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.
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.
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.
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.
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.
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.
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.
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.
New operating company for Kashagan
Kashagan project in Kazakhstan may get a new operatoring company in the nearest future.
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.
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”.
India to tap in Caspian oil in Kazakhstan
India might become the developer of Kazakhstan’s Abai oil block at the Caspian Sea.
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.
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.
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.
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.
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.
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.
Kashagan oil production may be suspended for 2 years
Operations at gigantic Kashagan oilfield in Kazakhstan may be suspended for two years.
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.