Kazakhstan and KPO still in talks over Karachaganak field.

By bne IntelliNews August 15, 2011
The Kazakh government and Karachaganak Petroleum Operating continue negotiations over issues related to Karachaganak field, PM Karim Masimov has informed. Possibility and conditions for the government to buy a stake in the project dully depend on commercial terms to be finalized during the negotiations. To remind you, Kazakhstan announced its intention t o buy a stake in the projects in 2009. Since then, a pressure on the consortium is mounting. Reportedly, the consortium agreed to sell a 10% stake to the Kazakh government however the terms of the transaction are unknown. Karachaganak is the only large gas project in Kazakhstan in which national oil and gas holding KazMunayGas has no stake.

Related Articles

Kazakhstan in talks with McDonald's.

Kazakhstan is in talks over McDonald's enter to the Kazakh market, President of the Eurasian Franchising Association, Beknur Kissikov has said. He added that the main reasons that McDonald's is ... more

Kazakhstan to establish institute for energy and energy effectiveness.

Kazakhstan will establish institute for energy and energy effectiveness, deputy PM and Minister of Industry and New technologies Aset Isekeshev has informed. The new entity should start operating ... more

Kazakhstan to diminish oil products imports from Russia.

Kazakhstan plans to diminish oil products imports from Russia, according to Kuandyk Kulmurzin Director of oil industry development department in Oil and Gas Ministry. He explained that the reason ... more

Notice: Undefined index: subject_id in /var/www/html/application/controllers/IndexController.php on line 335
Dismiss