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Latest KazMunayGas Stories

2011-03-29 13:39:00

ALMATY, Kazakhstan, March 29, 2011 /PRNewswire/ -- Concern is brewing amongst the international business community in Kazakhstan around the treatment of Tristan Oil, an oil and gas business. In an unprecedented move, the Prime Minister, together with the Minister of Energy, went to the headquarters of this privately owned business and told the staff they would be nationalizing the company. The Ministry submitted formal notifications to Tristan Oil's two operating companies,...

2008-11-04 12:00:21

The China National Petroleum Corporation and Kazakh state-owned energy company KazMunayGas have signed a framework agreement to expand co-operation in natural gas and pipeline operations. According to the agreement, KazMunayGas will take all necessary measures to ensure that the natural gas produced by the China National Petroleum Corporation (CNPC) from the Aktobe oilfield is transported via the Kazakhstan-China gas pipeline, in addition to supplying five billion cubic meters (bcm) of...

2008-10-10 09:00:45

The BG Group and the Kazakh national oil and gas company KazMunayGas, have signed an agreement to co-operate on a joint analysis of the Kazakh natural gas market, intended to explore a range of opportunities in natural gas utilization and downstream development. The agreement follows the completion of the BG Group's Natural Gas Study for Kazakhstan, which was submitted to KazMunayGas (KMG) in January 2008. The BG Group's Natural Gas Study focused on a number of key aspects integral to the...

2008-10-07 09:00:48

Kazakh state-owned KazMunayGas, ConocoPhillips and the Mubadala Development Company have signed a memorandum of understanding to negotiate terms for the exploration and development of the N Block, offshore Kazakhstan, under a new subsoil use contract. The parties will now have until December 31, 2008 to negotiate the definitive agreements for the assignment by KazMunayGas (KMG) of a 49% interest in the subsoil use contract to be shared equally between ConocoPhillips and the Mubadala...

2008-10-06 09:00:48

JSC National Company KazMunayGas (KMG), ConocoPhillips (NYSE:COP) and Mubadala Development Company PJSC (Mubadala) today announced that they have signed a Memorandum of Understanding (MOU) to negotiate terms for the exploration and development of the "N" Block, located in offshore Kazakhstan, under a new subsoil use contract. The parties will now have until Dec. 31, 2008 to negotiate the definitive agreements for the assignment by KMG of a 49 percent interest in the subsoil use contract to be...

2008-09-27 06:00:21

Excerpt from report by corporate-owned Russian news agency Interfax Astana, 26 September: The KazTransOil national [petroleum- transportation] company (subsidiary of the Kazakh state oil company KazMunayGaz ) does not abandon its plans to invest in the Batumi port and an oil terminal in Georgia. "An investment programme, which stipulates the further development of capacity and technical re-equipment of these facilities in accordance with the standards of the KazTransOil company, is in...

2008-09-25 09:00:48

Chevron Corporation (NYSE:CVX) today announced that its affiliate Tengizchevroil LLP has completed a major expansion at the Tengiz Field in Kazakhstan that will nearly double production capacity at one of the world's largest oil fields. The completion of the expansion brings Tengizchevroil's daily crude production capacity to 540,000 barrels. The first phase of expansion, accomplished earlier this year, increased daily capacity from approximately 310,000 barrels to 400,000 barrels....


Word of the Day
caparison
  • A cloth or covering, more or less ornamented, laid over the saddle or furniture of a horse, especially of a sumpter-horse or horse of state.
  • Clothing, especially sumptuous clothing; equipment; outfit.
  • To cover with a caparison, as a horse.
  • To dress sumptuously; adorn with rich dress.
This word ultimately comes from the Medieval Latin 'cappa,' cloak.
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