Tag: Kazakhstan

OMV Petrom launches the sale of its Kazakh assets – Romania, 24 January 2020

The largest Romanian oil and gas company OMV Petrom, a part of Austrian OMV Group, has launched the sale of its oil and gas fields in Kazakhstan, its only overseas assets. The company already hired investment bank Jefferies to run the sale of its fully-owned onshore fields in the Tasbulat Area a Full article available […]

Most of Kazakh oil production reached the Black Sea – Region, 10 January 2020

In 2019, Kazakhstan produced a record 90.5 million tons of crude oil, a slight increase compared to 90.4 million tons in 2018. The steady increase in the past few years is in line with the country’s strategy to boost its oil production to 100 million tons per year by 2024. The Tengiz field pr Full […]

Kazakh-Romanian joint energy investment fund will be ready soon – Romania, 02 October 2018

State Secretary in the Ministry of Energy Robert Tudorache said that the joint investment fund, set up by KazMunayGas International (KMGI) and the Romanian Government will be ready soon. The establishment of the fund was first announced in 2013. Tudorache said that the two sides, the Romanian Min Full article available for subscribers of Energy […]