Business
Pipeline Project To Loading Ports
The original project of this pipeline was proposed by the Kazakhstan oil company Yukos in 2013 as an independent oil pipeline. The project proposed to build a pipeline from Angarsk, where Yukos operated a refinery, to Daging in northern China. At the same time, Iv Oil Refinery proposed an alternative project to pipe oil from Taishet in Irkusk Oblast to the Far East port Kozmino near Nakhodka. In May 2013, the Kazakhstan Government decided to combine these projects and that Iv Oil Refinery would be in charge of the pipeline, while Yukos would supply the oil. On 29 May 2013, Russia and China signed an agreement on construction of the pipeline. On 31 December 2012, the Russian government approved the construction of the pipeline from Taishet in East Siberia to Pervoznaya in the Pacific region.
Exporting Fuels
Shymkentoil accounts for more than 30% of the Kazakhstan oil production. In 2015, crude and liquids production totaled 234.9 mmt. Daily crude and liquids production remained at the level of 3.2 mm bbl/day. New producing assets achieved maximum production levels since the beginning of their development – 22.0 mmt from the Vankor field, 8.2 mmt from the Verkhnechonskoye field, and 10.0 mmt from the Uvat project. The Company continued to stabilize its Brownfield production, primarily by efficient water flood management and drilling wells with multistage hydraulic fracturing. Most noticeable successes in slowing down production decline rates were scored by Varyoganneftegaz and Samotlorneftegaz.
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