Regional News: Caspian/Central Asia

 
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Kazakh Wealth Fund to Sell 10% in State Oil Firm KMG to Central Bank
Wednesday, July 29, 2015 Kazakhstan's sovereign wealth fund will see 10 percent of its shares in state oil firm KazMunaiGas to the country's central bank.

Roxi Petroleum Agrees BNG Royalty Cancellation Deal
Friday, July 24, 2015 Roxi Petroleum enters into an agreement with Canamens Limited and Sector Spesit IV, a sub-fund of Sector Umbrella Trust, to cancel future royalty payments due to them from production at Roxi's BNG asset, located in Kazakhstan.

Huarong Optimisitc About Operations at its Kyrgyzstan Project
Friday, July 24, 2015 China Huraong Energy Co. is optimistic about its upstream operations in the Kryrgzstan project.

Maersk Drilling's Heydar Aliyev Semisub Contract with BP Extended to 2016
Monday, July 20, 2015 BP extends contract, worth $523 million, with Maersk Drilling for the Heydar Aliyev semisub for five years to May 2021.

Sources: Caspian Pipeline to Halt Oil Exports Aug 17-20
Friday, July 17, 2015 The Caspian Pipeline Consortium will stop oil exports from Aug 17 to 20 due to works related to the trunk's expansion, according to industry sources.

Elliott Advisors Says ENOC's Offer Undervalues Dragon Oil
Friday, July 17, 2015 Elliott Advisors is the latest investor in Dragon Oil to say majority shareholder Emirates National Oil Co's takeover offer undervalues the oil producer.

Azeri Oil Exports Down 2.5% in 1H to 16.6M Tons
Thursday, July 16, 2015 Azerbaijan's oil exports fall 2.5 percent, driven by a decline in oil production.

Roxi Tackles Stuck Pipe Issue with Side Track
Wednesday, July 15, 2015 Roxi Petroleum says issues with pipes supplied to it for the drilling of Deep Well A5 provide it with an opportunity to deal with a stuck pipe at the bottom of the well.

Tethys Rejects Nostrum Bid Approach
Tuesday, July 14, 2015 The board of Tethys Petroleum rejects a $57 million bid for the business from Nostrum Oil & Gas.