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Kazakhstan News

World Oil Price Of $40/bl Makes KazMunaiGas Brown-Fields Unprofitable Kazakhstan News

World Oil Price Of $40/bl Makes KazMunaiGas Brown-Fields Unprofitable

When the world price of oil fell below $40/bl, the brown-fields owned by KazMunayGas (KMG) ceased to pay off, as reported by Gleb Luxembourg, the KMG deputy chairman for prospective production development. “With oil prices reaching the mark of $40/bl, the brown-fields are no longer profitable. However, no one says that we will close them, because when the price of a barrel goes up to $50, these fields will already reach the level of profitability," he stressed. December 25 2015, 15:43 2 070 просмотрs
Shymkent Oil Refinery Launches Production Of Sulfur Kazakhstan News

Shymkent Oil Refinery Launches Production Of Sulfur

The Shymkent oil refinery put into operation a new production facility – a plant for production of sulfur with an annual capacity of 4,000 tons, as reported by the press service of the company. The process of launching the plant included production of the first experimental batch of liquid sulfur. The project was implemented as part of the program for reconstruction and modernization of the Shymkent refinery. December 23 2015, 11:17 2 112 просмотрs