Fitch: Kazakh economy gradually adjusting to oil price shock

The international rating agency Fitch Ratings has affirmed Kazakhstan's Long-Term Foreign- and Local-Currency Issuer Default Ratings (IDR) at 'BBB' with Stable Outlooks. The issue ratings on Kazakhstan's senior unsecured foreign-currency bonds have also been affirmed at 'BBB',...

Continue reading

  • Created on .

IMF forecasts oil production in Kazakhstan to grow

Baku, Azerbaijan, May 2 By Elena Kosolapova – Trend: The International Monetary Fund (IMF) forecasts oil production in Kazakhstan to increase to 1.69 million barrels per day in 2017. In 2016, 1.62 million barrels of oil were daily produced in Kazakhstan, said the IMF’s updated...

Continue reading

  • Created on .

Wood Group awarded NCOC framework in Kazakhstan

ABERDEEN -- Wood Group has secured a new framework agreement to provide study engineering for North Caspian Operating Company’s (NCOC) offshore and onshore asset portfolio in Kazakhstan. The contract extends Wood Group’s support of NCOC. The company is currently delivering the...

Continue reading

  • Created on .

Lapp Group - actual products, service and quality

The “Lapp Kazakhstan LLP'” is a part of Lapp Group, that produces cables and conductors for different industries and markets: mechanical and systems engineering, the automotive industry, MSR technology, electrical and installations engineering, EDC and more. Our brands ÖLFLEX®...

Continue reading

  • Created on .

AKGEN GROUP LLP is an official distributor of AKSA brand

AKGEN GROUP LLP is an official distributor of AKSA brand within the Republic of Kazakhstan. Our company is specialized in standalone and standby power supply, energy-efficient technologies and maintenance of diesel power plants.   The company’s major lines of business are...

Continue reading

  • Created on .

Caspian Sunrise: Well 144 Spudded on the MJF Structure

Caspian Sunrise PLC (formerly Roxi Petroleum plc) (“Caspian Sunrise”), the Central Asian oil and gas company, with a focus on Kazakhstan, is pleased to update the market with news from its BNG Contract Area. Background Caspian Sunrise has a 58.41% interest in the BNG Contract...

Continue reading

  • Created on .

A new route for transportation of Kashagan oil opened

Kashagan oil has been transported through “Atyrau – Samara” pipeline with preservation of the quality of crude oil, for its further transportation via “Transneft” PJSC system in the common flow of low-sulfur light Siberian oil to the port of Novorossiysk and subsequent export starting...

Continue reading

  • Created on .