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KazMunaiGas Exploration
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16 июня, 19:42

KMG EP purchases remaining shares in Karpovskiy Severniy

JSC KazMunaiGas Exploration Production (KMG EP) reported acquiring 49% share in Karpovskiy Severniy LLP (KS) from MOL Hungarian Oil & Gas PLC for $1. KMG EP now owns a 100% interest in KS after exercising its priority right to purchase a share in KS in accordance with the shareholder agreement.

25 марта, 15:00

Will Aramco IPO Investors Get Burned?

Saudi Arabia’s state-owned oil company is floating a piece of its equity. The Aramco IPO is interesting... but not necessarily a good buy for retail investors.

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19 февраля 2016, 20:05

KMG EP plans appraisal wells in flank of S. Nurzhanov field

JSC KazMunaiGas Exploration Production (KMG EP) is planning to drill two appraisal wells in the northeastern flank of the S. Nurzhanov field.

04 февраля 2016, 00:57

Plastics Industry Latest Victim Of Low Oil Prices

Energy companies aren’t the only victims of the persistent plunge in oil prices. Now the plastics industry is beginning to take a hit. South Korea’s biggest chemical company, LG Chem, is abandoning plans to build a $4.2 billion plastics complex in Kazakhstan, citing rising costs for such a facility and the low cost of oil. Nearly five years ago, LG Chem had agreed to build the plastics complex near Atyrau in western Kazakhstan in a 50-50 joint venture with Kazakhstan Petrochemical Industries (KPI). The state-owned KazMunaiGas Exploration…

01 февраля 2016, 23:47

Six OPEC Members, Plus Russia, Now Open to Emergency Meeting

Oil prices have whipsawed back and forth over the past two weeks, largely due to the rise and fall of expectations that OPEC might call an emergency meeting. Comments from several Russian oil executives and government officials sent oil prices surging at the end of January. Then prices retraced their gains when officials from OPEC dismissed the stories as just rumors. Nothing had changed, OPEC officials argued, even though some people in Russia were hinting at a meeting. But the rumors persist. The latest fuel to the rumor fire is the fact that…

01 февраля 2016, 23:47

Unrest In Moldova After Shady Energy Deals

The anti-government protests in Moldova are not just about political power; they are also driven in part by a desire for greater transparency. One source of protesters’ ire is electricity or, specifically, the tangled system under which electrical power is generated and distributed in the country. It is one thing that power prices have increased by about 37 percent since last November, Moldovans grumble. But it is quite another when no one — not even government officials — can state who actually owns the company that provides…

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28 сентября 2015, 18:58

Iskaziev named chief executive officer KMG EP

Kurmangazy Iskaziev has been appointed general director (chief executive officer) of Kazakhstan oil producer JSC KazMunaiGas Exploration Production (KMG EP). He had served as chief executive officer of JSC Embamunaigas, one of the core production assets of KMG EP.