Ministry of Oil and Gas revokes 10 subsoil licenses

(SRI) - Kazakhstan’s Ministry of Oil and Gas said yesterday it had had terminated ten subsoil use licenses and issued 117 notifications of an official breach of contract terms, after completing the review of over 170 oil and gas subsoil use contracts in Kazakhstan.

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Belarus revives Russia energy feud with cut threat

(AFP) - Belarussian President Alexander Lukashenko on Friday revived an energy feud with Moscow, warning he would halt Russia’s Europe-bound oil and gas transit within two days if Moscow did not pay a debt.
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Turkey, Azerbaijan agree on gas shipments

(AP) - Turkey and Azerbaijan signed a deal on Monday that will provide 11 billion cubic meters (388 billion cubic feet) of Azeri natural gas a year to Turkey beginning as early as 2016.
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Kazakhstan, China to form joint venture to build pipeline

(SRI) - Kazakhstan and China will create a joint venture in July to build the Beyneu-Bozoy-Akbulak gas pipeline, the Oil and Gas Journal reported citing a Kazakh oil and gas executive.

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Oil and gas production up in January through April

(SRI) - Kazakhstan’s crude oil production in January through April totaled 26.22 million tons, a 7.5-percent increase compared to the same time period in 2009.

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ANALYSIS: Russian energy projects in Kazakhstan’s oil and gas sector

(SRI) - Russian oil and gas companies have begun to expand into Kazakhstan in late 1990s, as they started to implement strategic plans to grow production capacity beyond Russia’s borders.

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Kazakhstan may deport Karachaganak expat workers

(SRI) - Kazakh authorities may deport expat workers from the Karachaganak Petroleum Operating (KPO) venture, as the government steps up pressure on the sole major oil and gas project in the country without Kazakh participation.

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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.

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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.

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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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