Scandoil  
Skip Navigation

Agreement on Karachaganak project (kazakhstan) to come into force


Published Jul 2, 2012
E-mail Print

[an error occurred while processing this directive]

Edit page New page Hide edit links

Karachaganak Petroleum Operating B.V.

The agreement signed on December 14, 2011, by the Republic of Kazakhstan and Karachaganak Petroleum Operating (KPO) consortium came into legal effect yesterday.

The agreement sets forth transferring a 10% interest in KPO to state-owned KazMunayGas (this assigned interest is to be proportionally distributed among all participants of the project), as well as withdrawal of all lawsuits and settlement of tax and customs claims.

Besides, the Republic of Kazakhstan will provide KPO with an additional 0.5 million tons per year quota for oil pumping through the Tengiz-Novorossiysk pipeline of the Caspian Pipeline Consortium. The quota will further be increased up to 2 million tons per year as the pipeline capacity rises.

Tags: Karachaganak Petroleum Operating B.V.




Advertisment:

Add a Comment to this Article

Please be civil. Job and promotion will not be added into the comment page.

(Use Markdown for formatting.)

This question helps prevent spam:

+ Larger Font | + Smaller Font
Top Stories
Aker - Haugan
New Chief Executive Officer of Aker Energy Feb 23, 2018 Jan Arve Haugan has been appointed as Chief Executive Officer of the newly established oil company Aker Energy, effective 1 March 2018. Haugan is currently the President & CEO of Kværner ASA.
Rystad Energy - Borr Drilling takes charge of the jackup market
Borr Drilling Goes From Empty-Handed to the Largest Jack-Up Driller In Just 16 Months Feb 23, 2018 “It is remarkable what Tor Olav Troim has achieved in such a short amount of time. Going from two jack-ups in December 2016 to becoming the largest jack-up provider...” says Oddmund Føre, vice president of oilfield service research at Rystad Energy.
VesselsValue logo
Borr Drilling Takes Over Paragon Offshore to Expand MODU Fleet Feb 23, 2018 Borr Drilling’s acquistion of Paragon Offshore will create a USD 3.57 billion MODU fleet.
Southwest Research Institute (SwRI) - IMSF2
SwRI to Host Inaugural International Multiphase Flow Separation Symposium Feb 23, 2018 Southwest Research Institute is bringing together oil and gas industry experts for the International Multiphase Flow Separation Symposium (IMFS2), to be held April 25-26, 2018, at SwRI’s headquarters...

[ In Russia ]

CMP Products Targets Russian Growth with Moscow Office
BP and Rosneft Create Joint Venture To Develop Prospective Resources in East and West Siberia
JKX Oil & Gas to replace the board of directors
Gazprom, DEPA and Edison sign Memorandum of Understanding
Lukoil starts exploration at Vostochno-Taimyrsky block

 

 

 

 

 


RSS
RSS
Newsletter
Newsletter
Mobile News
Mobile news
Computer
Our news on
your website

Facebook
Facebook
Twitter
Twitter
Contact
Contact
Tips
Do you have any
tips to us Stats

 

About us | Contact | Privacy |  Terms | 
Editor: Michael Rogers
Copyright 1973-2014. Scandinavian Oil-Gas Online. ISSN 1500-709X. 
Tel: +47 22 44 72 70, Fax: +47 22 44 72 87

sitemap xml