Killajoules

Honeywell’s UOP technology selected to modernize refinery in Kazakhstan to produce gasoline and diesel
UOP LLC, a Honeywell (NYSE: HON) company, announced today that its technology has been selected by the largest refiner in Kazakhstan to help it upgrade its facility and boost the production of gasoline and diesel.

First CPC Expansion Facility Completed
On 18 December, a launching ceremony was held in Iki-Burulskiy district of the Republic of Kalmykia to mark the commissioning of OPS-3 power substation of 110/10 kV as part of the Caspian Pipeline Consortium pipeline throughput Expansion Project. This substation was built at the expense of the consortium by OAO MRSK South under a technological connection agreement with CPC for the future CPC oil pumping station (OPS-3).

First oil at Dunga Phase II sets path to 30,000 bpd in Kazakhstan
The first Dunga Phase II well is now on-stream with another two wells to be added to the flow line this week, ensuring early, if modest, cash flow.

ConocoPhillips Announces Intention to Sell Interest in North Caspian Sea Production Sharing Agreement (Kashagan)
ConocoPhillips (NYSE: COP) today announced that it has notified government authorities in Kazakhstan and its co-venturers of the company’s intent to sell its 8.4 percent interest in the North Caspian Sea Production Sharing Agreement (Kashagan) to ONGC Videsh Limited.

Kazakhstan: Total acquires a 75% interest in two onshore exploration blocks
Total announces the acquisition of a 75% interest in two Kazakhstan’s Concessions, the “North” and “South” blocks, previously operated by Kazakh Company Nurmunai Petrogas LLP.

Eni CEO Paolo Scaroni meets Kazakhstan's President Nursultan Nazarbayev
Eni's CEO shared the developments and results of the company's ongoing activities in the country with the President, affirming Eni's positive vision of the primary importance projects that Kazakhstan presents, such as the Kashagan and Karachaganak.

Signing of Memorandums and Agreements « Establishment of new production facilities in the Western Kazakhstan »
On September 24-26, 2012 in Aktau there will be held «Investment Forum: Establishment of new production facilities in the Western Kazakhstan», organized by JSC NC "KazMunayGas" (hereafter – KMG) in conjunctions with the Akimats of Atyrau, Mangistau and West Kazakhstan Provinces.

Technip awarded two contracts for refinery projects in Kazakhstan
Technip was awarded two contracts, worth a total value of about €50 million, for the front-end engineering design (FEED) services of two refineries in Kazakhstan.

CPC Pipeline Restarted After Scheduled Shutdown
CPC Tengiz-Novorossiysk Mainline Pipeline was shut down from 21 till 24 August 2012. The shutdown was the second in a series scheduled for this year and was used to tie-in some new equipment and to replace some block valves as a joint effort by Expansion and Operations. The tie-in scope, compared to that completed in May, differs in scale and in that it has to be completed on many more sites. New equipment tie-ins were designed for and completed at four rather than just two pump stations and also for Marine Terminal process piping.

Buyer's Credit for Atyrau Oil Refinery Modernization Project in Kazakhstan
The Japan Bank for International Cooperation (JBIC; Governor: Hiroshi Okuda) signed today a buyer's credit (export credit) agreement totaling up to 178.5 million U.S. dollars (JBIC's portion) with LLP Atyrau refinery (AR), a subsidiary of state-owned oil and gas company JSC NC KazMunayGas in the Republic of Kazakhstan that is engaged in oil refining and the marketing of petroleum products. This loan is cofinanced with The Bank of Tokyo-Mitsubishi UFJ, Ltd. (BTMU), and Nippon Export and Investment Insurance (NEXI) provides Buyer's Credit Insurance for the portion cofinanced by BTMU. The overall cofinancing amounts to 297.5 million U.S. dollars.

This loan will mainly fund the purchase of a fluid catalytic cracker (FCC) and associated plant equipment through Marubeni Corporation as part of the modernization project intended to minimize the environmental impact of the manufacturing process in the Atyrau Oil Refinery operated and maintained by AR in Atyrau City, Kazakhstan.

Kazakhstan, endowed with an abundance of oil and natural gas, has sustained growth centered around natural resource development. The government had set the objective of modernizing and diversifying the country's industry in its Five-Year Plan that started in 2010. This Project is expected to meet the domestic demand of petroleum products through the modernization of the relevant facilities. JBIC's support for the export of FCC and associated equipment by a Japanese company will lead to the creation of business opportunities in the oil refinery and petrochemical sectors, thereby contributing to maintaining and improving the international competitiveness of Japanese industries.

JBIC will continue to actively support Japanese firms for their export of plant equipment, as well as overseas business deployment, by drawing on its various financial facilities and schemes for structuring projects and by performing its risk-assuming function.