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UN Security Council aims to dry up IS group financing The UN Security Council plans to adopt a resolution next week aimed at halting funding to Islamic State militants from oil, antique trafficking and ransoms.

07 февраля 2015

Chinese expansion in Kazakhstan's energy field? China has been increasing its presence in the oil and gas sector of Kazakhstan. There is no consensus on whether this is a positive or a worrying development.

05 февраля 2015

Kazakhstan thinking of reducing crude export duty rate Starting from April 1, 2014 the crude export duty rate was raised from $60 to $80 per ton of crude.

04 февраля 2015

Total chief says to slash exploration outlays by nearly third The chief executive of Total said the French oil company would slash spending on exploration by 30 percent this year due to the drop in the price of oil.

30 января 2015

Obama clash looms after Senate passes Keystone The US Senate approved a bill authorizing construction of the controversial Keystone XL oil pipeline from Canada to the United States.

30 января 2015

Kazakhstan’s Energy Minister refutes sales of oil refinery by his son To my best knowledge, he hasn’t been buying or selling anything in the last three years”, the Minister told journalists on the sidelines of the sitting in the country’s Majilis (lower chamber).

26 января 2015

Russia's cheap gas may shut down Kazakhstani oil refineries: Minister of Energy Cheap gas from Russia can put a stop to the work of Kazakhstan’s oil refineries.

26 января 2015

Kazakh budget revised amidst dropping oil prices Kazakhstan is revising its budget because of the falling global oil prices.

19 января 2015

Board of Directors of KazMunaiGas EP changes The Board of Directors of KazMunaiGas Exploration and Production (KMG EP) has changed following the extraordinary general meeting of its shareholders.

15 января 2015

Oil wastes burn in Kazakhstan's West Oil wastes were burning in one of Aktaus' industrial zones in Kazakhstan's West.

15 января 2015

Venezuela's Maduro in Iran for oil talks Venezuelan President Nicolas Maduro arrived in Tehran for a 24-hour visit during which he will meet officials from fellow OPEC member Iran.

10 января 2015

Development Bank of Kazakhstan funds modernization of Pavlodar Oil Refinery Pavlodar Oil Refinery will receive funding from Development Bank of Kazakhstan (DBK) amounting to $1.2 billion.

09 января 2015

Pipeline havoc at Kashagan: no losses for Kazakhstan, no refund for NCOC Production at Kashagan field remains halted for an unspecified time; the need to replace pipes threatens the future of the oil project.

07 января 2015

Attract transnational corporations to build new processing plants: Nazarbayev President of Kazakhstan Nursultan Nazarbayev has instructed Kazakh officials to attract large transnational corporations during a nationwide teleconference dedicated to the Day of Industrialization.

06 января 2015

KazMunaiGas subsidiary to produce 12 million tons of oil in 2015 The subsidiary of Kazmunaigas, KazMunayGas Exploration and Production plans to produce 12 million tons of oil in 2015.

29 декабря 2014

Russia battles to contain Black Sea oil spill A Russian Black Sea city declared a state of emergency after a burst pipeline spewed oil into the landlocked water body.

26 декабря 2014

Kazakhstan’s President on plans to construct a 4th oil refinery Back in the autumn 2014 the country’s Energy Ministry announced that a decision had been taken to build up the processing capabilities of the Shymkent-based oil refinery rather than have a 4th refinery constructed.

25 декабря 2014

OPEC won't cut output even at $20 a barrel: Saudi OPEC will not cut oil production even if the price drops to $20 a barrel and it is unfair to expect the cartel to reduce output if non-members do not.

23 декабря 2014

Kazakh National Fund grows despite drop in oil prices: Minister of Finance Despite the drop in oil prices, Kazakhstan’s National Fund continues to grow.

22 декабря 2014

Brazil's Petrobras graft scandal embroils 28 more politicians The main accuser in the corruption scandal that has embroiled Brazil oil giant Petrobras gave a list of 28 politicians who had taken kickbacks.

20 декабря 2014

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