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2016-06-16 17:50:00

KASHAGAN: I'LL BE BACK

KASHAGAN: I'LL BE BACK

 

KAZAKHSTAN KASHAGAN OIL FIELD MAP

 

KAZAKHSTAN KASHAGAN OIL FIELD MAP

 

ASTANA, June 15, 2016 – TOGY said, deputy Energy Minister Magzum Mirzagaliev on Wednesday said Kazakhstan's Kashagan field is expected to come back on line in October as per directives from Prime Minister Karim Massimov.

According to local media, the prime minster instructed state-owned KazMunayGas and the Ministry of Energy to ensure the field resumes production and contributes to raising the country's output from 1.49 million bopd to 1.51 million bopd. Mirzagaliev expects initial production levels to be in the range of 75,000 bopd. By year-end 2016, output should exceed 250,000 bopd.

The Kashagan oilfield development project has been marred by delays and cost overruns. It first began producing in September 2013 but was halted two weeks later due to gas leaks. Discovered in 2000, the field's estimated recoverable reserves of around 13 billion barrels attracted some of the world's largest energy companies. The international consortium developing the field – working under the North Caspian Operating Company Umbrella – comprises China National Petroleum Corporation, Eni, ExxonMobil, Inpex, Shell, Total and KazMunayGas. In 2015, the latter sold half of its 16.8% stake in the venture.

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Earlier: 

KASHAGAN WILL RELAUNCH 

KASHAGAN WILL RESTART 

KASHAGAN: RISE $4 BLN 

BIG RESERVES OF KAZAKHSTAN 

ITALY & KAZAKHSTAN OFFSHORE

 

 

Tags: KASHAGAN, KAZAKHSTAN, OIL, GAS

Chronicle:

KASHAGAN: I'LL BE BACK
2018, November, 19, 11:20:00

U.S. SECURITIES OUTFLOW $29.1 BLN

U.S. DT - The sum total in September of all net foreign acquisitions of long-term securities, short-term U.S. securities, and banking flows was a net TIC outflow of $29.1 billion. Of this, net foreign private inflows were $23.5 billion, and net foreign official outflows were $52.7 billion.

KASHAGAN: I'LL BE BACK
2018, November, 19, 11:15:00

U.S. INDUSTRIAL PRODUCTION UP 0.1%

U.S. FRB - Industrial production edged up 0.1 percent in October, as a gain for manufacturing outweighed decreases elsewhere. As a result of upward revisions primarily in mining, the overall index is now reported to have advanced at an annual rate of 4.7 percent in the third quarter, appreciably above the gain of 3.3 percent reported initially.

KASHAGAN: I'LL BE BACK
2018, November, 19, 11:10:00

GREEN NUCLEAR ENERGY

WNN - "nuclear energy is a "mature, low greenhouse gas emission source of baseload generation that could make an increasing contribution to global development based on low-carbon energy supply".

KASHAGAN: I'LL BE BACK
2018, November, 19, 11:05:00

SAUDIS, PAKISTAN INVESTMENT: $6 BLN

ARAB NEWS - Saudi Arabia has shown investment interest in Pakistan’s largest coastal refinery, a multibillion-dollar project being set up at Khalifa Point, near Hub, Balochistan, officials have confirmed.

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