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KazMunayGas and Linde sign MOU for blue/green hydrogen and ammonia projects in Kazakhstan

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KazMunayGas, the state-owned oil and gas company of Kazakhstan, and the technology company Linde have signed a Memorandum of Understanding to cooperate and develop jointly clean energy projects in Kazakhstan.

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BYD and UzAuto to form NEV production JV in Uzbekistan

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BYD and Uzavtosanoat JSC (UzAuto) signed an agreement to establish a joint venture company producing new energy vehicles (NEVs). The new joint venture company, which will manufacture best-selling NEVs including the DM-i super hybrid models and related parts, is anticipated to be based in Uzbekistan.

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Alstom, Transmashholding and Kazakh Railways (KTZ) to Create Joint Company to Manufacture Electric Locomotives in Kazakhstan

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Alstom, Transmashholding and Kazakh Railways (KTZ) have signed an agreement for the creation of a joint venture company to produce electric locomotives in Kazakhstan. It follows the signature on 3 June in Almaty (Kazakhstan) of a Memorandum on mutual cooperation. In 2009 Transmashholding’s sales reached €1.7 billion (US$2.1

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Repsol and Alliance Oil to form an exploration and production JV in Russia

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Repsol and Alliance Oil Company have signed a Memorandum of Understanding to form a joint exploration and production (E&P) venture that will serve as a growth platform for both companies in the Russian Federation, the world’s largest oil and gas producer. Repsol also owns a 74.9%

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Russia to cut export duty on ultra-heavy oil to stimulate production

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Business Mir reports that the Russian government has decided to cut the export duty on ultra-heavy oil to a mere 10% of the standard rate for 10 years to stimulate production. Kazakhstan and Russia have the largest amounts of bitumen after. Natural bitumen is oil having a viscosity greater than 10,000 cP.

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GECF: more than a quarter of 2050 natural gas supply untapped

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Yet-to-find (YTF) resources will contribute to around 30% of the total production of natural gas worldwide by 2050, according to Yury Sentyurin, the Secretary General of the Gas Exporting Countries Forum (GECF). It will see production rise across all regions of the world, with the exception of Europe, where it will decline by 70% by 2050.

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ExxonMobil plans five-year investment of $185B to develop new energy supplies; 21 major oil and gas projects to begin production between 2012 and 2014

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A total of 21 major oil and gas projects will begin production between 2012 and 2014. In 2012 and 2013, the company expects to start up nine major projects and anticipates adding more than 1 million net oil-equivalent barrels per day by 2016. At the meeting the company outlined its major achievements in 2011 and plans for the future.