Acquisitions and Divestitures News in Kazakhstan

Lukoil to Acquire Share in Al-Farabi Offshore Project in Kazakhstan
Lukoil to Acquire Share in Al-Farabi Offshore Project in Kazakhstan 6/4/2021 - President of PJSC "LUKOIL" Vagit Alekperov and Chairman of the Management Board of JSC NC "KazMunayGas" Alik Aidarbayev signed a sale and purchase agreement for a 49.99% stake in the charter capital o...
OMV Petrom Closes the Divestment of the Production Assets in Kazakhstan
5/17/2021 - OMV Petrom, the largest energy company in Southeast Europe, announces the completion of the transaction for the sale of 100% of its stake in Kom-Munai LLP (KOM) and Tasbulat Oil Corporation LLP (TOC) ...
OMV Petrom Divests Production Assets in Kazakhstan
12/29/2020 - OMV Petrom, the largest energy company in Southeastern Europe, signed the transaction for the sale of its 100% shareholding in Kom-Munai LLP (KOM) and Tasbulat Oil Corporation LLP (TOC) in Kazakhstan ...
Completion of the Acquisition of the Caspian Explorer
10/19/2020 - The Board of Caspian Sunrise is pleased to announce that the re-registration of the shares in Prosperity Petroleum, the UAE company which is the sole shareholder of KC Caspian Explorer LLP the Kazakh ...
Shell, Consortium Exit Two Kazakh Offshore Projects
10/21/2019 - Royal Dutch Shell (RDSa.L) has pulled out of the Khazar offshore project next to the giant Kashagan field in Kazakhstan and a multinational consortium including Shell is also dropping plans for the ad...
Eni Receives Approval for the Abay Subsoil Use Right
Eni Receives Approval for the Abay Subsoil Use Right 7/5/2019 - The Kazakh Ministry of Energy, KazMunayGas (KMG) and Eni signed a protocol of direct negotiations to grant the subsoil use right for exploration and production of hydrocarbons within joint operations ...
Nostrum Oil & Gas announces Proposed Acquisition of Oil & Gas Assets in North West Kazakhstan
6/24/2019 - Nostrum Oil & Gas, an independent oil and gas company engaging in the production, development and exploration of oil and gas in the pre-Caspian Basin, has agreed, subject to certain conditions, to acq...
LUKOIL Signs HoA with KazMunayGaz in Kazakh Sector
6/9/2019 - At the 23rd St. Petersburg International Economic Forum, President of LUKOIL Vagit Alekperov and Chairman of the Management Board of KazMunayGaz Alik Aidarbayev have signed a Heads of Agreement on the...
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 ...

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