oil
Is Astana losing leverage with foreign energy conglomerates?
(EurasiaNet) - The trouble on Kazakhstan’s energy sector is related mostly to the global economic crisis but a backlash factor also may be at work, in which international energy companies start to push back against the hardball tactics that Kazakhstani leaders have been employing in recent months.
Oil export duty should be revised more often - Mynbayev
(SRI) - The Kazakh Ministry of Energy and Mineral Resources suggests that the oil export duty should be revised more often, Interfax reported on Monday.
Oil chronicles: One hot summer
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.
ANALYSIS: Despite the “sudden stop” Kazakhstan won’t be calling on the IMF for help
(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.
OMV’s Petrom plans to boost Kazakh oil production
(SRI) - Petrom S.A., a subsidiary of Austrian OMV, plans to boosts its Kazakh oil production to at least 10,000 barrels of oil a day (bpd) by 2009, Interfax reported on Tuesday.
Kazakhstan’s oil and gas production up for the year through September
(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.
Kazakhstan’s exports expected to rise in 2008
(SRI) - Kazakhstan expects its crude oil exports to slightly increase in 2008, to 62.8 million tonnes, according to Deputy Energy Minister Lyazzat Kiinov.
Kazakhstan oil production up 4.1 percent through September
(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.
KazMunaiGas to develop offshore field with ConocoPhilips, Mubadala
(SRI) - KazMunaiGas, the Kazakh national oil company, signed a memorandum of understanding with ConocoPhillips and Mubadala Development Company to explore and develop the N Block, an offshore field in the Caspian Sea, the company said on Sunday.
Kazakhstan cancels oil refinery plans in Georgia
(Reuters) - Kazakhstan, one of the biggest foreign investors in Georgia, has ditched plans to build a $1 billion oil refinery in the Caucasus country, an industry source told Reuters on Wednesday.
