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Up for grabs: Kazakhstan offers oil and gas blocks upstreamonline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from upstreamonline.com Daily Mail and Mail on Sunday newspapers.
Не смогли в срок заплатить за разведочные участки и потеряли их azh.kz - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from azh.kz Daily Mail and Mail on Sunday newspapers.
Authorities believe that the two blocks may contain both shallow conventional and deep oil resources. Winsple participated in the auction via its Kazakh subsidiary, Petro Qazaq, which was incorporated in the city of Almaty shortly after the country’s Energy Ministry announced the auction in October. Letter sent to Energy Ministry According to the ministry, it received a letter from Petro Qazaq asking for the payment deadline to be rescheduled to 25 March. The letter reportedly quoted Covid-19-related challenges in arranging external financing to complete the acquisition of the two licences. The ministry said that it does not have the authority to postpone the deadline for the payment, and said that it will refer the request to a special commission that will include representatives from other ministries. ....
Winsple has no known track record in exploration or production and employs just a single executive director. The firm was incorporated in 2017 and is affiliated to Winsple Holding, a privately held entity incorporated in Luxembourg in 2015. The Winsple companies list their corporate activity as providing financial services and investment advice. In the auction held at the end of the last week, Winsple was acting through its Kazakh-registered subsidiary Petro Qazaq, according to the ministry. The subsidiary was incorporated in the city of Almaty in October, a week after the Kazakh energy ministry announced its plan to auction the blocks. In the same auction, several Kazakh investors promised to pay much smaller amounts for other five blocks in the auction, with the remaining three blocks attracting no interest from bidders. ....