(SRI) - Russia’s energy giant Gazprom is opening representative offices in Kazakhstan and Latvia to support its operations in these countries, RIA Novosti reported.
(Thomson Financial - Forbes) - China National Petroleum Corp (CNPC), parent of listed Petrochina Co Ltd, said it has signed a framework agreement with Kazakhstan’s national oil and gas company KazMunaiGaz to expand cooperation in natural gas.
Over the first six months of this year the oil extraction in Kazakhstan increased by 7.8%, natural gas extraction by 15.6% and the production of gas condensate by 4%. The liquid hydrocarbon exports grew by 2.4% in comparison with the previous year’s figures.
(RGE Monitor) - In contrast with Iceland, Kazakhstan has $49.5 billion of reserves to weather its crisis in the short term — they would also cover the $16.9 billion of debt maturing next year, including $6.9 billion owned by banks.
(SRI) - In the first nine months of 2009, Kazakhstan produced 43.3 million tons of crude oil, 5.4 percent more than in the same period last year, and 9.1 million tons of gas condensate, a 0.5 percent increase, Interfax reported citing the National Statistics Agency.
At the same time, the country produced 24,498.3 million cubic meters of natural gas, an increase of 10.7 percent.
(SRI) - Kazakhstan expects its crude oil exports to slightly increase in 2008, to 62.8 million tonnes, according to Deputy Energy Minister Lyazzat Kiinov.
(SRI) - Kazakhstan raised its crude oil and equivalent production to 52.2 million tons in the first nine months of 2008, a 4.1 percent increase compared to the same period last year, Interfax reported on Monday.
(Fitch Ratings) - Fitch Ratings says in a special report published today that the Kazakhstani oil and gas industry is poised for strong growth, albeit with certain operational and financial risks inherent in its development.
(SRI) - Kazakhstan exported 35.7 million tons of oil and gas condensate in the first seven months of 2008, 1.1 percent less than in the same period last year, Interfax reported citing the National Statistics Agency.
(www.defsec.info) - Turkey’s Energy Minister Hilmi Guler called on Azerbaijan and Turkmenistan to cooperate with Turkey in energy/drilling projects in the Black Sea and make joint energy investments, on Tuesday in a Baku energy conference.