(SRI) - Kazakhstan and a group of Western oil companies developing the giant Kashagan field signed a final agreement on the future of the project, as they concluded a stand-off that drew itself since August of 2007.
(SRI) - Kazakhstan and AgipKCO, the consortium of oil companies developing the giant Kashagan oil field, hope to sign a final agreement over the project on Friday, putting an end to a dispute that started almost 18 months ago.
(Reuters) - Kazakhstan is determined to start commercial output at the giant Kashagan oilfield in 2013, a senior official said on Wednesday, but a Western consortium developing the project said it may start even earlier.
(SRI) - All companies in the consortium that develops the huge Kashagan oilfield in Kazakhstan will get stakes in an operating company that will manage the project once it starts commercial production by 2013, Reuters reported on Tuesday.
Kazakhstan said on Friday state oil company KazMunaiGas would create a joint venture with Royal Dutch Shell Plc to handle the production segment of the Kashagan oil field.
Kazakhstan’s giant Kashagan field in the Caspian Sea is unlikely to start commercial production until 2014, Timur Kulibaev, President Nazarbayev’s son-in-law and president of Kazakhstan’s oil association KazEnergy said on Thursday.
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.
(SRI) - Kazakhstan will revise the Production Sharing Agreement with the consortium of oil companies developing the Kashagan field to reflect new arrangements reached last month, Kazakh Minister of Energy and Mineral Resources said on Wednesday.
Kazakhstan and Azerbaijan have culminated years-long negotiations with agreements that increase the amounts of Kazakhstani oil to be shipped across the Caspian Sea, supplementing Azerbaijani crude in the Baku-Tbilisi-Ceyhan (BTC) pipeline.
Kazakhstan, with its vast reserves of hydrocarbons, is on a path to become a petro-power on a global scale. That, at least, is the plan of the Kazakh government, oil companies with access to the rich oil fields of Kazakhstan, and those seeking alternatives to OPEC oil.