Kazakhstan ups 2010 production forecast as TCO output grows

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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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Kazakhstan’s new export duty to affect Tengizchevroil

(SRI) - Kazakhstan reintroduced an export duty on crude oil and petroleum products, extending it to Western-led consortia developing the Tengiz and Karachaganak oil and gas fields.

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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.

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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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CPC shipments up 6.5 percent in April

(SRI) - The Caspian Pipeline Consortium (CPC), which transports Kazakh and Russian crude to the Black Sea via the CPC pipeline, shipped 760,400 barrels per day in April, up 6.5 percent from March, CPC said on its website.

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Karachaganak venture appeals court decision on tax evasion

(SRI) - The Karachaganak Petroleum Operating (KPO) has appealed a Kazakh court’s conviction of its employees for tax evasion, Bloomberg reported on Tuesday.

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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.

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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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