energy
Kazakhstan Energy Roundup - August 28, 2008
Oil firms’ deal with Kazakhs over Kashagan is a temporary reprieve
(bne) - After more than a year of often-tense negotiations, the Kazakh government is due to finalise an agreement with the consortium developing the enormous Kashagan oilfield in September.
Talks on major Kazakh oilfield end
(BBC Monitoring - redOrbit) - Luciano Vasques, the regional director of the Agip KCO consortium, which is developing Kashagan, told the Kazinform state agency in an interview that the extraction of oil in Kashagan could start before October 2013.
Kazakhstan Energy Roundup - August 27, 2008
Indian ONGC to buy Imperial Energy for $2.58 billion
(Bloomberg) - Oil & Natural Gas Corp., India’s biggest exploration company, agreed to buy Imperial Energy Plc for 1.4 billion pounds ($2.58 billion) to tap Siberian deposits and make up for dwindling output at home.
Agreed offer for Imperial may spark bidding war (Telegraph)
KazMunaiGas loan to be signed this week
(SRI) - The RBS/ABN Amro and Credit Suisse-lead syndicated loan for KazMunaiGas, the Kazakh national oil company, is expected to be signed this Thursday.
Russia’s power play could shift oil flows (TheStreet.com)
Kazakhstan Energy Roundup - August 26, 2008
ONGC faces roadblock in Imperial buy
(Economic Times) - State-run explorer ONGC’s move to acquire UK-based oil firm Imperial Energy for about $2.8 billion may hit a road block as it has already exhausted its investment limit.
Explosion in Georgia damages cisterns with Kazakh oil
(TREND) - Due to an explosion, which occurred on Sunday near Gori, 14 cisterns with oil, transported through Georgia from Kazakhstan to the port of Batumi, were damaged.
Korean oil firm has no Imperial designs
(Forbes) - Sources with Korea National Oil Corp. said the state-run oil company had never expressed interest in buying FSU-focused Imperial Energy.
Transmeridian Exploration extends consent payment deadline and expiration time for 12% senior secured notes due 2010 (FOX Business)
Fitch release on KazMunaiGaz National Company
August 22, 2008 - Fitch Ratings has affirmed Kazakhstan-based KazMunaiGaz National Company’s RDGZ.KZ (NC KMG) ratings at Long-term foreign and local currency Issuer Default rating (IDR) ‘BBB’, senior unsecured ‘BBB’ and Short-term foreign currency IDR ‘F3′. The Outlooks for the Long-term IDRs are Negative.
LyondellBasell’s PE and PP technologies selected by Kazakhstan Petrochemical Industries
August 22, 2008 - Kazakhstan Petrochemical Industries Inc. LLP, in which LyondellBasell is holding a minority interest, has selected LyondellBasell’s polyethylene (PE) and polypropylene (PP) technologies for three new plants that will have a combined capacity of 1300 KT of polyolefins per year.
Kazakhstan Energy Roundup - July 25, 2008
Kazakh lines entering 5 years of intensive investment
(Oil and Gas Journal) - Kazakhstan’s oil and gas pipeline operators are set to embark on intensive investment programs over the next 5 years to capitalize on favorable oil and gas industry fundamentals.
Kazakh connection: Kazakhstan says it still backs BTC pipeline
(Wall Street Journal) - Kazakhstan has no intention of backing out of the big BTC pipeline project that runs through Georgia, despite recent suggestions it was mulling such a move.
Kazatomprom aims for top nuclear spot
As the nuclear industry enjoys a global revival, Kazatomprom is positioning itself to overtake Cameco as the world’s largest producer of uranium. It said in July that it expects to achieve this as early as next year, rather than in 2010 as originally planned.
Kazakhstan Energy Roundup - August 22, 2008
Kazakhstan considers to divert oil export route from BTC to Russia
(Hurriyet) - Kazakhstan is considering pumping its oil through Russia as an alternative to the Baku-Tbilisi-Ceyhan (BTC) pipeline due to increased security concerns over the clashes in the Caucasus.
Kazakhstan replaces state oil company CEO
(Reuters) - Kairgeldy Kabyldin, 55, until now chairman of Kazmunaigas, had taken over from Serik Burkitbayev, 50, as chief executive.
CNPC subsidiary starts drilling oil and gas wells in Kazakhstan (Interfax)
Kazakhstan Energy Roundup - July 31, 2008
Export ban and increased export duty can reduce price for diesel fuel and gasoline - Nar Oil (SRI)
Hungary’s MOL also eyes Oman’s 7% CPC stake - paper
(Portfolio.hu) - Hungarian oil and gas group MOL has also set eyes on the pipeline linking the world’s sixth-largest oil field Tengiz with the Black Sea, as Oman is selling its 7% interest in the Caspian Pipeline Consortium.
Energy companies of Central Asia developing methods to improve power transmission in region (TREND)
Caspian Services takes delivery of two 41 Foot, shallow water, oil & gas exploration boats (Business Wire)
Export ban and increased export duty can reduce price for diesel fuel and gasoline - Nar Oil
(SRI) - Temporarily banning exports and increasing export duties on oil and petroleum products can reduce price for combustive-lubricating materials (CLM), said Sultan Ushbayev, the chairman of the Board of Directors of oil industrial group Nar Oil, according to Kazakhstan Today.
