Business Events

18 Nov 2011
Gazprom, KazMunaiGaz eye joint development of Caspian fields
Russian and Kazakh gas companies Gazprom and KazMunaiGaz are eyeing opportunities for joint development of gas fields - Imashevskoye and Tsentralnoye - in the Caspian Sea, according to a statement issued by the Russian gas giant after talks between the two companies' CEOs Alexei Miller and Bolat Akchulakov.

6 Oct 2011
Kazakh Minister hopes for increase in oil reserves due to unestimated resources
Kazakh Oil and Gas Minister Sauat Mynbayev believes that the volume of unextracted oil in Kazakhstan could be even more than the measured reserves.

4 Oct 2011
Kazakh Oil & Gas Ministry to expand Tengiz oil field
Kazakh Ministry of Oil and Gas is studying the issue of expanding Tengiz oil field, Minister Sauat Mynbayev made public at KAZENERGY-2011 Forum on Tuesday in Astana.

4 Oct 2011
VI Eurasian Forum KAZENERGY kicks off in Astana
VI Eurasian Forum KAZENERGY-2011 has been started at the Astana Palace of Independence today.

27 Sep 2011
Nazarbayev received President of CITIC Group Tian Guoli
President Nursultan Nazarbayev has received President of CITIC Group Tian Guoli; the President's press service reports.

26 Sep 2011
Nazarbayev received PM Massimov
President Nursultan Nazarbayev has received Prime Minister Karim Massimov; the President's press service reports.

22 Sep 2011
Kazakhstan's KazMunaiGaz, China's Sinopec ink MOU for oil development
Kazakhstan's KazMunaiGaz and China's Sinopec have signed a memorandum of understanding agreeing to work together in multiple projects in Kazakhstan, KazMunaiGaz said Thursday.

17 Sep 2011
Kashagan field holds 10 billion barrels of oil and 1 trillion cubic meters of gas - Nazarbayev
Probable oil reserves at the Kashagan field in the Caspian Sea, the development of which is currently underway in Atyrau region, make at least 10 billion tons of oil. And gas reserves - more than 1 trillion cubic meters.

16 Sep 2011
First crude production at Kashagan field to start in late 2012 - Nazarbayev
Start of the first crude production at the Kashagan field in Kazakhstan's sector of the Caspian Sea by is not to be rescheduled.

2 Sep 2011
US VP Biden Warns Czechs Over Russian Nuke Contracts
US Vice-President Joe Biden warned Czechs and the rest of Europe against overreliance on Russian power supplies and flagged up an American offer to build new nuclear power stations in the country on his 2009 visit to Prague, leaked diplomatic dispatches released by the whistle blowing site WikiLeaks have revealed.

31 Aug 2011
BP and Reliance Commence Strategic Alliance for India
Reliance Industries Limited (RIL) and BP today announced the completion of BP’s acquisition of a 30 per cent stake in 21 oil and gas production sharing contracts (PSCs) that Reliance operates in India, including the producing KG D6 block.

31 Aug 2011
Gazprom Posts Huge $16 Bn First Quarter Profits
Gazprom on Tuesday announced colossal profits of $16.24 billion for the first quarter, one of the biggest interim profits in history and driven by high global energy prices.

2 Aug 2011
Forest Oil announces second quarter 2011 results
Forest Oil Corporation (NYSE:FST) (Forest or the Company) today announced financial results for the second quarter of 2011. The financial results include the operations of Forest’s Canadian subsidiary, Lone Pine Resources Inc. (Lone Pine) (NYSE: LPR) (TSX: LPR). Pro forma results for the three months ended June 30, 2011 and 2010, excluding the operations of Lone Pine, are also provided to facilitate comparison of Forest’s ongoing operations giving effect to the anticipated spin-off of Forest’s ownership in Lone Pine.

2 Aug 2011
ConocoPhillips-Origin Energy FID on CSG-LNG project
ConocoPhillips and partner Origin Energy Ltd. made a final investment decision on Phase 1 of their proposed 2-train coalseam gas-LNG project in Queensland.

16 Jun 2011
Caspian Sea legal status to be determined soon - Kazakh Vice FM
The issues regarding the legal status of the Caspian Sea and interstate cooperation in development of Caspian resources were discussed at the sitting on creation of favorable political and economic conditions for Caspian shelf development on Thursday in Astana.

6 Jun 2011
Kazakhstan, Malaysia agreed on oil and gas cooperation
"Kazakhstan and Malaysia have agreed on cooperation in oil and gas sector," Malaysian PM Najib Razak told a press conference following the talks with Kazakh President Nursultan Nazarbayev.

3 Jun 2011
KMG and CNPC inked Agr't on scientific-technical and innovation coop
Within Hu Jintao's official visit to Kazakhstan national Company KazMunayGas JSC (KMG) and China National Petroleum Corporation (CNPC) have signed an Agreement on scientific-technical and innovation cooperation.

3 Jun 2011
PM, Chevron representative met
Prime Minister Karim Massimov has met today with Managing Director of the Chevron Eurasia Business Unit in Azerbaijan, Georgia, Kazakhstan, Russia and Turkey Scott E. Davis, the PM posted it on his Facebook page.

2 Jun 2011
Kazakh consul: Cooperation with Belarus in oil refining benefits Kazakhstan
Developing cooperation with Belarus in oil refining is beneficial to Kazakhstan, Honorary Consul of Kazakhstan to Belarus Chermen Shokanov told the First TV Channel on 1 June; Kazinform refers to BelTA.

1 Jun 2011
Gazprom nominates Akimov, Mau to replace officials on board
OAO Gazprom named Andrei Akimov, the head of OAO Gazprombank, and Vladimir Mau, a rector of a Russian university, as candidates to represent the government on the board, the gas exporter said in an e-mailed statement, Kazinform refers to Bloomberg.