Kazakhstan Oil and Gas

Accumulated volume of oil production at Kashagan field in Kazakhstan since restart has reached 40 million tons

Since production resumed in 2016, the Kashagan field in the Kazakhstan sector of the Caspian Sea has produced 40 million tons of oil.

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Kazakhstan exempts producers of petrol and diesel fuel for export from paying excise taxes until the end of 2020

The Government of Kazakhstan exempts Kazakh producers of petrol (except for aviation) and diesel fuel for export from excise duties until December

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Kazakhstan to again ban import of petrol from Russia by railway transport

The authorities of Kazakhstan are again going to introduce a ban on import of petrol, aviation and diesel fuel from Russia by rail for a period of

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KazTransOil increased its net profit by 17.2% in 2019

In 2019, Kazakhstan's KazTransOil increased its consolidated net profit by 17.2% to 45.1 billion tenges, the company reported

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Kazakhstan plans to produce oil in the same volumes

Kazakhstan intends to adhere to previous plans for oil production after

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Nurlan Nogayev: Kazakhstan's fields have different cost of reservoir development

Cost of reservoir development at Kazakhstan's fields is different. This was stated by the Energy Minister of the republic Nurlan Nogayev.

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Kazakhstan states that there are no grounds for starting oil supplies to Belarus

Kazakhstan and Belarus have not yet agreed to start supplying oil and petroleum products, as there are no legal grounds for this within the EEU.

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Gas processing plant on basis of Kashagan field scheduled to be completed by 2022

Kazakhstan expects to complete the construction of the gas processing plant at the Kashagan field by the end of 2021, the press centre of the Prime Minister of the republic Askar Mamin reports.

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KazMunayGas plans to hold IPO in autumn of 2020

The initial public offering of KazMunayGas (KMG)’s shares is scheduled for October-November 2020, deputy chairman of KMG’s Board for production Zhakyp Marabayev reported.

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One of the key Kazakh refineries increased processing by 2% in 2019

Atyrau refinery (Kazakhstan) produced more than 1 million tons of motor petrol by the end of 2019. Oil processing at the plant exceeded 5.3 million tons, the company's press centre reports.

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