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.
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.
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.
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.
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.
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.
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
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.