Oil and Gas Sector

17.11.2017

Russia & Kazakhstan ink new deal on Caspian, continue energy exploration

While alternative energy resources are all the rage these days, Caspian region’s fossil-rich Russia and Kazakhstan remain strong partners when it comes to cooperation and security in energy.

Last week’s Interregional Cooperation Forum, which took place in the Russian city of Chelyabinsk, resulted in the two neighboring countries...

While alternative energy resources are all the rage these days, Caspian region’s fossil-rich Russia and Kazakhstan remain strong partners when it comes to cooperation and security in energy.

Last week’s Interregional Cooperation Forum, which took place in the Russian city of Chelyabinsk, resulted in the two neighboring countries...

17.11.2017

Kazakhstan will produce aviation fuel in 2018

Three Kazakh oil refineries will start producing aviation fuel in 2018 H2 to provide Kazakhstani market 100%. This was announced by the Energy Minister Kanat Bozumbayev during the round table in the RK MFA, Kazpravda.kz correspondent reports.

Discussing the issues related to the opening of the International Financial Center Astana (IFCA),...

Three Kazakh oil refineries will start producing aviation fuel in 2018 H2 to provide Kazakhstani market 100%. This was announced by the Energy Minister Kanat Bozumbayev during the round table in the RK MFA, Kazpravda.kz correspondent reports.

Discussing the issues related to the opening of the International Financial Center Astana (IFCA),...

17.11.2017

Load on pipelines is growing: transportation of black gold and blue fuel increased year-on-year by 13%

In the first 10 months of this year, 193 million tonnes of oil and gas were transported through the pipelines of the Republic of Kazakhstan, which is 13% more than last year. Freight turnover for the same period amounted to 107.2 billion tonne kilometre per tonne or plus 13.3% on-year.

On...

In the first 10 months of this year, 193 million tonnes of oil and gas were transported through the pipelines of the Republic of Kazakhstan, which is 13% more than last year. Freight turnover for the same period amounted to 107.2 billion tonne kilometre per tonne or plus 13.3% on-year.

On...

17.11.2017

Lukoil: Preliminary operating results for the 9M2017

According to preliminary production data of Lukoil, one of Kazakhstan’s leading upstream investors and operators, the average daily production of hydrocarbons for 9M2017 increased by 2.3% yoy to 2 218 ths boepd , while in quarterly terms it did not show any changes (2,219 ths boepd).

Since the beginning of the year, Lukoil's oil production amounted to 64 mn tons, including 21.4 mn tons (+ 0.5% qoq) in 3Q2017. In 3Q2017 there was an increase in production at the V. Filanovsky fields (+ 4.5%) and Pyakyakhinsky field (2.4%), as well as in the Yaregskoye field, where production jumped by 30% qoq.

The gas production amounted to 20.7 bn cub. m, exceeding the 9M2016 indicator by 12.4%. Positive impact on the dynamics of gas production was made by the launch of the gas field in the Pyakyakhinskoye field at the beginning of the year, as well as the commissioning of the main production facilities in the Gissar project in Uzbekistan in 3Q2017 (the project output has more than doubled compared to 2Q2017).

Refinery throughput at the Lukoil’s refineries in the 3Q 2017 increased by 5.9% qoq and amounted to 17.4 mn tons. The volume of processing in Russia increased by 3% due to the completion of repair works at the refineries in Nizhny Novgorod and Volgograd, which were conducted in 2016. Refinery throughput in Europe decreased by 1.8% yoy mainly due to the maintenance works at Petrotel and ISAB refineries in the 1H2017.

Fig. 1. Operational results

 

 

unit

9М2016

9М2017

yoy

2кв2017

3кв2017

qoq

Production:

 

 

 

 

 

 

 

 hydrocarbon

ths boepd

    2 168  

    2 218  

2%

    2 222  

    2 219   

0%

 oil

ths tons

  64 824  

  64 114  

-1%

  21 306  

  21 411  

0%

 gas

 mn cubic m

  18 383  

  20 668  

12%

    6 952  

    7 257  

4%

 refinery throughput at refineries

ths tons

  49 339  

  49 946  

1%

  16 394  

  17 356  

6%

Source: Company data

 

Production indicators for 9M2017 meet expectations and do not introduce any noticeable changes to our annual forecasts. Decrease in oil production by 1% yoy is considered acceptable, given that since January 2017, the volume and dynamics of Lukoil's oil production are mainly defined by the external limitations of Russian companies' production volumes. In general, we view the Company's results as neutral and maintain our BUY recommendation for Lukoil shares.

By Altynay Ibraimova for Halyk Finance (Kazakhstan).

According to preliminary production data of Lukoil, one of Kazakhstan’s leading upstream investors and operators, the average daily production of hydrocarbons for 9M2017 increased by 2.3% yoy to 2 218 ths boepd , while in quarterly terms it did not show any changes (2,219 ths boepd).

Since the beginning of the year, Lukoil's oil production amounted to 64 mn tons, including 21.4 mn tons (+ 0.5% qoq) in 3Q2017. In 3Q2017 there was an increase in production at the V. Filanovsky fields (+ 4.5%) and Pyakyakhinsky field (2.4%), as well as in the Yaregskoye field, where production jumped by 30% qoq.

The gas production amounted to 20.7 bn cub. m, exceeding the 9M2016 indicator by 12.4%. Positive impact on the dynamics of gas production was made by the launch of the gas field in the Pyakyakhinskoye field at the beginning of the year, as well as the commissioning of the main production facilities in the Gissar project in Uzbekistan in 3Q2017 (the project output has more than doubled compared to 2Q2017).

Refinery throughput at the Lukoil’s refineries in the 3Q 2017 increased by 5.9% qoq and amounted to 17.4 mn tons. The volume of processing in Russia increased by 3% due to the completion of repair works at the refineries in Nizhny Novgorod and Volgograd, which were conducted in 2016. Refinery throughput in Europe decreased by 1.8% yoy mainly due to the maintenance works at Petrotel and ISAB refineries in the 1H2017.

Fig. 1. Operational results

 

 

unit

9М2016

9М2017

yoy

2кв2017

3кв2017

qoq

Production:

 

 

 

 

 

 

 

 hydrocarbon

ths boepd

    2 168  

    2 218  

2%

    2 222  

    2 219   

0%

 oil

ths tons

  64 824  

  64 114  

-1%

  21 306  

  21 411  

0%

 gas

 mn cubic m

  18 383  

  20 668  

12%

    6 952  

    7 257  

4%

 refinery throughput at refineries

ths tons

  49 339  

  49 946  

1%

  16 394  

  17 356  

6%

Source: Company data

 

Production indicators for 9M2017 meet expectations and do not introduce any noticeable changes to our annual forecasts. Decrease in oil production by 1% yoy is considered acceptable, given that since January 2017, the volume and dynamics of Lukoil's oil production are mainly defined by the external limitations of Russian companies' production volumes. In general, we view the Company's results as neutral and maintain our BUY recommendation for Lukoil shares.

By Altynay Ibraimova for Halyk Finance (Kazakhstan).

17.11.2017

Caspian Sunrise shares rise 0.67% on Nov 16

Shares of Caspian Sunrise PLC (LON:CASP) last traded at 11.2, representing a move of 0.67%, or 0.07 per share, on volume of 36,674 shares. After opening the trading day at 11.15, shares of Caspian Sunrise PLC traded in a close range. Caspian Sunrise PLC currently has a total float of...

Shares of Caspian Sunrise PLC (LON:CASP) last traded at 11.2, representing a move of 0.67%, or 0.07 per share, on volume of 36,674 shares. After opening the trading day at 11.15, shares of Caspian Sunrise PLC traded in a close range. Caspian Sunrise PLC currently has a total float of...


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