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News about Agip KCO
The Kazakhstan Oil Rush Last week in Astana the members of the Kazakhstan parliament once again expressed their disappointment with foreign investors, preferring to bring in the republic shirts and aluminium trays with a price tag of several thousand Kazakhstan to control Caspian crude supplies  Kazakhstan plans to control the supplies of its crude through the Caspian Sea. Currently, the government is involved in difficult negotiations with its partners for a 51 percent control stake in the Kazakhstan Caspian Transportation Caspian Sea yet to see new discoveries, says Shell executive  Royal Dutch Shell has been one of the first foreign investors, which started its activities in Kazakhstan. Cooperation of one of the largest international oil company with oil-rich republic of the former Soviet Union has The creation of a new operating company rules out operatorship in Kashagan  The government of Kazakhstan and the consortium AGIP KCO have recently signed in Astana agreements that dot the I’s and cross the T’s in the difficult negotiations on Kashagan that lasted almost a year and Kazakhstan, ENI-led consortium sign final Kashagan deal  After months of tense negotiations, Kazakhstan and a group of Western oil majors developing the massive Kashagan oilfield signed a revised agreement on the future of the longdelayed project on October 31. The final deal Foreign companies boost their Kashagan activities No event in Kazakhstan’s oil industry remains without due attention and reaction from foreign partners. As soon as the negotiations between the Kazakh government and the AGIP KCO shareholders more or less defined the future Officials address Kashagan field delays Astana has hosted the Third Eurasian Energy Forum Global Challenges and Energy Solutions sponsored by the Association of Oil Producing Companies of Kazakhstan KazEnergy. The main news discussed in the lobbies of the forum was Kashagan development postponed until 2013  One of the most influential figures in Kazakhstan’s oil industry, Timur Kulibaev, is the head of the KazEnergy Association, which includes all foreign and local energy companies. The association of legal entities The Kazakhstan Association Kashagan field oil production delayed  Kazakhstan’s Minister of Energy and Mineral Resources Sauat Mynbaev said foreign participants in the Agip KCO consortium have proposed postponing the beginning of commercial production for another couple of years in Kazakhstan’s Kashagan oil field. Kazakh Parliament ratifies agreement on Azeri BTC Kazakhstan’s Parliament on March 26 approved of the bill on ratification of the agreement with Azerbaijan on support and assistance to transportation of oil from Kazakhstan via the Caspian Sea and Azerbaijan to the international The Kashagan Saga: the end or just the beginning? The long and difficult negotiations over Kazakhstan’s oil-rich Kashagan field finished a day before the peaceful and amicable period would cross over to a litigation phase.Kazakhstan Minister of Energy and Mineral Resources Sauat Mynbaev announced No final agreement yet on Kashagan oil field International investors taking part in the Agip KCO signed a memorandum on December 21 on the continuation of talks on the Kashagan project, a source with the KazMunaiGaz company told Interfax. “A memorandum on further Dutch ambassador calls for stable investment climate  The Netherlands, whose company Royal Dutch Shell is involved in a dispute with Kazakhstan over the giant Kashagan oil field in the Caspian Sea, hopes the Central Asian state will maintain a predictable investment climate. ExxonMobil wants to become Kashagan field operator  US energy giant ExxonMobil is seeking to become the operator of the project to develop Kazakhstan's Kashagan offshore Caspian oil field, whose oil reserves are put at a minimum of seven billion barrels and its Ministry threatens AGIP with new sanctions The Kazakh Environmental Protection Ministry intends to suspend the activities of Agip KCO via court authority if the consortium does not present a plan for reacting to environmental complaints by November 22, Interfax reported. “A Nazarbayev signs subsoil law, throws investors into a tailspin  The head of Kazakhstan recently signed the amendments to the Law On Subsurface and Subsurface Use that had lately become a subject of heated discussions about the worsening of the investment climate in Kazakhstan. In More talks planned to resolve Kashagan project conflict  There will be more talks in an attempt to resolve the conflict between Kazakhstan’s government and the international consortium developing the Kashagan oil field over the schedule and budget of the project, a press release Kazakhstan fines Chevron, threatens ENI’s Agip KCO The Kazakhstan government on October 3 imposed a fine for ecological violation of more than USD half a billion on a Chevron-led oil consortium that operates the giant Tengiz oilfield, in a move that may Nazarbayev, Prodi address Kashagan issue Kazakh President Nursultan Nazarbayev and Italian Prime Minister Romano Prodi reportedly agree that the situation surrounding the Kashagan project should not be politicised."Prodi and Nazarbayev are unanimous that politics should not be brought into this. NGOs say Kashagan oil operations should not resume A coalition of NGOs monitoring the detrimental impacts of the Kashagan oil field in Kazakhstan on September 13 urged the European Commission, the Italian government and public and private financial institutions to conduct a full |
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