Oil and Gas Industry Latest News

16.05.2014 Azerbaijani BTC to transport oil from Kazakh Kashagan field

Once the oil production at Kazakhstan's Kashagan offshore field increases, some portion of this oil will be transported via the Baku-Tbilisi-Ceyhan (BTC) pipeline, Azerbaijan's Energy Minister, Natig Aliyev said, Trend reported on May 15.

15.05.2014 Kazakhstan’s KMG EP approves dividend for 2013

On May 13, KazMunaiGas Exploration Production ("KMG EP" or the "Company") held its Annual General Meeting of shareholders, KMG’s press office said on May 14.

14.05.2014 One trillion tenges to be invested in exploration in Kazakhstan

The Kazakh deputy industry and new technologies minister, Nurlan Sauranbayev, has told a briefing in Astana that 119bn tenges will be allotted from the state budget to geological exploration in 2015-2019.

14.05.2014 Kazakhstan’s KMG EP announces new discovery in Rozhkovskoye field

KazMunaiGas Exploration Production Joint Stock Company (“KMG EP” or “the Company”) announced on May 13a new discovery in the Bashkirian tier’s sediments of the Carboniferous period in the Rozhkovskoye field.

14.05.2014 Turkmenistan, China to increase gas trade

Turkmenistan and China are each others’ largest partner in the gas sphere, which has a solid foundation and great prospects for development, Chinese President Xi Jinping said, Trend reported on May 13.

12.05.2014 Chinese CNPC invests $4 billion in gas field in Turkmenistan

China National Petroleum Corporation (CNPC) has invested around $4 billion in the industrial development of the gas-rich Bagtyyarlyk contract territory in the south of Turkmenistan, Turkmen media outlets reported on May 8, citing the country's President Gurbanguly Berdim

12.05.2014 Turkmenistan to increase power export to Afghanistan

A new thermal power plant constructed by the Turkish "Çalik Enerji Sanayi ve Ticaret A.S" plant with the capacity of 149.2 megawatts was commissioned in the Serdarabat district of Turkmenistan`s Lebap province, the Turkmen Energy Ministry reported, Trend said on May 8.

30.04.2014 Eni doubtful on Kazakh Kashagan restart in 2015

Italian oil major Eni is not counting on any production from Kazakhstan's huge Kashagan oilfield this year or possibly next due to faulty welding at the $50 billion project, its CEO designate said, Reuters reported on April 29.

30.04.2014 Oil production at Kazakhstan’s Kashagan to be resumed no earlier than 2015

The information about the final timeframe of resumption of oil production at Kazakh Kashagan field will be available in the second half of 2014, the country's Minister of Economy and Budget Planning Erbolat Dossayev told journalists on April 29, Trend has reported.

29.04.2014 Tajikistan ready to sell electricity to Kyrgyzstan and Afghanistan

Tajikistan can meet the needs of Afghanistan and Kyrgyzstan in electricity during the summer season, the country's Avesta news agency reported on April 28, Trend has said.