In 2011, TengizChevroil (TCO) held a leading position in terms of oil production in Kazakhstan (32.3%). TCO is followed by Karachaganak Petroleum Operating (15.1%), KazMunayGas'(9.9%), CNPC-AktobeMunaiGas (7.8%) and MangistauMunaiGas (7.2%). Taking into account the distribution of shares of foreign companies in subsoil users, the major share in oil production in 2011 accounted for U.S. and China, as well as Kazakhstan. |
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 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 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