Kazakhstan Could Increase Oil Production To 2.7 Million Barrels Of BC Per Day By 2030

Kazakhstan Could Increase Oil Production To 2.7 Million Barrels Of Bc Per Day By 2030.Fitch Ratings said that Kazakhstan could increase oil production from 1.7 million barrels BC (oil equivalent) per day to 2.7 million barrels of BC per day in 2030 year. At the same time, as the authors of the report, 75% of the total production in the country by 2025 will come from Tengiz, Kashagan and Karachaganak (in 2015 their share was 50%).

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Fitch affirms ratings of National Company KazMunayGas and KazMunaiGaz Finance Sub B.V., outlook stable

Fitch affirms ratings of National Company KazMunayGas and KazMunaiGaz Finance Sub B.V., outlook stableFitch Ratings has affirmed JSC National Company KazMunayGas’s (NC KMG or the group) Long-term foreign currency Issuer Default Rating (IDR) at ‘BBB’ with a Stable Outlook. Fitch has also affirmed KazMunaiGaz Finance Sub B.V.’s foreign currency senior unsecured rating at ‘BBB’. A full list of rating actions is at the end of this release.

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