Kazakhstan and Russia have signed contracts worth more than $8 billion for the exploration of complex hydrocarbon deposits. This was announced by the Petrol Council of Kazakhstan with reference to the country’s Energy Minister Almasadam Satkaliev. One of the contracts was signed between the national operator of the oil and gas industry of Kazakhstan “KazMunayGas” […]
The titans of the global oil and gas industry continue to exploit the hydrocarbon riches of the Caspian Sea
BP has started drilling two new deep exploration wells in the Azerbaijani sector of the Caspian Sea. One of the wells will reach a depth of 7000 meters in order to open gas layers located below the deposits of the existing Shah Deniz gas field, which currently provides the bulk of gas exports from Azerbaijan. […]
Foundation laying of new power plant at Turkmenbashi refinery — GB receives heads of Çalik Holding, Lukoil
On Wednesday (9 September 2020) President Berdimuhamedov led the foundation laying ceremony of a power generation plant at the Turkmenbashi complex of refineries at the Caspian coast of Turkmenistan. The project will be done by Çalik Energy, a wholly owned company of the Turkish Çalik Holding. There will be two gas turbines with capacity of […]
Russian Lukoil raises $ 500 million for project in Uzbekistan
Tashkent, 30 March 2012 — Today in Tashkent LUKOIL Overseas has signed an agreement with a international consortium of banks to raise a loan of up to $500 million on a limited recourse basis. This was done within the framework of implementing the PSA for the Kandym-Khauzak-Shady-Kungrad project in Uzbekistan. The consortium includes Asian Development […]
Russian firm wins major oil contracts in Iraq
LUKOIL SIGNED CONTRACTS – FOR WEST QURNA-2 FIELD DEVELOPMENT IN IRAQ LUKOIL Mid-East Ltd (West Qurna-2 project operator) signed several major contracts for West Qurna-2 field development in Iraq according to the tender results. The contract with the Samsung Engineering (Korea) sets out 29 months to design 5 well pads with 67 development wells, 5 […]
Lukoil Overseas Produces First Gas from South West Gissar Uzbekistan
Today LUKOIL Overseas has produced first gas from Dzharkuduk-Yangi Kyzylcha which is the largest field of the block, under the PSA for development of gas reserves of South West Gissar (Kashkadarya Region, Republic of Uzbekistan). Before the start of gas production on South West Gissar, only oil was produced on South Kyzylbayrak and Koshkuduk fields […]
Lukoil produces 10 billion cubic meters of natural gas in Uzbekistan
Accumulated production of Khauzak-Shady field (Bukhara Region of the Republic of Uzbekistan) has reached 10 billion cubic meters of gas. Development of Khauzak-Shady is a part of Kandym-Khauzak-Shady-Kungrad project which is being implemented by LUKOIL together with the National Holding Company Uzbekneftegaz under the PSA which was signed in June 2004 for 35 years and […]