Economy

Economy

​Tied by oil transportation routes

Falling oil prices, as well as sharp deterioration in relations between Russia and the Western countries can reduce profitability of oil and gas industry in Kazakhstan. Kashagan oil with its high prime cost ($100 per barrel) at the times of prolonged oil price drop is not in demand. The completion of Future Growth Project in Tengiz is postponed for nearly two years, and Russia doesn't like the idea of Kazakhstan about construction of its own gas-processing plant in the West Kazakhstan Oblast, operating on raw materials from Karachaganak gas-condensate field. April 8 2015, 15:01 3 214 просмотрs

Economy

New director named in Western branch of KazTransOil

By the decision of the Board of directors Ferdinat Mamonov has been relieved of his duties as the director of the Western branch of KazTransOil "due to transition to other work". April 2 2015, 16:09 3 256 просмотрs

Economy

Dutch didn't know about "peculiarities of Atyrau land use" (+comments of the prosecutor's office)

In Atyrau a new "land" scandal is escalating. This time because of illegal allocation of land plots by the former governors of "oil capital" not only local businessmen, but also foreign investors may suffer. April 1 2015, 10:00 4 162 просмотрs

Economy

A Journey Beyond the Seven Seas

As it became known to Ak Zhaik newspaper the large-scale project of Tengizchevroil LLP  -  Wellhead Pressure Management / Future Growth Project (WPM/FGP) -  considerably rose in cost, and the date of implementation was postponed from 2019 to 2021. According to updated estimates and schedule of works, based on the results of front end engineering design the cost of the project increased from  $23,7 billion to $38,8 billion. March 27 2015, 10:15 4 599 просмотрs

Economy

“We have three foreign companies that are investing in EXPO”

The Chairman of the board of Astana EXPO-2017 National Company Talgat Ermegiyaev confirmed the information that was earlier published in AkZhaik newspaper about allocation of $50 million by the North Caspian project operator - NCOC for holding an exhibition (see “Everything was written off and still remained indebted to all” ). March 19 2015, 15:07 3 062 просмотрs

Economy

Businessmen from Atyrau met with Timur Kulibayev

On March 17, an extended meeting of the Atyrau regional council of Chamber of entrepreneurs took place in Atyrau. The chairman of the presidium of the RoK National Chamber of entrepreneurs Timur Kulibayev participated in the meeting. March 18 2015, 15:48 2 169 просмотрs

Economy

Price of liquefied gas dropped

It was reported on the website of the RoK Committee on regulation of natural monopolies and protection of the competition that the joint order of the Ministry of Energy and Ministry of National Economy has been released about the decrease in the ceiling price of wholesale liquefied oil gas - from 31 536,29 tenge to 11 033, 91 tenge per ton (VAT excluding). March 16 2015, 15:48 2 686 просмотрs

Economy

23 companies received international certificates from NCOC

On March 10, NCOC, the operator of the North Caspian Project, handed over international standard certificates to twenty three local companies that passed training and certification at the expense of the operator. March 12 2015, 12:20 3 679 просмотрs

Economy

Retired German experts teach Kazakhs how to comply to international standards (+update)

"The Fund of the German economy "The Service of Senior Experts" (SES) can help local firms to bring the work of their companies in line with international standards and to win through into TCO tenders’ participants", - says with confidence the deputy director of regional chamber of businessmen Nurzhan Ganimurat. March 10 2015, 12:59 2 985 просмотрs

Economy

FGP slows down

Even less than a month ago TCO denied information about forthcoming down-sizing  in contracting construction companies engaged in Future Growth Project (FGP at Tengiz. However, at the end of February some of activities on contracts signed between TCO and its general contractor KPJV have been stopped. March 6 2015, 17:06 11 435 просмотрs

Economy

NCOC plans to produce 450,000 barrels of oil at Kashagan

North Caspian Operating Company B.V. (NCOC), the operator of activities under the North Caspian Project, which is developing the Kashagan oil field, plans to eventually produce at Kashagan up to 450 thousand barrels of oil per day, this has been announced by deputy Managing Director of NCOC Zhakyp Marabayev at "Oil and gas construction and engineering" conference held in Atyrau city. March 5 2015, 15:33 4 609 просмотрs

Economy

CPC increased oil export by 14.5% in January-February

The Caspian Pipeline Consortium (CPC) imported 7.05 mln tons of oil in January-February, 14.48% up year on year, reports the message of the consortium. March 2 2015, 16:49 3 208 просмотрs

Economy

Omsk, Atyrau businessmen expand cooperation

On February 23, entrepreneurs from Omsk (Russian Federation) visited atyrau and offered their serives to Atyra oil businesses. February 25 2015, 15:46 2 979 просмотрs

Economy

Atyrau Refinery "optimizes" manpower

In 2015 Atyrau Refinery started the implementation of the 2nd phase of Outsourcing Program and transfer of its non-core divisions to business sector. February 25 2015, 11:43 3 562 просмотрs

Economy

TCO: “Final decision on financing FGP not adopted yet”

TCO’s general manager on government and public relations Rzabek Artygaliev officially disproved the information that was available to the editorial office about the suspension of Future Growth Project (FGP) construction activities and the forthcoming reductions of workforce at “Tengizchevroil” LLP. February 13 2015, 16:56 5 306 просмотрs

Economy

TCO reduced oil production by 1,5% in 2014

Tengizchevroil LLP (TCO) reduced oil production volumes by 1,5% down to 26,7 million tons in 2014, azh.kz reports referring to kaztag. February 13 2015, 11:43 5 887 просмотрs

Economy

TCO: “Our investments in Kazakhstan intended for decades”

Tengizchevroil LLP and the North Caspian project Operator NCOC will not reduce social packages for their staff despite reduction of oil price. February 12 2015, 16:25 3 329 просмотрs

Economy

Seven projects inside one fence

During their trip to Atyrau the Energy Minister Vladimir Shkolnik, the Minister of Investments and Development Aset Isekeshev, Majilis rep Meiram Pshembaev and Vice-Minister of Energy Uzakbai Karabalin visited the construction site of “National industrial petrochemical science and technology park”. February 10 2015, 16:15 5 253 просмотрs

Economy

City Mayor gave the report for 2014

At the House of Culture named after Kurmangazy in Zhilgorodok Atyrau city Mayort Nurlybek Ozhaev made a report about the results of social and economic development in 2014 and outlined the plans for 2015. February 9 2015, 11:22 2 961 просмотрs

Economy

FGP project in Tengiz will “be optimized”

Such statement was made by the RoK Minister of Energy Vladimir Shkolnik during a working trip to Atyrau Oblast. February 6 2015, 10:00 3 367 просмотрs

Economy

Resurfacing of Astrakhan highway started

In the last year's message of Kazakhstan President N. Nazarbayev among infrastructure projects scheduled for 2015 was the resurfacing of Aktobe – Atyrau highway till the border with the Russian Federation. January 29 2015, 17:30 2 396 просмотрs

Economy

Replacement of equipment at Kashagan will cost 100 million dollars

Ak Zhaik newspaper has learnt about the cost of the new compressors that NCOC is planning to install at the off-shore and on-shore oil and gas processing units (Bolashak processing plant) instead of old ones. Therefore, the version that one of the reasons for pipelines failure was an insufficient drying of gas at the on-shore unit was confirmed. January 23 2015, 14:30 3 824 просмотрs

Economy

Production of chemicals for oil industry planned to start in Atyrau

The Bashkir specialists intend to run the production of chemicals for the oil and gas industries in Atyrau, the Governor’s office of the region reported. January 20 2015, 05:11 2 974 просмотрs

Economy

Oil on tap

On Jan 16, the police forces of Makhambet District Department of Internal Affairs found a major oil spill on the border of Atyrau, on the 81st kilometer of the oil pipeline of the Martyshy oil field. January 16 2015, 16:48 3 965 просмотрs

Economy

Board of Directors of KazMunayGas EP changes

KazMunayGas Exploration Production JSC (KMG EP) informed about the changes in its Management Board. January 16 2015, 14:53 3 245 просмотрs