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Photo courtesy of rompetrol.com
KazMunaiGas threatens action over Romania refinery seizure

Kazakhstan's state oil company KazMunaiGas on Wednesday threatened to seek international arbitration against Bucharest.

KazMunaiGas threatens action over Romania refinery seizure
©Reuters
Chevron announces $36.8 bn Kazakh oil expansion

US oil giant Chevron announced Tuesday a $36.8 billion expansion project in Kazakhstan, the first major investment since the oil-price rout.

Chevron announces $36.8 bn Kazakh oil expansion
Calin Popescu-Tariceanu. Photo courtesy of jurnalistii.ro
Romania's Senate speaker charged with lying in fraud probe

Popescu-Tariceanu is accused of making "declarations not in line with reality" concerning his links with several Romanian and Israeli businessmen who have already been charged, thus "hindering the course of justice".

Romania's Senate speaker charged with lying in fraud probe
Photo © Turar Kazangapov
Kazakhstan's national companies face major restructuring

Kazakhstani national companies will soon be facing a major restructuring.

Kazakhstan's national companies face major restructuring
Photo courtesy of RIA Novosti
Kazakhstan mulling privatization of oil refineries

Oil production in Kazakhstan in 2014 stood at 73.7 million tons. The three Kazakhstan-based oil refineries produced a total of 3.02 million tons of petrol.

Kazakhstan mulling privatization of oil refineries
Vice Minister of Energy Uzakbay Karabalin. Photo courtesy of primeminister.kz
Optimistic forecasts for Kazakhstani oil sector: 10th KazEnergy Forum

10th Eurasian KazEnergy Forum has gathered 2000 participants for three days in Kazakhstana's Astana city.

Optimistic forecasts for Kazakhstani oil sector: 10th KazEnergy Forum
Kurmangazy Iskaziev. Photo courtesy of KMG EP Public Relations
New CEO appointed at Kazmunaigas EP

Kurmangazy Iskaziev has been appointed the new General Director (CEO) of the Kazmunaigas Exploration and Production

New CEO appointed at Kazmunaigas EP
Abat Nurseitov. Photo courtesy of KMG EP press office
CEO of KazMunayGas Exploration Production resigns

General Director of KazMunayGas Exploration Production JSC (KMG EP) Abat Nurseitov has resigned from his post.

CEO of KazMunayGas Exploration Production resigns
©Tengrinews
Samruk Kazyna transfers 10% of KazMunaiGas stock to National Bank

Samruk Kazyna has transfered 10% of KazMunaiGas stock to the National Bank of Kazakhstan.

Samruk Kazyna transfers 10% of KazMunaiGas stock to National Bank
Photo © REUTERS
KazMunayGas to sell half of its Kashagan share to Samruk-Kazyna

KazMunayGas JCS (KMG) is selling 50% of the company’s share in Kashagan to the National Welfare Fund Samruk-Kazyna of Kazakhstan for almost $4.7 billion.

KazMunayGas to sell half of its Kashagan share to Samruk-Kazyna
A schoolboy faints during classes in Berezovka village ©mgorod.kz
Children faint again in village near major Kazakh oil and gas field

Three children have faited during classes in Berezovka village just several months after a series of mass incidents of the same nature.

Children faint again in village near major Kazakh oil and gas field
©Tengrinews
Kazakhstan poses as transit country for Russian gas to China

KazMunaiGas state company has come up with a proposal to use existing pipelines to transport Russian gas to China through the territory of Kazakhstan.

Kazakhstan poses as transit country for Russian gas to China
Kazakhstan mulls halving crude export duty
Kazakhstan mulls halving crude export duty

In the wake of dropping oil prices, the crude export duty rate in Kazakhstan, according to Halyk Finance analytics, could be reduced by half.

Kazakhstan mulls halving crude export duty
KazMunaiGas Exploration and Production profits falls by 67 percent in 2014

Profits of Kazakhstan's largest oil production company fall in 2014.

KazMunaiGas Exploration and Production profits falls by 67 percent in 2014
Photo courtesy of kmg.kz.
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.

Board of Directors of KazMunaiGas EP changes
Tengrinews file photo
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.

KazMunaiGas subsidiary to produce 12 million tons of oil in 2015
©fedpress.ru
Kazakh Vice Prime Minister visits Berezovka village after mass poisoning of children

Deputy Prime Minister of Kazakhstan Berdybek Saparbayev has visited Berezovka village located just several kilometers away from the major oil and gas field Karachaganak, where emissions of hydrogen sulfide took place shortly before the incident.

Kazakh Vice Prime Minister visits Berezovka village after mass poisoning of children
KazMunaiGas at  the Annual Caspian Technical Conference and Exhibition of the SPE
KazMunaiGas to enhance oil recovery at old oilfields

KazMunaiGas, the national oil company of Kazakhstan, presented a new project of enhanced oil recovery at the Annual Caspian Technical Conference and Exhibition of the Society of Petroleum Engineers (SPE) in Astana.

KazMunaiGas to enhance oil recovery at old oilfields
Kashagan oil and gas field. ©REUTERS
Dropping oil prices cast a shadow of unprofitability over Kashagan

The falling oil prices put the entire Kashagan project in question. Kashagan is a huge oil field located in Kazakhstan's sector of the Caspian Sea.

Dropping oil prices cast a shadow of unprofitability over Kashagan
Photo courtesy of RIA Novosti
Oil production may steadily decline in Kazakhstan over the next decade: KazMunaiGas Vice Chairman

KazMunaiGas Vice Chairman Tiyesov has spoken in the Mazhilis informing the deputies that Kazakhstan will face a decline in oil production should no new fields be discovered in the upcoming decade.

Oil production may steadily decline in Kazakhstan over the next decade: KazMunaiGas Vice Chairman