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Acquisitions and Divestitures News in Kazakhstan

Eni & KMG Complete Transfer of Subsoil Use Rights of Isatay Block
12/22/2017 - The agreement expands the scope of Eni's activities in Kazakhstan and consolidates the strategic alliance with its key partner KazMunaiGas. The Ministry of Energy of the Republic of Kazakhstan, Eni a...
JPRL Provides an Operations Update in Kazakhstan
9/19/2016 - Jupiter Energy Limited (JPRL) is pleased to provide shareholders with the following Operations Update. ...
Tethys Petroleum Announces Corporate Update
9/16/2016 - Tethys Petroleum Limited announces a corporate update. ...
Condor Petroleum to Start Production at the Shoba Oil Field
9/8/2016 - Canada's Condor Petroleum has announced that the Shoba Production Contract has been executed with the Government of Kazakhstan, which provides for commercial production at the Company’s 100% owned Sho...
Reach Energy Secures SCM's Approval to Buy Stake in Kazakh O&G Firm
8/25/2016 - Reach Energy Berhad, Malaysia’s fourth and largest special purpose acquisition company (SPAC), secured Thursday the approval of the Securities Commission Malaysia (SC) for its proposed qualifying acqu...
Chevron Approves Next Major Tengiz Expansion Project
Chevron Approves Next Major Tengiz Expansion Project 7/5/2016 - Chevron Corporation (CVX) announced that its 50 percent owned affiliate, Tengizchevroil (TCO), will proceed with the development of its Future Growth and Wellhead Pressure Management Project (FGP-WPMP...
Extension to the BNG Contract Area
1/21/2016 - Roxi, the Central Asian oil and gas company with a focus on Kazakhstan, is pleased to update the market with news of a 140.6 sq kilometers extension to the BNG Contract Area. ...
Request for Ozenmunaigas 2015 MET Relief Denied
1/18/2016 - KazMunaiGas Exploration & Production (KMG EP) announces that Ozenmunaigas’s (“OMG”) request to temporarily have Mineral Extraction Tax (MET) relief for 2015, approved for the Uzen and Karamandybas fie...
Kenes Rakishev Becomes Controlling Shareholder of Kazkommertsbank
12/29/2015 - JSC Kazkommertsbank (KKB), one of the largest banks in Kazakhstan and Central Asia, announces that the major shareholder of KKB, Mr. Kenes Rakishev, completed transaction with Alnair investment compan...
Kul-Bas Contract Extended 2 Years
12/29/2015 - Tethys Petroleum Limited (TPL) announced it has been granted a 2-year extension to the Kul-Bas Exploration and Production Contract (the "Contract") in Kazakhstan and also provided an update on the pre...
Kazakh Fund Signs Loan for up to $1.5 bln to Buy Stake in Kashagan Oilfield
10/27/2015 - Kazakh sovereign wealth fund Samruk-Kazyna said it had signed a five-year syndicated loan worth up to $1.5 billion to buy half of Kazmunaigas's 16.8 percent stake in the Kashagan oilfield.
Sequa Petroleum Receives Aksai Licence Extension
9/4/2015 - Sequa Petroleum has received confirmation from the Kazakh authorities that effective 17th July 2015 the Aksai subsoil use licence has been extended for a period of 3 years to continue the exploration ...
Kazakh Wealth Fund to Sell 10% in State Oil Firm KMG to Central Bank
7/29/2015 - Kazakhstan's sovereign wealth fund will sell 10 percent of shares in state oil firm KazMunaiGas to the central bank, the government said, in a move aimed at easing the debt burden of a company hit by ...
KazMunaiGas Seeks to Sell 50% of Kashagan Stake to State Fund
7/1/2015 - Kazakh state oil company KazMunaiGas (KMG) said it plans to sell 50 percent of its stake in the Kashagan oilfield to the sovereign wealth fund Samruk-Kazyna and use the proceeds to reduce its debt. ...
Tethys Petroleum Limited Agrees Exclusivity Period Extension
6/29/2015 - Tethys Petroleum Limited (Tethys) is pleased to announce that it has agreed to extend the current exclusivity period with AGR Energy Limited No. 1 ("AGR Energy") until midnight Tuesday June 30th, 2015...
Three Year BNG License Extension Granted
6/25/2015 - Roxi, the Central Asian oil and gas company with a focus on Kazakhstan, is pleased to announce that the licence for its flagship BNG Contract Area has been successfully renewed for a further period of...
Update on the Sale of Galaz
6/19/2015 - Roxi, the Central Asian oil and gas company with a focus on Kazakhstan, is pleased to further update the market with news of the sale of Galaz. ...
Sales & Purchase Contract for Gas from Karachaganakskoye Field Extended Till 2038
6/16/2015 - Alexander Medvedev, Deputy Chairman of the Gazprom Management Committee and Renato Maroli, Director General of Karachaganak Petroleum Operating (KPO) signed an agreement between KazRosGas and KPO in A...
Extension to the Completion Date of the Galaz Sale
4/30/2015 - Roxi, the Central Asian oil and gas company with a focus on Kazakhstan, is pleased to update investors in connection with the previously announced disposal of its interests in the Galaz Contract Area,...
Condor Petroleum Receives Zharkamys Contract Extension
4/27/2015 - Condor Petroleum has announced that the Government of Kazakhstan has approved an extension to the Zharkamys West 1 exploration contract for ten months until December 14, 2016. The Zharkamys exploratio...

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