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.
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.
JSC KazMunaiGas (KMG) decided to quit White Bear project.
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.
KazTransOil will increase oil pumping tariffs on exported oil starting from April.
NCOC and Agip KCO intend to dispute the $737 million damage compensation for the break down at the Kashagan oil-field in court.
Kazakhstan ecologists are demanding that the Kashagan field operator pays a fine of $737 million to compensate the environmental damage.
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.
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.
Export duty rate for crude is to be raised from $60 to $80 per ton starting from April 1, 2014.
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.
Five Kazakhstan richest man made it into the Forbes list this year.
A KazMunaiGas subsidiary will be made the only operator managing petroleum products supplies from Russia.
Sauat Mynbayev, Chairman of KazMunaiGas (KMG), Kazakhstan's national oil and gas company, believes that duty-free supplies from Russia make shipment of Kazakhstan's crude to China for processing no longer feasible.
It’s too early to talk of any specific figures, estimated expenses related to repairs of the pipe: KazMunaiGas National Oil Company Head.
In the second half of 2016 the three oil refineries they will be able to fully meet the domestic demand: Sauat Mynbayev.
We hope the production will be resumed in the second half of the year, with the production output reaching 2.5-3 million tons of oil: Yerbolat Dossayev.
A research institute of oil drilling and production will soon be created in Kazakhstan.
Given the domestic prices for fuel the Russian supplies are set to decrease: Sauat Mynbayev.
For Kazakhstan the situation might be not so bad; however, it has consequences for the Company: Sauat Mynbayev.
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