Powerexpo - News Blog

Karachaganak consortium requested to increase contributions for large social projects of West Kazakhstan

Governor of West Kazakhstan Region Altay Kulginov has addressed the operator of the foreign consortium developing Karachaganak field to increase the financing of large social projects in the region,...

Mangistau region launches eco-green city project, advances energy solutions

A unique eco-green city worth $2.1 billion will be constructed in Aktau, according to the Mangistau region’s press service. The Mangistau region akimat (local executive body) signed an agreement...

Lukoil expects to sign new field development agreement with Kazakhstan

Lukoil is going to sign a new Caspian fields development agreement with Kazakhstan in coming future, Chief Executive Officer of the Russian oil major Vagit Alekperov told reporters on Thursday, TASS...

Green energy to satisfy electricity demand in East Kazakhstan

Solar installations, wind generators and a hydroelectric power station will be launched this year in the East Kazakhstan region. “These projects are implemented to develop the green economy,...

Oil sector played significant role in the improvement of the State budget in 2017

The oil sector has provided a crucial support to the consolidated budget of the country (which include National Fund) in 2017 – oil revenues increased by 60% while their share in revenues has...

Kazakhstan retakes major position in regional oil production: OPEC

The FSU’s oil supply is estimated to have grown by 0.20 mb/d in 2017 to average 14.06 mb/d, revised up by 0.03 mb/d due to higher-than-expected output in 4Q17. Total FSU liquids production in...

Development Bank of Kazakhstan funds wind energy farm to open in 2019

The Development Bank of Kazakhstan (DBK) is financing CATEC Green Energy’s construction of a wind power plant near the capital. The initial section, with a capacity of 50 megawatts, will be completed...

Crude oil piped from Kazakhstan to China reaches record high

Crude oil imports from Kazakhstan to China through a transnational pipeline hit a new record high last year, PetroChina West Pipeline Company said on January,11. The China-Kazakhstan pipeline carried...

KazMunayGas rating affirmed at ‘BB-‘; outlook stable

S&P Global Ratings said that it has affirmed its ‘BB-‘ long-term corporate credit rating on Kazakhstan’s 100% state-controlled national oil company KazMunayGas NC JSC (KMG) and...

Bonatti secures Area 51 Pipelines contract in Kazakhstan

Bonatti has secured the Area 51 Pipelines contract from Tengizchevroil (TCO) for the FGP-WPMP project in Kazakhstan. This contract will help create a new collecting system for the transport of fluids...

23-я Казахстанская Международная выставка «Энергетика, Электротехника и Энергетическое машиностроение»

Kazakhstan International Energy, Electrical equipment and Machine building Exhibition