Kazakh oil company KazMunaiGas Exploration Production (KMG EP) produced 6.08 million tons of oil in H1 of 2016 including its stakes in subsidiaries and joint ventures, up by 0.7% YoY. KMG EP’s subsidiary Ozenmunaigas (OMG) produced 2.78 million tons, up by 2%, KMG EP’s subsidiary Embamunaigas (EMG) produced 1.41 million tons, also up by 2%…
JSC National Agency for Export and Investments Kaznex Invest which is a part of the Kazakh Investments and Development Ministry has accredited its representative office in Istanbul. Nuriddin Amankul has been appointed Chief of the representative office. As the press service of the Kazakh Embassy in Turkey said, Ambassador Zhansseit Tuimebayev met with N. Amankul…
Many oil producing companies working in Kazakhstan observed negative financial result in 2015, according to Vice Minister of Energy Asset Magauov. As per an analysis, 36 companies out of 61 had a negative financial result, he noted. As the Vice Minister noted, drill footage dropped from 2,500 running meters to 1,500 running meters in 2015.…
JV MAN Auto Uzbekistan, an Uzbek-German joint venture, will launch production of cabs for supersize MAN trucks in Samarkand region in September. The project on localization of production of cabins is realized in cooperation with MAN Truck&Bus Group (Germany). The capacities of JV MAN Auto Uzbekistan on production of cabins for MAN trucks will be…
Jizzakh cement plant completed implementation of the project on expansion of its production capacities up to 1 million tons a year. The project cost is $35.8 million. Dal Teknik Makina Ticaret ve Sanayi A.S. (Turkey) participated in the project implementation. It was financed through resources of the Fund for reconstruction and development of Uzbekistan in…
The volume of trade turnover between Iran and Azerbaijan is estimated to surge by at least 80% over the current Iranian year (to end March 21), an Iranian trade official said. Considering the close diplomatic ties between Tehran and Baku and the existing plans for cooperation between the two neighboring countries, the level of trade…
The European Commission will allocate 3.5 million euros of financial aid for the project for construction of TANAP via which Azerbaijani gas will be delivered to Turkey and then to Europe, said the message from TANAP. These funds will be used to support commercial activities and the integrated facility management system. “The European Commission considered…