site.news_by_theme Oil

©REUTERS Vice Minister of Oil and Gas on Kashagan According to the country’s Minister of Economic Affairs Yerbolat Dossayev, the suspension of the project resulted in losing 0.5% of the GDP in 2014.
22 мая 2014
Oilman at Tengiz oilfield.©REUTERS  Kazakhstan’s oil service market to accommodate $200 billion investments in the following 13 years At least 50 000 jobs will be created to accommodate Kazakhstan’s workforce: Yerlan Muratov, Vice Chairman of the Board at Kazakhstan Engineering National Company.
22 мая 2014
Photo courtesy of munaigaz.kz Shymkent Oil Refinery modernization to involve 890 foreigners 890 foreign experts will be involved in reconstruction and modernization of the Shymkent Oil Refinery in southern Kazakhstan.
22 мая 2014
Philippine, Vietnamese join anti-China street protest Several hundred Filipino and Vietnamese protesters united in a march in the Philippine capital on Friday, demanding that China stop oil drilling in disputed South China Sea waters.
17 мая 2014
Photo © RIA Novosti KazMunaiGas discovers new oil KazMunaiGas Exploration Production JCS has announced a new discovery in the Bashkirian tier’s sediments of the Carboniferous period in the Rozhkovskoye field.
16 мая 2014
©REUTERS Kazakhstan exports 20.383 million tons of crude and condensed gas in the first quarter In monetary terms, the exports figure for the period made up $16.690 billion, 20.7% up against the like period of 2013.
15 мая 2014
Petrobras probe on US refinery 'near end' An internal investigation of Petrobras' controversial $1.1 billion purchase of a Texas refinery is nearing completion, the Brazilian state oil giant's chief said.
13 мая 2014
Kashagan oil field. ©Reuters Counting losses from Kashagan suspension Losses from the forthcoming two-year suspension of the Kashagan oilfield development project in Kazakhstan are estimated at two billion dollars in the least.
11 мая 2014
Photo ©REUTERS New operating company for Kashagan Kashagan project in Kazakhstan may get a new operatoring company in the nearest future.
08 мая 2014
©REUTERS North Caspian Operating Company planning full replacement of pipelines at Kashagan Given the risks of further postponement of commercial production at the giant Kashagan oilfield, talks will be held with other oil companies to boost crude production figures, Tengrinews.kz reported earlier.
29 апреля 2014
Yerbolat Dossaeyv. ©primeminister.kz Commercial production at Kashagan to be resumed at the end of 2015: Minister of Economic Affairs He elaborated that “these are preliminary data obtained from the consortium of foreign companies in charge of developing the oilfield”.
29 апреля 2014
©RIA Novosti India to tap in Caspian oil in Kazakhstan India might become the developer of Kazakhstan’s Abai oil block at the Caspian Sea.
27 апреля 2014
Pierre Offan ©azh.kz Head of NCOC, Kashagan operating company, to resign A full-scaled resumption of crude production at the giant Kashagan oilfield should be expected at the end of 2015, Yves Louis Darricarrere, President of the Exploration & Production Division at Total SA, said earlier.
24 апреля 2014
Photo courtesy of scmp.com Pirates kidnap three on Singapore tanker off Malaysia Armed pirates boarded a Singapore-managed oil tanker in the Strait of Malacca, kidnapping three Indonesian crew and stealing some of the vessel's shipment of diesel fuel, the International Maritime Bureau said.
23 апреля 2014
©Reuters/Rupak De Chowdhuri Iran oil exports rise to 1.2 mn barrels per day Iran's crude oil exports have hit 1.2 million barrels per day, almost doubling from eight months ago when the country elected a new president, a top government official said.
18 апреля 2014
Photo courtesy of Kapital.kz LUKOIL sells 50% in Caspian Investment Resources Ltd with assets in Kazakhstan to China’s Sinopec According to Vagit Alekperov, LUKOIL head, the company plans to redirect funds into geological exploration, including in the Kazakhstan’s part of the Caspian Sea.
16 апреля 2014
wikipedia.org Talks to be held to boost oil production at other oilfields over failed plans to produce 2.5 million tons at Kashagan Talks will be held with other oil producers to boost crude production and exports by at least 1.5 million tons at other oilfields: Minister of Economic Affairs.
14 апреля 2014
©Reuters/Bogdan Cristel Chevron, YPF ramp up Argentina shale investment US oil giant Chevron and state-controlled YPF unveiled plans Thursday to spend another $1.6 billion to develop Argentina's Vaca Muerta shale formation for oil and gas projects.
12 апреля 2014
Kashagan oilfield. ©REUTERS Kashagan oil production may be suspended for 2 years Operations at gigantic Kashagan oilfield in Kazakhstan may be suspended for two years.
10 апреля 2014
panoramio.com Oil Minister on Kazakhstan’s export capabilities amidst possible sanctions against neighboring Russia According to him, Kazakhstan’s Caspian sea port in Aktau now exports about 12 million tons of crude; the route to China also remains important.
07 апреля 2014

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