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Posts Tagged ‘Kazakhstan’

The Times: Natural Resources: Monday September 22, 2008

Royal Dutch Shell Kazakhstan said that KazMunaiGas, the state oil company, would create a joint venture with Royal Dutch Shell, the Anglo-Dutch oil and gas group, to handle the production segment of the Kashagan oilfield.

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Shell poised to sign deal with Kazakhstan on oil joint venture

Royal Dutch Shell was on the verge of sealing a deal with Kazakhstan yesterday that could lead to taking joint control of one of the world’s biggest oilfields.

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Kazakhstan to tie up with Shell for Kashagan oil

ALMATY, Sept 19 (Reuters) – Kazakhstan said on Friday state oil company KazMunaiGas would create a joint venture with Royal Dutch Shell Plc to handle the production segment of the Kashagan oilfield.

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Shut up, Borat – the tinderbox of Kazakhstan oil

However, Campbell Keir, Shell’s chairman in Kazakhstan, tells an old joke that illustrates just how dominated the country is by Russia and China: “When a Kazakh wakes up, he opens his eye to the west to see if the bear is growling. If it isn’t, the Kazakh turns his head to the east to see if the dragon is breathing fire. If it isn’t either, the Kazakh gets out of bed.”

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Price acts as catalyst for switch

That leaves the companies sitting on huge piles of cash. Even with a generous buy-back policy and consistent dividend payment plan, ExxonMobil, the biggest of the bunch, holds more than $40bn

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Exxon attacks Kazakh oilfield delays

ExxonMobil, the world’s biggest listed integrated energy group, yesterday blamed the government of Kazakhstan for delaying the development of the world’s biggest new oilfield, significantly raising the level of acrimony surrounding the troubled project.

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Oil lubricates high-level links

In its attempt to take back control of its most precious resources, Russia dismantled Yukos, its most promising independent oil company; played hardball with Royal Dutch Shell in Sakhalin and appears to be making similar moves on TNK-BP.

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Kazakh superfield delayed yet again

Of the 15 former Soviet republics, Kazakhstan is sitting on the sole “superfield” discovered in the last three decades. With proven reserves of 35 billion barrels, Kazakhstan potentially contains the world’s third largest reserves of oil, after Saudi Arabia and Iraq.

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Oil Exporters Are Unable To Keep Up With Demand

“The sense in the market is that peak oil is here and that things will only get worse,”…

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Sulphur price soars on fertiliser demand

“Shell is one of the most-efficient producers of sulphur,” Barry Clarke, a sulphur market analyst for Pentasul, said. Shell produces about 3.5 million tonnes of sulphur, much of it from its Canadian oil sands business, and its cost, Mr Clarke reckons, is merely the rail freight cost of getting the sulphur to a port, about $25 a tonne.

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