The Financial Times: Early Resolution Unlikely in Eni’s Kashagan Standoff
Over a month has elapsed since Kazakhstan gave a foreign oil group led by Italy’s Eni 60 days to agree how to compensate the government for damage caused by delays and cost overruns at the giant Kashagan field in the Caspian Sea, one of the biggest and most complex oil developments in the world...
New Europe: Kazakhstan Provokes EU over Kashagan
KazMunaiGas should become a co-operator of the Kashagan project, Kazakh Prime Minister Karim Masimov said last week. This is one of the key points of the cabinet of ministers’ official statement that more or less determines the future of this so-much-talked-about project pending the outcome of the negotiation process with the international consortium Agip KCO...
CNN Money: Eni CEO to visit Kazakhstan tomorrow - Italy foreign minister
Eni SpA CEO Paolo Scaroni is due to visit Kazakhstan tomorrow to discuss the continuing dispute with the Kazakh government over the giant Kashagan oilfield, Italian foreign minister Massimo D'Alema said...
Eurasia Daily Monitor: Kazakhstan Confronts Oil Consortium Over Setbacks at Kashagan
Paolo Scaroni, head of Italy’s ENI-Agip, which operates Kazakhstan’s super giant Kashagan oil field, is arriving in Astana to discuss compensation for repeated failures to start production on time and within budget. Italian Prime Minister Romano Prodi has also announced that he would go to Kazakhstan in this context...
Hemscott: Victoria Oil Says Kazakhstan Well 70 Not Productive
Victoria Oil & Gas PLC said results from its drilling of exploration well 70 in Kazakhstan indicate no potential hydrocarbon presence. 'The logging results indicated all potential reservoir sands in the Jurassic and in the deeper Triassic to be water bearing and not hydrocarbon productive,' it said...
Bloomberg: Lukoil, China's CNPC to Cooperate on Oil, Gas Production Abroad
OAO Lukoil, Russia's largest oil producer, and China National Petroleum Corp. will cooperate on oil and gas production abroad and supplying hydrocarbons to China...
Trend: Switzerland Eager to Conclude with Azerbaijan Memo in Energy Field: Interview with Swiss Energy Minister
Trend Capital’s interview with Walter Steinmann, the Swiss Energy Minister...
The Moscow Times: New Rules Sought After Rocket Crash
Kazakhstan plans to toughen launch rules at the Russia-leased Baikonur Cosmodrome after the crash of a Proton-M rocket last week. A senior Kazakh environmental official said Friday that six crashes had occurred during launches over the past decade and that the latest was the last straw...
Some serious political developments occurred in Kazakhstan in late summer. The list of the most important events includes criminal charges pressed against Rahat Aliyev (husband of president's daughter Dariga), dismissal of Timur Kulibayev (another presidential son-in-law) form the post of Samruk holding assistant chairman, and parliamentary election (won by Nor-Otan, the party no longer chaired by Dariga Nazarbayeva)...
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