Kashagan
ANALYSIS: Kazakhstan reasserts control over big energy projects
(bne) - On the heels of news that KazMunaiGas has signed off on the deal to increase its stake in the Kashagan project come reports Kazakhstan is close to striking a deal over the Karachaganak venture, under which the international consortium developing it would avoid export duties in return for handing over a stake.
Cost control key to Kashagan second phase - Mynbayev
(SRI) - Cost control will be key during the second phase of development of the Kashagan oil field, local news agencies quoted Oil and Gas Minister Sauat Mynbayev as saying.
Kashagan partners to delay second phase of development until 2018-19
(SRI) - The second phase of development of the Kashagan oil field has been postponed until 2018-2019, local newswires reported on Thursday, citing the chief executive of Kazakh oil and gas company KazMunaiGas.
KazMunaiGas partners up with Shell on Kashagan production
(SRI) - KazMunaiGas (KMG), Kazakhstan’s state oil and gas company, said on Friday that it has signed a partnership agreement with Royal Dutch Shell Plc to jointly manage production at the Kashagan oil field in the Caspian Sea.
Crude oil production to rise 4.7 percent in 2010 - Deputy Minister
(SRI) - Kazakhstan’s crude oil production will grow by 4.7 percent in 2010 from estimated 1.528 million barrels per day in 2009, Deputy Oil and Gas Minister Lyazzat Kiinov said at an energy conference in Paris on Wednesday.
WorleyParsons-led venture awarded Kashagan contract
(SRI) - Australian oil services group WorleyParsons said last week it has been awarded an updated contract from Shell for the second phase of development of the giant Kashagan oil field.
Eni’s investment in Kashagan totals $4.5 billion as of 2009
(SRI) - Eni SpA, the Italian oil major, reportedly invested $4.5 billion into the Kashagan oil field as of the end of 2009, according to the company’s annual report.
Government approves Kashagan budget for 2010
(SRI) - The Kazakh government has approved a budget of $8.69 billion for the development of the Kashagan oil field in 2010, Bloomberg reported citing the state oil company KazMunaiGas.
KazMunaiGas invested $1.37 billion into Kashagan in 2009 - CFO
(SRI) - KazMunaiGas invested more than KZT203 billion ($1.37 billion) in the development of the Kashagan project, the state company’s Chief Financial Officer Asiya Syrgabekova told Azeri news outlet Trend Capital last week.
KazMunaiGas proposes cutting Kashagan costs by $3 billion in 2010
(SRI) - The 2010 budget for the development of the Kashagan field in Kazakhstan could be cut to $7.4 billion from an earlier plan of $10.4 billion, Kazakh state oil and gas company KazMunaiGas (KMG) proposed last week.
