News about Oil
North Caspian Sea may hold large oil reserves: Vice Minister of Energy of Kazakhstan
Northern part of the Caspian Sea may contain significant oil reserves.
02 October 2014 21:33
Alternative energy will not replace traditional energy: Nazarbayev
President of Kazakhstan said that traditional energy was not possible to replace with alternative sources, which is why Kazakhstan should not be afraid of that its economy is based on raw materials.
02 October 2014 13:39
Nazarbayev offers Russia to cooperate in geological exploration of Caspian Depression
Nursultan Nazarbayev suggested Russia to start a joint geological exploration project to find new oil fields.
02 October 2014 00:45
Putin calls Caspian countries to coordinate oil and gas prices
at the 4th Caspian Summit President of Russia called five Caspian countries to coordinate their actions on the global hydrocarbons market.
30 September 2014 23:06
Nazarbayev calls Caspian Summit in Russia a breakthrough
Heads of Caspian littoral states have gathered in Russia and reached a number of important agreements.
30 September 2014 15:32
Tatarstan ready to share experience in oil refining with Kazakhstan
A delegation from Tatarstan has visited Astana to discuss cooperation in various fields, including oil industry.
24 September 2014 00:21
Fuel market risks in Kazakhstan
Kazakhstan has only three oil refineries, which are not only few but also outdated.
23 September 2014 20:35
Diesel order 60% above official price cap placed by Kazakhstan government agency
Tengrinews correspondent finds orders on government procurement website to buy diesel at price 60% higher than the price cap set by the Kazakhstani government.
16 September 2014 20:39
Kazakhstan to see crude production output decline in 2015
Last year we planned this year’s crude production output would make up 83 million tons. We plan the figure to make up 81.8 million tons, with exports standing at 54 million tons: Finance Minister Bakhyt Sultanov.
16 September 2014 10:08
Cracking catalyst plant to be built in Kazakhstan
Several new plants are to be built in Aktobe Oblast in western Kazakhstan, including one to produce oil products of higher quality.
14 September 2014 19:06
No need for urgent OPEC meet on lower oil price: Kuwait
OPEC member Kuwait said there was no need to call an emergency meeting for the producers' cartel to discuss sliding oil prices after crude hit a 17-month low.
11 September 2014 17:13
British national fails suicide in Western Kazakhstan
A British national has attempted to commit suicide in Aksai, Western Kazakhstan Oblast.
10 September 2014 23:48
Kazakhstan and Iran discuss renewal of oil swaps
Kazakhstan is thinking of a number of investment projects involving the Iranian side in Kyzylorda oblast: plans are afoot to launch a glass making facility, a facility to produce alumina, and a leach plant in Karaganda oblast: President Nazarbayev.
09 September 2014 14:35
Additional gas to be imported from Russia: KazMunaiGas Onimderi
KazMunaiGaz will import addition AI-92 gas from Russia to Kazakhstan.
01 September 2014 16:24
Kazakhstan will soon feel the rising cost of living: expert
Fuel prices have grown in Kazakhstan, and they will push the prices of other goods upwards.
30 August 2014 02:15
Man blocks entrance to mayor's office in protest against gasoline deficit in Kazakhstan
A young man has blocked the entrance to the mayor's office with his car in the city of Uralsk in western Kazakhstan. His motifs?
29 August 2014 19:57
Fuel deficit creates kilometer-long queues in Kazakhstan
Uralsk is an administrative center of West Kazakhstan Oblast. The Oblast produces both oil and gas. However, since early morning yesterday people in the city have been forming kilometer-long queues to refuel.
29 August 2014 19:10
Oil-producing Kazakhstan depends on Russia for gasoline. No way out?
Oil-producing Kazakhstan experienced a significant fuel price hike last week. Vice-Minister of Energy Karabalin spoke to the journalists about the situation and the future of the fuel supplies in Kazakhstan.
28 August 2014 19:22
Oil thieves cause pipeline leak, pollute Mexico river
Thieves who tapped an oil pipeline in northern Mexico caused a spill that contaminated the San Juan River, a key irrigation source for farmers.
22 August 2014 12:09
Hit by US sanctions, Rosneft pleads for debt relief
US sanctions against Moscow appeared to have claimed their first major victim when the head of Russia's largest oil company asked for help.
14 August 2014 15:09