site.news_by_theme Oil
Mexican president signs landmark energy reform
Mexican President Enrique Pena Nieto signed a package of landmark energy reform bills.
12 August 2014
Kazakhstan lifts ban from Russian fuel imports
Kazakhstan has lifted restrictions from import of oil products from Russia.
01 August 2014
Russia's Lukoil sells filling stations in Ukraine
Russia's Lukoil said it had reached preliminary agreement to sell its network of filling stations in Ukraine, days after radical nationalists there tried to extort fuel from the company.
31 July 2014
Oil production at Kashagan to be resumed in 2016: Kazakhstan’s Oil Minister
According to him, at Kashagan both the oil and gas pipes have to be fully changed. 200 km of pipes have to be purchased to replace the damaged pipes.
31 July 2014
UN takes aim at Islamist oil grab in Syria, Iraq
The UN Security Council backed a Russian initiative to bar trade in oil with Islamists in Iraq and Syria.
30 July 2014
Inuit village sues to block oil surveys in Canada's Arctic
A small Inuit village in the Canadian Arctic sued to block offshore exploration for oil, involving noisy air-cannon surveys it says threaten marine wildlife.
29 July 2014
Russia ordered to pay Yukos shareholders $50 billion
The arbitration court in The Hague has ordered Russia to pay shareholders of Yukos $50 billion in compensation over its seizure of the one-time oil giant, main shareholder GML Ltd said in London
28 July 2014
Kazakhstan and Kyrgyzstan exchange blows as latter prepares to join Customs Union
Kyrgyzstan has decreased water supplies to Kazakhstan twofold, following a three month hold up by Kazakhstan’s customs authorities of the Russian petroleum products destined for Kyrgyzstan.
23 July 2014
Three injured in oil refinery fire in western Kazakhstan
A fire occurred at an oil refinery in Aktobe Oblast on July 16.
21 July 2014
Petrol production in Kazakhstan grows 17% from January to June
Earlier the country’s Oil Minister Uzakbai Karabalin assured journalists the country wasn’t going to face any petrol shortages.
16 July 2014
Government slaps $579 million penalty on India's Reliance
The Indian government has announced a new penalty of $579 million on the country's largest private company, Reliance Industries, for failing to meet commitments to supply gas for the fourth year in a row.
16 July 2014
Kazakhstan to expand cooperation with OPEC
Kazakhstan, a Central Asian oil producer, will expand its cooperation with the Organization of Petroleum Exporting Countries (OPEC).
14 July 2014
Kashagan to be developed by consolidated company
Kashagan will be developed by a consolidated joint venture company.
14 July 2014
Gold shines as investors seek shelter; oil drops again
Gold prices zoomed this week to a four-month peak as investors sought shelter from weak eurozone data and fears of contagion from a bank's problems in Portugal, dealers said.
12 July 2014
Iraq Kurds claim oilfields as bombings kill 28
Iraq's Kurdish region claimed disputed northern oilfields on Friday in another blow to efforts to forge a united front against a jihadist-led onslaught, as twin bombings killed 28 people.
12 July 2014
Kazakhstan Parliament ratifies agreement on Russian oil transportation to China via Kazakhstan
Kazakhstan’s Senators have ratified the agreement between Kazakhstan and Russia on cooperation in transportation of Russian oil to China via Kazakhstan.
11 July 2014
Oil recovery efficiently to spike 12% in Kazakhstan's west
Oil recovery efficiency will be increased from the current 31% to 43% at oilfields in Mangistau Oblast through use of new technologies.
07 July 2014
Oil extends losses on return of Libyan supplies
Oil extended losses in Asia Thursday on prospects that Libya will begin exporting more crude into a global market flush with supplies, while easing concerns about the Iraqi crisis also weighed on prices.
03 July 2014
Kashagan pipes replacement to increase costs eightfold: expert
700 percent is the estimated increase in the original cost of the Kashagan oil field project after the complete replacement of its pipelines.
01 July 2014
Pavlodar Petrochemical Plant closes down for overhaul
Pavlodar Petrochemical Plant (PPP) has closed down for scheduled repair works.
26 June 2014