Oil and Gas Sector

14.05.2021

Russia, Kazakhstan, other CIS states announce works on midstream installations

Kazakhstan's Shymkent refinery has started its planned maintenance May 6, according to local media reports. Following its upgrade, the refinery has increased its turnaround cycle to once every three years. Its previous major maintenance was in 2018. The refinery is expected to be back in early June. Works at the...

Kazakhstan's Shymkent refinery has started its planned maintenance May 6, according to local media reports. Following its upgrade, the refinery has increased its turnaround cycle to once every three years. Its previous major maintenance was in 2018. The refinery is expected to be back in early June. Works at the...

14.05.2021

Oil supply/demand balance approaches deficit

Oil demand in 2021 will grow to 96.4 million barrels per day, which is 5.4 million b/d more than in 2020, the previous estimate of the increase has been reduced by 270 thousand b/d, follows from the report of the International Energy Agency. The adjustment took into account the change...

Oil demand in 2021 will grow to 96.4 million barrels per day, which is 5.4 million b/d more than in 2020, the previous estimate of the increase has been reduced by 270 thousand b/d, follows from the report of the International Energy Agency. The adjustment took into account the change...

14.05.2021

Tenge fails to strengthen along with higher oil prices

The National Bank explained why the rising oil price did not help the tenge to strengthen. According to the Deputy Chairman of the National Bank Aliya Moldabekova, tendencies for the weakening of the tenge were formed at the beginning of April and were caused by a reduction in investments of...

The National Bank explained why the rising oil price did not help the tenge to strengthen. According to the Deputy Chairman of the National Bank Aliya Moldabekova, tendencies for the weakening of the tenge were formed at the beginning of April and were caused by a reduction in investments of...

14.05.2021

KazMunayGas changes composition of board of directors

The composition of the Board of Directors of National Company KazMunayGas has been changed. The decision was made by the general meeting of shareholders on April 26, 2021, with reference to the information of KASE.

The following changes have been made:

Almasadam Satkaliev, member of the board of directors, Anthony Espina, member...

The composition of the Board of Directors of National Company KazMunayGas has been changed. The decision was made by the general meeting of shareholders on April 26, 2021, with reference to the information of KASE.

The following changes have been made:

Almasadam Satkaliev, member of the board of directors, Anthony Espina, member...

14.05.2021

Decision to reduce tariff of KazTransGas Aimak remains in force

Earlier, by order of the Department of the Committee for Regulation of Natural Monopolies of the Ministry of National Economy of Kazakhstan for the city of Shymkent, dated November 5, 2020, No. 135-NK, the Shymkent production branch of KazTransGas Aimak approved a tariff and a tariff estimate for services for...

Earlier, by order of the Department of the Committee for Regulation of Natural Monopolies of the Ministry of National Economy of Kazakhstan for the city of Shymkent, dated November 5, 2020, No. 135-NK, the Shymkent production branch of KazTransGas Aimak approved a tariff and a tariff estimate for services for...


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