gas
Oil and gas exports up in January
(SRI) - Kazakhstan exported 5.204 million tons of oil and gas condensate in January, up 16.7 percent compared to the same period last year, the State Statistical Agency reported. Export revenues in January amounted to $2.756 billion.
Kazakh oil fund to reach $90 billion in 2020
(SRI) - Kazakhstan plans to increase the assets in its sovereign fund to $90 billion by 2020 from current $24.4 billion while allocating $8 billion a year from it on industrial development, President Nursultan Nazarbayev said on Friday.
Gazprom, Hungarian bank sign South Stream deal
(AP) - Russian gas monopoly Gazprom and the state-owned Hungarian Development Bank signed a deal Friday setting up a company to develop Hungary’s part of the South Stream gas pipeline project.
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Karachaganak third development phase to cost $14.5 billion - KMG head
(SRI) - The third phase of development of Kazakhstan’s Karachaganak gas condensate field will cost about $14.5 billion, KazMunaiGas CEO Kairgeldy Kabyldin told the government last week.
Fitch expects Kazakh oil and gas credit metrics to stabilize in 2010
(Fitch) - Fitch Ratings said on January 22 it expected the credit metrics of Kazakh oil and gas companies to stabilise in 2010, following a review of 9M09 financial reports, in line with the agency’s forecast for higher oil prices. However, some risks remain.
Key energy projects may lose special tax status - Nazarbayev
(SRI) - Without naming specific projects, Kazakh President Nursultan Nazarbayev warned on Friday that foreign ventures enjoying special protective status may lose their immunity from changes in tax legislation.
Oil and gas production in Kazakhstan grows in 2009
(SRI) - Kazakhstan produced 76.4 million tons of crude oil in 2009, an 8.1-percent increase compared to the previous year, the State Statistical Agency reported.
Turkmenistan resumes gas supplies to Russia
(AFP) - Turkmenistan resumed gas supplies to Russia on Saturday, Russian state energy giant Gazprom said, after a nine-month break that raised questions about Moscow’s influence in the energy-rich state.
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Russia cuts gas to Armenia after bomb found - report
(Reuters) - Russia halted gas supplies to Armenia after a bomb was found close to a pipeline in southern Russia, Interfax news agency reported on Monday, citing the Georgian company responsible for transiting the gas.
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China, Kazakhstan unveil landmark gas pipeline
(AP) - The leaders of Kazakhstan and China jointly unveiled Saturday the Kazakh section of a natural gas pipeline that will tap into Central Asia’s vast energy riches and loosen Russia’s influence over the region.
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