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Kazakhstan state oil company fails to gain full control of upstream subsidiary

ASTANA (TCA) — At the Extraordinary General Meeting on August 3, 75.7 percent of independent shareholders of Kazakhstan's lucrative energy firm, KazMunaiGas Exploration Production (KMG EP), voted against selling their shares to the firm's parent company, national oil and gas company KazMunaiGas (KMG), KMG EP said on August 3. Continue reading

New rail route for LNG transportation opens between China and Kazakhstan

ALMATY (TCA) — The first train carrying liquefied natural gas (LNG) from Kazakhstan to China has arrived in the Chinese westernmost region of Xinjiang, Chinese media reported on July 31. Continue reading

Kazakhstan’s long road to recovery

ASTANA (TCA) — Growth in Kazakhstan is projected to recover gradually over the medium term, but the economy will continue to face substantial headwinds, says the World Bank’s Kazakhstan Economic Update Summer 2016. Continue reading

Tajikistan’s Dangara oil refinery to be launched late in August

DUSHANBE (TCA) — The first production unit of an oil refinery in the Dangara Free Economic Zone (FEZ) in southern Tajikistan is to be commissioned at the end of August, Avesta news agency reported with reference to the Dangara FEZ administration. Continue reading

Russian president ratifies duty-free delivery of oil products to Tajikistan

DUSHANBE (TCA) — Russian President Vladimir Putin last week signed the law on ratification of the Agreement on cooperation with Tajikistan in oil products supplies, Avesta news agency reported. Continue reading

Chevron announces Tengiz oil field expansion project in Kazakhstan

ASTANA (TCA) — U.S. oil giant Chevron on July 5 announced a $36.8 billion expansion of the Tengiz oil project in Kazakhstan. Continue reading