If the case that ConocoPhillips sells its shares in the Kashagan, Kazakhstan has the priority right to purchase the shares, General Manager of KazMunaiGas, Askar Balzhanov, said. Balzhanov explained that there is a shareholders' agreement that gives KMG the priority right to buy belongs to the shareholders of the project. It was underlined that only the North-Caspian project is considered in that respect (where the share of ConocoPhillips is 8.4%). In recent years some media outlets reported about a possible withdrawal ConocoPhillips from the problematic project. Situated in the northern part of the Caspian Sea, Kashagan filed is proclaimed the world's greatest offshore oil field. |
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