Oil and Gas Industry Latest News

28.04.2014 Kazakh KMG EP increases production in Q1 2014

KazMunaiGas Exploration Production (“KMG EP” or “the Company”) announced its operating results for the first quarter of 2014 on April 25.

28.04.2014 India interested in Kazakh Abay oil block

India can undertake the development of Kazakhstan's Abay oil block, Indian First Deputy Oil and Gas Minister, Saurabh Chandra said on April 25, Trend reported on April 26.

23.04.2014 Total expects nothing from Kazakh Kashagan field in 2014

Kashagan, Kazakhstan’s largest oilfield that’s been halted following a leak, will probably go without any output this year and may yield a small quantity next year, said Total SA (FP), which owns a portion of the venture, Bloomberg reported on April 22.

23.04.2014 S&P; affirms Kazakh KazMunaiGas at 'BBB-/kzAA'

Standard & Poor's Ratings Services affirmed its 'BBB-' long-term corporate credit rating on Kazakhstan's National Oil And Gas Company KazMunaiGas (KMG), the rating agency reported on April 22, said Trend. The outlook is stable.

22.04.2014 Kazakh fund to develop small petrochemical businesses

The small business support fund Damu is ready to finance the development and small- and mid-size petrochemical businesses, fund board chairman Lyazzat Ibragimova told a briefing in Astana on April 21.

22.04.2014 Azerbaijan, Turkmenistan discuss energy cooperation

Azerbaijan and Turkmenistan have mulled the development of cooperation in the oil and gas sector, Azernews reported on April 21.

18.04.2014 Fitch upgrades KazTransGas, subsidiaries

Fitch Ratings has upgraded KazTransGas JSC's (KTG) and its fully-owned subsidiaries, Intergas Central Asia JSC's (ICA) and KazTransGas Aimak JSC's (KTGA), Long-term Issuer Default Ratings (IDRs) to 'BBB-' from 'BB+'. The Outlook is Stable, Trend reported on April 17.

18.04.2014 Kazakhstan, Total to cooperate in solar energy area

Kazakh Oil and Gas Ministry and French company Total signed a memorandum of understanding to develop cooperation in solar energy area, the ministry's press service said on April 17, Trend has said.

18.04.2014 Kazakh oil and gas production down in first quarter

Oil, gas condensate and gas production decreased in Kazakhstan in the first quarter of 2014, the Kazakh Statistics Agency said, Trend reported on April 18.

17.04.2014 Chinese CNPC may start oil production in Uzbekistan in 2015

CNPC is going to begin oil production at the Mingbulak deposit in Uzbekistan’s Namangan Region. By summer, CNPC will finish drilling at a licensed block where hydrocarbons were found.