Kazakhstan Chamber of Commerce in the USA


Cameron inks $1bn deal in Kazakhstan 0

Posted on July 02, 2013 by KazCham

Courier Mail, July 01, 2013

BRITISH Prime Minister David Cameron signed a strategic cooperation agreement as well as $US1.0 billion ($A1.10 billion) in deals with Kazakhstan on Monday during his first visit to the energy-rich ex-Soviet state.

Cameron and Kazakh President Nursultan Nazarbayev also unveiled an oil and gas processing plant on the shores of the Caspian Sea which is intended to provide a new reliable source of energy for European countries.

The British PM played up the importance of Kazakhstan to regional security as he wound down a swing through the region that included visits to Pakistan and Afghanistan.

“Kazakhstan is on the rise … a country that wants to play a bigger role in the region and in the world. Not just an emerging market, but an emerging power,” Cameron said on Monday.

He also noted that the Kazakh government had recently ratified an air route agreement that offered Britain “a new northern route to bring our kit home from Afghanistan.”

Cameron added that the two countries “have opened a new chapter in our relationship” by signing a strategic partnership agreement that underscored the importance of their growing ties.

Plans to construct a European- and US-backed natural gas pipeline called Nabucco have already fallen through and Western powers are now seeking to hammer out a new strategy to establish closer contacts with nations such as Kazakhstan.

Officials said the deals besides energy also covered infrastructure projects as well as those in the IT field.

“Our country is interested in having close relations with Britain,” Nazarbayev said at a joint press appearance with Cameron.

“I am confident that the documents that we have prepared, as well as our negotiations, will give a new impulse to economic and political cooperation between our countries.”

Kazakhstan is seen as one of the more neutral Central Asian countries that enjoys equally good relations with Russia and China as well as the West — despite periodic criticism by Washington and Brussels of its human rights record.

Nazarbayev has also hired former British prime minister Tony Blair as the nation’s image consultant who has been tasked with improving Kazakhstan’s attraction to investors.

The British PM and Nazarbayev jointly unveiled the Bolashak on-shore oil and gas processing facility that operates with involvement from the Anglo-Dutch giant.

The plant is stationed on the Kashagan oil and gas field — one of the largest deposits found in Central Asia.

It is due to process 450,000 barrels of oil and 8.8 million cubic metres of gas daily by the time it becomes fully operational.

National fund receipts from oil sector enterprises in 2009 exceeded size of fund transfers 0

Posted on May 18, 2010 by KazCham

Astana. May 17. Kazakhstan Today – The National fund receipts from the oil sector enterprises in 2009 have exceeded the size of the fund transfers for the republican budget. The Minister of Finance of Kazakhstan, Bolat Zhamishev, informed of execution of the republican budget for 2009 today at the government meeting and the Accounting Committee for Control over Execution of the Republican Budget, the agency reports.

“Despite the difficult economic situation, National fund receipts from the oil sector enterprises have exceeded the size of the National fund transfres for the republican budget in 2009 by 24.8,%” B. Zhamishev informed.

SOURCE: http://kt.kz/?lang=eng&uin=1133435041&chapter=1153517205

Oil and gas production up in January through April 0

Posted on May 17, 2010 by KazCham

(SRI) – Kazakhstan’s crude oil production in January through April totaled 26.22 million tons, a 7.5-percent increase compared to the same time period in 2009.

In April, crude oil output was 6.44 million tons.

Natural gas production in January through April rose 8.9 percent to 12.76 billion cubic meters (bcm). In April, the output amounted to 3.00 bcm.

SOURCE: http://silkroadintelligencer.com/2010/05/17/oil-and-gas-production-up-in-january-through-april/

CPC shipments up 6.5 percent in April 0

Posted on May 08, 2010 by KazCham

(SRI) – The Caspian Pipeline Consortium (CPC), which transports Kazakh and Russian crude to the Black Sea via the CPC pipeline, shipped 760,400 barrels per day in April, up 6.5 percent from March, CPC said on its website.

The consortium transported 22.812 million barrels of CPC Blend CPC-E in April compared to 22.133 million barrels in March.

CPC shipped 34.6 million tons of crude last year and 31.5 million tons in 2008.

The 1,510-kilometer (940-mile) pipeline connects oil fields in western Kazakhstan with the Russian Black Sea port of Novorossiisk. CPC’s capacity is expected to rise to 67 million tons of oil per year, with 50 million tons capacity reserved for oil extracted in Kazakhstan, as part of a $4.5 billion expansion program scheduled to be concluded by 2014.

CPC’s sovereign shareholders are Russia with 31 percent and Kazakhstan with 19 percent.

The remainder of the consortium consists of private companies: Chevron Caspian Pipeline Consortium Company (15%), LUKOil (12.5%), Rosneft-Shell Caspian Ventures Limited (7.5%), Mobil Caspian Pipeline Company (7.5%), Agip International (N.A.) N.V. (2%), Oryx Caspian Pipeline LLC (1.75), BG Overseas Holdings Ltd (2%), and Kazakhstan Pipeline Ventures LLC (1.75%).

SOURCE: http://silkroadintelligencer.com/2010/05/05/cpc-shipments-up-65-percent-in-february/

Eni’s investment in Kashagan totals $4.5 billion as of 2009 0

Posted on April 13, 2010 by KazCham

(SRI) – Eni SpA, the Italian oil major, reportedly invested $4.5 billion into the Kashagan oil field as of the end of 2009, according to the company’s annual report.

The total sum consists of $3.4 billion expenditures to develop the oil field and $1.1 billion to acquire interests of partners that had exited the Kashagan consortium. Eni holds a 16.81-percent stake in the project, along with U.K.’s Shell, French Total, U.S.-based ExxonMobil and Kazakhstan’s KazMunaiGas, all of which hold the same stake, and U.S.-based ConocoPhillips and Japanese Inpex which hold 8.4 percent and 7.56 percent, respectively.

Eni expects “further capital expenditure […] to build the infrastructure needed for exporting production to international markets” in addition to costs for developing the field, according to its 2009 annual report.

The first phase of the Kashagan project, before the field start pumping oil, will reportedly cost $32.2 billion.

Eni said it expects daily output of 370,000 barrels in 2014, with production peaking at 1.5 million barrels, making the field one of the world’s biggest.

SOURCE: http://silkroadintelligencer.com/2010/04/13/enis-investment-in-kashagan-totals-45-billion-as-of-2009/

KazCham representatives on MINEX and KazRefinEx 0

Posted on April 03, 2010 by Sergey Sek

Sergey Sek, Business Development of KazCham attended Minex Central Asia 2010 in Astana, Republic of Kazakhstan on 16-18 March and KazRefinEx 5th Annual International Symposium and Exhibition on Refining and Petrochemistry on 25 – 26 March.

MINEX can be described as a post-crisis mining and exploration event for Central Asian Mining Industry. The forum’s main objective was to highlight current state and midterm perspectives for mining and exploration in Kazakhstan and Central Asian states recovering from the effects of the global economic crisis. According to the feedback received from the forum participants Minex Central Asia has become a significant international business, know-how and investment platform for Kazakhstan and Central Asia.

The three day agenda of the pre-forum master classes and the main forum featured over 60 speaker presentations of the leading mining companies, the Ministry of Industry and New Technologies of Kazakhstan, the National Welfare Fund “Samruk Kazyna”, The state geological and subsoil use Committee of Kazakhstan, international investment banks, Stock Exchanges, Mining and Financial consulting firms, etc. Despite turbulent weather conditions the forum brought together over 400 delegates from 150 companies and foreign missions from Kazakhstan, Kyrgyzstan, Uzbekistan, Mongolia, Japan, China, Russia, Ukraine, United Kingdom, USA, Canada, Australia, Germany, France, Switzerland, Belgium, India and the Netherland.

KazRefinEx gathered key branch experts from Kazakhstan, Europe and Central Asia in Almaty, to give the audience an opportunity to receive information about the prospects of deep processing of hydrocarbon raw materials and implementing specific breakthrough investment projects in the petrochemical industry at the level of the world economy for the coming year, as they say, “first hand”.

Today, the Kazakhstan oil and gas industry faces several key challenges in Kazakhstan, including the provision of deep processing of hydrocarbon raw materials, development of petrochemical industries. Currently, the Fund Samruk-Kazyna considered 31 projects in various spheres of the economy of the republic. The total cost of these projects amounts to more than $ 23 billion, of which the sphere of oil refining and petrochemicals will be about 11 billion U.S. dollars, including the reconstruction projects is upgrading three refineries of the country.

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