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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 April 2014

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 April 2014

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 April 2014

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 April 2014

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 April 2014

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 April 2014

Kashagan oil production may be suspended for 2 years Operations at gigantic Kashagan oilfield in Kazakhstan may be suspended for two years.

10 April 2014

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 April 2014

In 2013 Kazakhstan sent biggest volume of crude to Italy In 2013, Italy accounted for 27% of Kazakhstan’s crude exports, followed by China (17%), the Netherlands (13%), France (9%), Austria (7%): Oil Minister Uzakbai Karabalin.

07 April 2014

Oil Minister Uzakbai Karabalin on Kashagan Over 2000 weld seams have been inspected; we have covered over 6000 meters of pipes with in-line inspections; the data is being processed at laboratories, he said.

07 April 2014

KazMunaiGas quits White Bear JSC KazMunaiGas (KMG) decided to quit White Bear project.

04 April 2014

Nigeria arrests two Britons over 'oil theft plot' Two British nationals were among 14 people arrested on suspicion of attempted bribery in connection with an alleged plot to steal oil from a pipeline, Nigeria said.

29 March 2014

KazTransOil to increase oil pumping tariffs KazTransOil will increase oil pumping tariffs on exported oil starting from April.

27 March 2014

NCOC and Agip to dispute Kashagan fine NCOC and Agip KCO intend to dispute the $737 million damage compensation for the break down at the Kashagan oil-field in court.

22 March 2014

Kashagan operator fined $737 million for flaring Kazakhstan ecologists are demanding that the Kashagan field operator pays a fine of $737 million to compensate the environmental damage.

21 March 2014

Crude prices up after Crimea referendum Oil prices rose in Asia Monday on increased geopolitical tensions as the United States hinted at fresh sanctions against Moscow after Crimea voted in a referendum to break away from Ukraine and join Russia.

18 March 2014

Libya intercepts tanker loaded with rebel oil Libyan authorities said they intercepted a North Korean-flagged tanker which had loaded crude from a rebel-held eastern port, as the conflict over the country's key petroleum revenues escalated.

11 March 2014

Kazakhstan raises export duty rates for crude Export duty rate for crude is to be raised from $60 to $80 per ton starting from April 1, 2014.

11 March 2014

Malaysia expects 'jet oil slick' analysis Monday Malaysian authorities expect to complete by Monday afternoon a lab analysis that could indicate whether an oil slick at sea came from a missing passenger jet, an official said.

10 March 2014

Wealthiest Kazakhs: Forbes 2014 Five Kazakhstan richest man made it into the Forbes list this year.

05 March 2014

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