Russian oil major LUKoil plans to invest over USD 3.2bn in its assets in Kazakhstan. The investments will be made in ,,short term", Andrey Kirillov, the director of LUKoil Ovesrseas Kazakh unit has stated. LUKoil is currently involved in 6 production, 3 geological and 1 infrastructure project in Kazakhstan. The investment are to be earmarked mainly for drilling wells and infrastructure development as well as the completion of program of associated petroleum gas utilization at all production projects. |
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