Oil and Gas Sector

23.05.2018

Kazakhstan exceeds annual oil production plan in 2018

According to the estimates of the Ministry of Energy, Kazakhstan will over-fulfil its oil production plan in 2018, exceeding the target of 87 million tonnes, Energy Minister Kanat Bozumbayev said.

"In 4 months of this year, the country's production reached 30 million tonnes, showing an increase of 6% over the same...

According to the estimates of the Ministry of Energy, Kazakhstan will over-fulfil its oil production plan in 2018, exceeding the target of 87 million tonnes, Energy Minister Kanat Bozumbayev said.

"In 4 months of this year, the country's production reached 30 million tonnes, showing an increase of 6% over the same...

23.05.2018

Parliament deputies worked out recommendations on development of oil and gas sector

After Minister of Energy Kanat Bozumbaev delivered a report on the development of the Kazakh oil and gas sector, the deputy Speaker of Parliament noted that the deputies are provided with full legislative support for this sector. This is evidenced by the adoption of the Code on Subsoil Use that...

After Minister of Energy Kanat Bozumbaev delivered a report on the development of the Kazakh oil and gas sector, the deputy Speaker of Parliament noted that the deputies are provided with full legislative support for this sector. This is evidenced by the adoption of the Code on Subsoil Use that...

23.05.2018

Transneft will pay dividends for 2017 at 54.9 billion rouble

iIn 2018 Transneft, the operator of Kazakhstan’s upstream lifelines to the Russian Black Sea terminal of Novorossysk and to China, will pay out almost the same amount to dividends as in 2017.

This was announced by the president of Transneft, N. Tokarev.

The head of the company said that on May 17,...

iIn 2018 Transneft, the operator of Kazakhstan’s upstream lifelines to the Russian Black Sea terminal of Novorossysk and to China, will pay out almost the same amount to dividends as in 2017.

This was announced by the president of Transneft, N. Tokarev.

The head of the company said that on May 17,...

23.05.2018

China’s CEFC, the potential buyer of Rompetrol, defaults on bond payments

CEFC Shanghai International, a subsidiary of the Chinese group CEFC Energy, missed bond payments totaling USD 327.3 million, becoming the latest private Chinese company to default amid a crackdown on financial risk, according to Reuters.

CEFC signed an agreement in December 2016 with Kazakhstan’s state-owned company KazMunayGas for the acquisition of...

CEFC Shanghai International, a subsidiary of the Chinese group CEFC Energy, missed bond payments totaling USD 327.3 million, becoming the latest private Chinese company to default amid a crackdown on financial risk, according to Reuters.

CEFC signed an agreement in December 2016 with Kazakhstan’s state-owned company KazMunayGas for the acquisition of...

23.05.2018

How Many Nostrum Oil & Gas analysts are bullish?

Among 5 analysts covering Nostrum Oil Gas Plc (LON:NOG), 4 have Buy rating, 0 Sell and 1 Hold. Therefore 80% are positive. Nostrum Oil Gas Plc had 16 analyst reports since December 7, 2017 according to SRatingsIntel.

Peel Hunt maintained the stock with “Buy” rating in Thursday, January 4 report. The...

Among 5 analysts covering Nostrum Oil Gas Plc (LON:NOG), 4 have Buy rating, 0 Sell and 1 Hold. Therefore 80% are positive. Nostrum Oil Gas Plc had 16 analyst reports since December 7, 2017 according to SRatingsIntel.

Peel Hunt maintained the stock with “Buy” rating in Thursday, January 4 report. The...


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