to settle Karachaganak row

Energy majors developing the Karachaganak gas condensate field will pay $1.1 billion to Kazakhstan to settle a profit-sharing dispute, Kazakhstan's Energy Ministry said. Kazakhstan and the consortium led by Shell and Eni will also …

Kazakhstan does not want to reduce oil production

Kazakhstan does not want to reduce oil production

Energy Minister says Kashagan would produce some 200,000 bpd in H2 2018, and then possibly 300,000 bpd by year-end. “Today, our daily production rate is 1.8 million barrels…we are not …

Kazakhstan looks to Azerbaijan for gas transit

Kazakhstan looks to Azerbaijan for gas transit

Kazakhstan is exploring options with Azerbaijan on finding new export outlets for its mounting natural gas production as an alternative to existing routes to the international market

Fitch comments Tengizchevroil expansion

Fitch comments Tengizchevroil expansion

The International Ratings Agency Fitch Ratings expects that the Tengizchevroil (TCO) expansion will result in a lower dividend stream to the Kazakh state-owned National Company KazMunaiGas, which owns a 20% stake in TCO, over the medium term. …

 New composition of KazTransOil board of directors announced

New composition of KazTransOil board of directors announced

The new composition of the board of directors of the Kazakh oil company KazTransOil has been approved. The Deputy Chairman of the Management Board for Corporate Development of KazMunayGas, Daniyar Berlibayev, was elected as its new …

New head of KazMunaiGas appointed

New head of KazMunaiGas appointed

The Board of Directors of the leading oil company of Kazakhstan, JSC KazMunaiGas Exploration Production (KMG EP), announces that Kurmangazy Iskaziev has been appointed General Director of KMG EP. He previously held the position …

KazMunaiGas sells $4 billion of shares

KazMunaiGas sells $4 billion of shares

Kazakh national oil and gas company KazMunaiGas has sold 58,420,748 common shares at the Kazakh Stock Exchange. The auction was attended by 2 members and was implemented by the British trading. The deal amounted to …