Gush of oil appears at exploration block in Mangistau rgn MANGISTAU REGION. KAZINFORM – The first gush of oil appeared in the course of geological exploration at the Bekturly Vostochny exploration block in Mangistau region, Kazinform reports with the reference to the press service of KazMunayGas JSC.
First President outlines effectiveness of economic and social policies of KMG NUR-SULTAN. KAZINFORM – On June 3 the First President of the Republic of Kazakhstan-Elbasy Nursultan Nazarbayev chaired a meeting of the Management Board of the National Welfare Fund «Samruk-Kazyna», Kazinform correspondent reports.
SOCAR, KazMunayGas mull prospects for co-op BAKU. KAZINFORM Azerbaijan’s state oil company SOCAR and the Kazakh KazMunayGas oil and gas company have discussed issues of developing partnership, as well as prospects for cooperation in various fields of the oil and gas industry, Trend reports Dec. 23 with reference to SOCAR.
KazMunayGas, Equinor sign joint exploration agrt NUR-SULTAN. KAZINFORM On September 24, 2019, Alik Aidarbayev, Chairman of the Management Board at JSC NC «KazMunayGas» («KMG») met with Tore Loseth, Senior Vice President for Exploration at Equinor ASA («Equinor»), the press service of Kazakhstan Embassy in Norway informs.
KazMunayGas, LUKOIL sign agreement on Zhenis project BAKU. KAZINFORM Chairman of the Board of NC KazMunayGas JSC Sauat Mynbayev and President of LUKOIL Vagit Alekperov signed an agreement on the principles for the Zhenis project, on June 5 in Astana, the press service of KazMunayGas said in a message.
Kazakhstan to raise annual gas exports to China to 10B cu.m. ASTANA. KAZINFORM National Company KazMunayGas JSC and China National Petroleum Corporation held bilateral negotiations in the furtherance of the agreement signed earlier by the heads of the two states, Kazinform cites the press service of the national company.
KMG EP delisting could help reduce NC KMG's gross debt: Fitch ASTANA. KAZINFORM Fitch Ratings says that the proposed minority share buyout and delisting of JSC KazMunaiGas Exploration Production (KMG EP), a 63%-owned upstream subsidiary of JSC National Company KazMunayGas (NC KMG, BBB-/Stable), should improve NC KMG's financial flexibility by giving it full access to KMG EP's cash flows and cash reserves. This could be marginally credit positive for NC KMG if the additional cash was used to reduce the group's high debt burden, Kazinform has learned from Fitch Ratings.
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KMG filling station chain selling AI-92 gasoline without restraint ASTANA. KAZINFORM KazMunayGas (KMG) filling station chain is selling AI-92 grade gasoline, the most popular in Kazakhstan, in all regions of the country without any restraint, Kazinform refers to the press service of KazMunayGaz Onimderi LLP.