Edition:
International

Alla Afanasyeva

Exclusive: Russia's Lukoil to sell stake in oldest Kazakh asset - sources

Dec 11 2020

MOSCOW Lukoil plans to sell its 50% stake in Turgai Petroleum, its oldest oil asset in Kazakhstan, as Russia's No 2 producer seeks to boost its revenues by focusing on more profitable fields, four industry sources told Reuters on Friday.

EXCLUSIVE-Russia's Lukoil to sell stake in oldest Kazakh asset - sources

Dec 11 2020

MOSCOW, Dec 11 Lukoil plans to sell its 50% stake in Turgai Petroleum, its oldest oil asset in Kazakhstan, as Russia's No 2 producer seeks to boost its revenues by focusing on more profitable fields, four industry sources told Reuters on Friday.

UPDATE 1-Kazakhstan signs decree to cut oil output under OPEC+ deal - sources

May 11 2020

MOSCOW, May 11 The Kazakh government signed a decree on Monday to cut oil output from May onwards in line with a deal agreed last month by the OPEC+ producer group, four sources familiar with the matter told Reuters.

Kazakhstan close to deal with Big Oil to cut output 22% - sources

Apr 28 2020

MOSCOW Kazakhstan is close to a deal with the big international oil companies that operate at its Tengiz and Kashagan oilfields to cut output by 22% from May to help the country meet commitments to a global supply pact, sources familiar with the matter said.

CORRECTED-Kazakhstan's foreign-operated oilfields to cut output for OPEC+ deal - sources

Apr 28 2020

MOSCOW, April 28 Kazakhstan is close to a deal with the foreign operators of its Tengiz and Kashagan oilfields to reduce production by 22% from May to help the country meet its commitments to a global deal to reduce crude output, sources familiar with the matter said.

Oil majors, governments haggle over sharing pain of deepest cuts yet

Apr 28 2020

LONDON/MOSCOW From Kazakhstan and Azerbaijan to Nigeria and Angola, oil majors are haggling with national governments over how to share out deep production cuts that add to their pain from low oil prices and depressed fuel sales because of the coronavirus pandemic.

Oil majors, governments haggle over sharing pain of deepest cuts yet

Apr 28 2020

LONDON/MOSCOW, April 28 From Kazakhstan and Azerbaijan to Nigeria and Angola, oil majors are haggling with national governments over how to share out deep production cuts that add to their pain from low oil prices and depressed fuel sales because of the coronavirus pandemic.

CPC oil producers eye boost to flows via Russia from May

Apr 21 2020

MOSCOW Kazakh oil producers, which export crude via the Caspian pipeline consortium (CPC), are seeking to divert flows to Russia's Transneft from May in an attempt to minimize losses as CPC Blend margins and demand fall, five market sources said.

Kazakh oil producers eye re-routing away from CPC as margins turn red

Apr 01 2020

* Kazmunaigaz shifts 700,000 bbls from CPC to Transneft -source

Kazakhstan cuts oil export plan from Russia's Ust-Luga in March - traders

Feb 28 2020

MOSCOW, Feb 28 Kazakhstan plans to cut its exports via the Baltic port of Ust-Luga in Russia by a quarter next month, as the former Soviet oil producer struggles to deal with a domestic crude contamination crisis, three trading sources told Reuters.

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