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Crude production at Kashagan expected at 8 million tons in 2014: Oil and Gas Minister Mr. Karabalin also elaborated that the Caspian Pipeline Consortium (CPC) would be able to handle the increased volume of crude.

18 September 2013

Shanghai free trade zone will deal a blow to Hong Kong: Li Asia's richest man Li Ka-shing warned that Shanghai's new free trade zone will have a "big impact" on Hong Kong, urging the city to up its game to avoid losing out.

18 September 2013

Kazakhstan’s future is closely linked to Russia and China: Kazakhstan’s Central Bank Governor These countries’ currencies are to play a greater role in Kazakhstan’s foreign trade as compared to the role of the US Dollar, he believes.

18 September 2013

Foreign inflows fuel Sri Lanka recovery: central bank Sri Lanka's economy grew 6.8 percent in the second quarter, up from 6.0 percent last year thanks to foreign cash inflows which helped a recovery.

17 September 2013

Commercial production of 75 000 barrels a day at Kashagan to start early October The maximum production level at Kashagan is 1.5 million barrels a day if the development plan is approved: Oil and Gas Minister.

17 September 2013

Kazakhstan to minimize oil imports and meet domestic demand by 2020: Oil and Gas Minister In 2014 Kazakhstan is expected to produce 83 million tons, with the figure to be brought up to 110 million tons in 2018.

17 September 2013

Fitch Ratings on oil production at Kashagan The onset of production is one reason we expect Kazakhstan's economic growth rate to recover after a slight slowdown in 2012: Fitch Ratings.

16 September 2013

Oil prices down after deal on Syrian chemical weapons Oil prices fell in Asian trade Monday after a US-Russia deal on Syria's chemical weapons averted a potential Western military strike on the Assad regime.

16 September 2013

Nissan to begin production in Myanmar: report Japanese automaker Nissan plans to begin producing small cars and trucks in Myanmar with its Malaysian partner as early as this year, the Nikkei business daily.

16 September 2013

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Twitter announces IPO plans, on Twitter Twitter announced Thursday, in a tweet, that it has submitted papers for the most hotly anticipated stock offering in the tech sector since Facebook's last year.

13 September 2013

Kazakhstan experts comment on fuel deficiency probability Earlier The Voice of Russia reported that Kazakhstan might face a deficit of high-quality petrol in autumn of 2013 because of the delays in the launch of the processing of Kazakhstan oil in China.

13 September 2013

Bailouts still key issue as eurozone finance ministers meet Eurozone finance ministers meet in calmer times Friday but still need to ensure bailed-out member states meet their targets amid growing speculation some will need more help to get back on track.

13 September 2013

International Paper to close plant, cutting 1,100 jobs International Paper said Wednesday it would close an Alabama plant amid falling paper demand as US consumers switch to online alternatives.

12 September 2013

Transneft ready to ship Kashagan crude However, we need to know the anticipated volume and make sure the supplies are stable: Transneft’s spokesman.

12 September 2013

US bailout 5 years ago avoided catastrophe: Treasury The US Treasury said Wednesday the government's massive response to the economic crisis five years ago paid off, avoiding a catastrophic breakdown of the financial system.

12 September 2013

Kazakhstan to start investing its National Oil Fund assets into its own economy starting from 2014 The annual transfer [to complement the country’s budget] from the National Oil Fund will make up about $9 billion.

12 September 2013

Oil prices mixed as Obama seeks to delay Syria vote Oil prices were mixed in Asian trade Wednesday, following big falls in New York and after US President Barack Obama asked Congress to delay a vote on US military action in Syria, analysts.

12 September 2013

NCOC poised to start commercial production at Kashagan in October The operator of Kashagan oilfield in Kazakhstan, NCOC consortium, is interested in starting the commercial production in October 2013.

11 September 2013

British Max Petroleum strikes oil in Kazakhstan British Max Petroleum PLC has discovered oil at Sagiz West and Uitas fields in Atyrau oblast in western Kazakhstan.

11 September 2013