Archive for the ‘KazMunaiGas’ Category

China To Lend $10B To Kazakhstan In Return For Oil Stake

Via Bloomberg, a report that China, the world’s second-biggest energy consumer, may agree next week on lending $10 billion to Kazakhstan in return for the right to take a stake in an oil producer in the Central Asian country.  As the article notes: “…China National Petroleum Corp. plans to buy a minority holding in AO […]

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KazMunaiGas and Shell Team Up For Kashagan Oil

According to Reuters, Kazakh state oil company KazMunaiGas will create a joint venture with Royal Dutch Shell to handle the production segment of the Kashagan oilfield.  As noted in the article: “…Energy Minister Sauat Mynbayev said KazMunaiGas would take over production-related operations at Kashagan in five years and join its new operational structure, according to […]

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Caspian Pipeline Politics: Gazprom’s Monopolistic Actions Backfiring

 As we have discussed many times previously, the existing pipeline architecture of Central Asia represents the regional imperialism of Cold War Russia, despite Turkmen and Kazakh flirtations with new Trans-Caspian pipeline projects to Azerbaijan to circumvent the Russian control over exports to Western Europe. A recent article by Robert M. Cutler of Carleton University in […]

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Big Oil Beaten In Kazakhstan

Two interesting articles (among many) on the conclusion of months of protracted negotiations that have landed Kazakhstan with double its previous stake in the lucrative Kashagan oil fields, at the expense of the world’s leading oil companies.  In a piece entitled “Big Oil Beaten in Kazakhstan”, Forbes notes: “…KazMunaiGaz, Kazakhstan’s state-owned energy company, is paying […]

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Astana’s Brinksmanship: MangistauMunayGaz’s Lessons of Petrocracy

As noted in Energy Daily, Kazakh Prime Minister Karim Masimov recently disclosed that he had sanctioned KazMunayGaz’s planned purchase of a major stake of MangistauMunayGaz, a move that would give the state-owned oil company shareholder veto power over company decisions, further diluting the power of Western investors. What this consolidation will mean both for the […]

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Turkmenistan’s High Stakes Poker Game Upon Which Many Promises Have Been Made

From, a terrific look at Turkmenistan’s delicate balance of making promises to various regional hydrocarbon players, all without the benefit of a published, independent audit of the nation’s petroleum reserves.  As the article notes: “…Turkmenistan is believed to be one of the top five nations in the world, in terms of natural gas reserves. […]

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About This Blog
Wildcats & Black Sheep is a personal interest blog dedicated to the identification and evaluation of maverick investment opportunities arising in frontier - and, what some may consider to be, “rogue” or “black sheep” - markets around the world.

Focusing primarily on The New Seven Sisters - the largely state owned petroleum companies from the emerging world that have become key players in the oil & gas industry as identified by Carola Hoyos, Chief Energy Correspondent for The Financial Times - but spanning other nascent opportunities around the globe that may hold potential in the years ahead, Wildcats & Black Sheep is a place for the adventurous to contemplate & evaluate the emerging markets of tomorrow.