Russia and Kazakhstan sign oil deal

Jan 12, 2004 01:00 AM

A new Russian-Kazakh agreement to develop offshore oil fields in the Caspian Sea signed in Astana is "a remarkable event," said Russian energy minister Igor Yusufov.
"It's a big contract. We expect that there are large deposits in that area," Yusufov told.

He expressed hopes that other Russian oil companies in addition to LUKoil will be involved in the project. Natural gas is another area of growing Russian-Kazakh cooperation, he said.
Russian gas monopoly Gazprom and the Karachaganak Integrated Organization are holding talks on a proposal to have 7 bn cm of gas from the Karachaganak field in Kazakhstan refined annually at the Orenburg gas refinery in Russia.

Kazakhstan would also supply the refinery with up to 5 mm tons of unstable gas condensate from Karachaganak.
The two countries are planning a "gas alliance."

Source: Interfax Information Services
Market Research

The International Affairs Institute (IAI) and OCP Policy Center recently launched a new book: The Future of Natural Gas. Markets and Geopolitics.

Cover_242-width

The book is an in-depth analysis of some of the fastest moving gas markets, attempting to define the trends of a resource that will have a decisive role in shaping the global economy and modelling the geopolitical dynamics in the next decades.

Some of the top scholars in the energy sector have contributed to this volume such as Gonzalo Escribano, Director Energy and Climate Change Programme, Elcano Royal Institute, Madrid, Coby van der Linde, Director Clingendael International Energy Programme, The Hague and Houda Ben Jannet Allal, General Director Observatoire Méditerranéen de l’Energie (OME), Paris.

For only €32.50 you have your own copy of The Future of Natural Gas. Markets and Geopolitics. Click here to order now!


 

Upcoming Conferences
« May 2019 »
May
MoTuWeThFrSaSu
1 2 3 4 5
6 7 8 9 10 11 12
13 14 15 16 17 18 19
20 21 22 23 24 25 26
27 28 29 30 31

Register to announce Your Event

View All Events