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OPEC to sit tight over oil output on supply strains
OPEC to sit tight over oil output on supply strains

OPEC is set to stick to its oil output limit at a meeting here on Wednesday, even as Iraq and Iran eye higher crude exports amid slashed Libyan production.

OPEC to sit tight over oil output on supply strains
Rio Tinto Chief Executive Sam Walsh. ©Reuters/David Gray
Rio Tinto to suspend alumina production at Gove

Mining giant Rio Tinto said Friday it will suspend alumina production at its Gove refinery in northern Australia because it is no longer a viable business.

Rio Tinto to suspend alumina production at Gove
Photo courtesy of kz.all.biz
Gold production to double in Kostanay Oblast

Gold production is expected to double in Kostanay Oblast in northern Kazakhstan.

Gold production to double in Kostanay Oblast
Gazprom launches South Stream construction in Serbia
Gazprom launches South Stream construction in Serbia

Construction began on Sunday for the Serbian stretch of Russia's South Stream pipeline which will bring Russian gas directly to Europe, making it less vulnerable to price disputes.

Gazprom launches South Stream construction in Serbia
Kashagan oil field. ©Reuters
No pollution discovered at Kashagan

No pollution has been found around the Kashagan oil field in Kazakhstan.

No pollution discovered at Kashagan
©Reuters/Stefan Wermuth
Gas boom to reshape US role in Asia: study

A boom in gas production will reshape the US role in Asia and could fuel new tensions with a growing, energy-hungry China.

Gas boom to reshape US role in Asia: study
North Caspian Operating Company logo
Kashagan consortium gets oil spill response base

NCPOC has rented an ecological base for oil spills response at the Caspian Sea.

Kashagan consortium gets oil spill response base
©Reuters
Kazakhstan eyeing elevator-making plant with Chinese

Kazakhstan's Ministry of Industry and New Technologies is planning to build a plant to produce elevators together with a Chinese company.

Kazakhstan eyeing elevator-making plant with Chinese
©Reuters
Jordanians fret over 'dangerous' nuclear plan

Jordan's plan to build its first nuclear plant with Russian help has stirred fresh fears and suspicions as experts called for the "dangerous" and "illogical" project to be abandoned.

Jordanians fret over 'dangerous' nuclear plan
©stat.kz
Kazakhstan Mayor wants American owner to sell Ridder Thermal Plant to Samsung

Ridder Thermal Plant may be sold to Samsung. The Mayor of Kazakhstan's Ridder town wants the plant to change hands.

Kazakhstan Mayor wants American owner to sell Ridder Thermal Plant to Samsung
Asset Issekeshev. ©Marat Abilov
Kazakhstan poised to join Islamic Financial Services Board

Kazakhstan intends to join the Islamic Financial Services Board (IFSB).

Kazakhstan poised to join Islamic Financial Services Board
©Kazakhstan Engineering
Kazakhstan may export ships to neighbors

Kazakhstan ships might be export to the neighboring countries after the domestic demand is met.

Kazakhstan may export ships to neighbors
Photo courtesy of news.net
Turkey fulfils sultan's dream with opening of Bosphorus rail tunnel

Turkey will on Tuesday unveil the world's first sea tunnel connecting two continents, fulfilling a sultan's dream 150 years ago, but also fuelling recent anti-government sentiment for such mega projects.

Turkey fulfils sultan's dream with opening of Bosphorus rail tunnel
Magzum Mirzagaliyev. ©SKazyna
Magzum Mirzagaliyev appointed Kazakhstan's Vice-Minister of Oil and Gas

Magzum Mirzagaliyev has been appointed the new Oil and Gas Vice-Minister of Kazakhstan.

Magzum Mirzagaliyev appointed Kazakhstan's Vice-Minister of Oil and Gas
©Reuters/China Daily
Japan firms to invest in Brazilian shipbuilder

A Japanese consortium on Tuesday said it would buy a 30 percent stake in a Brazilian shipbuilder as its eyes the lucrative market for resource-exploration vessels.

Japan firms to invest in Brazilian shipbuilder
The First Vice-Minister of Industry and New Technologies of Kazakhstan Albert Rau. ©Marat Abilov
Future of inefficient Kazakhstan's free economic zones to be decided

The future of the ineffective free economic zones in Kazakhstan will be decided on by the year end.

Future of inefficient Kazakhstan's free economic zones to be decided
Kazakhstan mulls admitting foreign companies to its domestic flights
Kazakhstan mulls admitting foreign companies to its domestic flights

Admission of foreign air companies to making domestic flights in Kazakhstan will decrease the air tickets costs.

Kazakhstan mulls admitting foreign companies to its domestic flights
©Reuters/Enrique Marcarian
Argentina braces for European biodiesel duty hikes

Argentina's biodiesel industry warned Friday it faces collapse if Europe makes good on a threat to impose stiff duties on their product next month.

Argentina braces for European biodiesel duty hikes
©Reuters/Ralph Orlowski
GM to launch dual-fuel car in 2014

General Motors said Wednesday it will launch a car next year with the ability to operate on both gasoline and compressed natural gas, taking advantage of abundant US gas supplies.

GM to launch dual-fuel car in 2014
Britain's Secretary of State for Energy and Climate Change Ed Davey. ©Reuters//Luke MacGregor
UK energy sector expecting 'massive' international investment

Britain is close to securing "massive" international investment in its energy sector.

UK energy sector expecting 'massive' international investment