Oil and Gas Sector

25.02.2021

Kazakhstan's economy falls for 8th consecutive month due to oil output drop

The decline in the performance of the mining sector negatively affects the overall dynamics of the industry.

The decline in indicators of the mining industry, a key economic sector for Kazakhstan, continues. According to the National Statistics Bureau, in January 2021, the industrial production index amounted to 89.8% of the January...

The decline in the performance of the mining sector negatively affects the overall dynamics of the industry.

The decline in indicators of the mining industry, a key economic sector for Kazakhstan, continues. According to the National Statistics Bureau, in January 2021, the industrial production index amounted to 89.8% of the January...

25.02.2021

Tengizchevroil has no plans to pay dividends for 2020

Tengizchevroil CEO Kevin Lyon said that the oil company will not pay dividends for 2020. “Implementation of the Future Growth Project Wellhead Pressure Management Project requires huge capital. We plan to complete them within the next 2-3 years. After that we will try to continue paying dividends,” said Kevin Lyon.

The...

Tengizchevroil CEO Kevin Lyon said that the oil company will not pay dividends for 2020. “Implementation of the Future Growth Project Wellhead Pressure Management Project requires huge capital. We plan to complete them within the next 2-3 years. After that we will try to continue paying dividends,” said Kevin Lyon.

The...

25.02.2021

BatysNefteTrade and Terminalex conflict: what the oil dispute threatens to turn into

So far, the two companies are publicly exchanging tough blows, but a lot depends on the outcome of their battle, because we are already talking about cyberbullying and criminal prosecution for speaking on the Internet. For more than 2 years Terminalex and BatysNefteTrade have been suing over oil. Judge Metrekulova...

So far, the two companies are publicly exchanging tough blows, but a lot depends on the outcome of their battle, because we are already talking about cyberbullying and criminal prosecution for speaking on the Internet. For more than 2 years Terminalex and BatysNefteTrade have been suing over oil. Judge Metrekulova...

25.02.2021

Eni sees no room for big-ticket upstream projects in unbalanced market

Oil markets remain structurally unbalanced and at the mercy of policy decisions, and consequently Italy's Eni sees no scope for new large upstream investments of the kind it built its reputation on in locations such as Kazakhstan, upstream director Guido Brusco said Feb. 24.

Speaking at the online IP Week conference,...

Oil markets remain structurally unbalanced and at the mercy of policy decisions, and consequently Italy's Eni sees no scope for new large upstream investments of the kind it built its reputation on in locations such as Kazakhstan, upstream director Guido Brusco said Feb. 24.

Speaking at the online IP Week conference,...

25.02.2021

Russia expects to win big from rapidly expanding LNG market

Global liquefied natural gas (LNG) is set to grow in the next three decades and will outpace the share of pipeline gas supplies, Russian Deputy Prime Minister Alexander Novak believes.

“What the market and analysts definitely agree on is that the LNG market will at least double by 2050,” Novak, who previously...

Global liquefied natural gas (LNG) is set to grow in the next three decades and will outpace the share of pipeline gas supplies, Russian Deputy Prime Minister Alexander Novak believes.

“What the market and analysts definitely agree on is that the LNG market will at least double by 2050,” Novak, who previously...


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