Killajoules

Eni signs a strategic agreement with KazMunayGas
In the presence of the President of the Republic of Kazakhstan, Nursultan Nazarbayev, and the Italian Prime Minister, Matteo Renzi, KazMunayGas’ (KMG) Chairman of the Management Board, Sauat Mynbayev, and Eni’s CEO, Claudio Descalzi, signed today a strategic agreement.

Rominserv will perform the modernisation works on Pavlodar Refinery (Kazakhstan)
Rominserv, part of The Rompetrol Group, will perform the works for modernisation and enhancing the processing capacity of Pavlodar refinery in Kazakhstan, the value of the contract – signed at the beginning of this week - amounting to USD 1.072 billion. The programme targets the increase of the processing capacity to 7 million tons/year, the increase of the refining yield as well as the improvement of the product quality and the reduction of the environmental impact.

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.

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.

Awarded Contract for Atyrau Refinery Modernization Project Phase 3 in Kazakhstan
Marubeni Corporation (Marubeni) is pleased to announce that it has been awarded a contract for the Atyrau Refinery (owned by KazMunayGas) Modernization Project Phase 3 in Kazakhstan as part of a consortium with SINOPEC Engineering and KazStroyService. The total project amount is approximately 1.7 billion USD.

Statoil and KazMunayGas sign agreement
Statoil and KazMunayGas have signed the Heads of Agreement (HoA) on the Abay block in the Kazakhstani sector of the Caspian Sea.