Petrol production in Kazakhstan grows 17% from January to June
Earlier the country’s Oil Minister Uzakbai Karabalin assured journalists the country wasn’t going to face any petrol shortages.
Government slaps $579 million penalty on India's Reliance
The Indian government has announced a new penalty of $579 million on the country's largest private company, Reliance Industries, for failing to meet commitments to supply gas for the fourth year in a row.
Kazakhstan to expand cooperation with OPEC
Kazakhstan, a Central Asian oil producer, will expand its cooperation with the Organization of Petroleum Exporting Countries (OPEC).
Kashagan to be developed by consolidated company
Kashagan will be developed by a consolidated joint venture company.
Gold shines as investors seek shelter; oil drops again
Gold prices zoomed this week to a four-month peak as investors sought shelter from weak eurozone data and fears of contagion from a bank's problems in Portugal, dealers said.
Iraq Kurds claim oilfields as bombings kill 28
Iraq's Kurdish region claimed disputed northern oilfields on Friday in another blow to efforts to forge a united front against a jihadist-led onslaught, as twin bombings killed 28 people.
Kazakhstan Parliament ratifies agreement on Russian oil transportation to China via Kazakhstan
Kazakhstan’s Senators have ratified the agreement between Kazakhstan and Russia on cooperation in transportation of Russian oil to China via Kazakhstan.
Oil recovery efficiently to spike 12% in Kazakhstan's west
Oil recovery efficiency will be increased from the current 31% to 43% at oilfields in Mangistau Oblast through use of new technologies.
Oil extends losses on return of Libyan supplies
Oil extended losses in Asia Thursday on prospects that Libya will begin exporting more crude into a global market flush with supplies, while easing concerns about the Iraqi crisis also weighed on prices.
Kashagan pipes replacement to increase costs eightfold: expert
700 percent is the estimated increase in the original cost of the Kashagan oil field project after the complete replacement of its pipelines.
Pavlodar Petrochemical Plant closes down for overhaul
Pavlodar Petrochemical Plant (PPP) has closed down for scheduled repair works.
US allows oil exports for 1st time since 1970s: WSJ
The US will allow two companies to export unrefined oil for the first time in four decades, taking steps to break a ban on crude exports, The Wall Street Journal reported.
Chevron, Lukoil eyeing new project in Kazakhstan
Chevron, Lukoil and other major companies are eyeing a new Eurasia Project in Kazakhstan, an oil production project in the Caspian Lowland.
Consortium and Kazakh government agree on stages of Kashagan development
Members of the Kashagan project have signed a memorandum with the Kazakhstan Government on stages of the oilfield's development.
Transition to new Kashagan operator started in May: NCOC
North Caspian Operating Company (NCOC) informed that the transition to a new operator of the Kashagan project started back in May 2014.
Shell reduces holding in Woodside
Royal Dutch Shell on Tuesday announced it was reducing its stake in Australia's Woodside Petroleum, selling Aus$5.3 billion (US$5.0 billion) in shares as it focuses its Australian growth in directly-owned assets.
Pentagon temporarily grounds F-35 fighter jets
The US military temporarily grounded its entire F-35 Joint Strike Fighter jet fleet at the weekend after an apparent engine oil leak, the latest glitch for the much-vaunted program.
John D. Rockefeller great-grandson dies in plane crash
Richard Rockefeller, great-grandson of US oil tycoon and philanthropist John D. Rockefeller, died Friday in a plane crash in New York. He was 65.
Russian oil to reach China via Kazakhstan
The Lower House of the Kazakh Parliament (Majilis) has adopted a draft law to ratify the agreement between Kazakhstan and Russia on cooperation in transportation of Russian oil to China via Kazakhstan.
Exxon may take over as Kashagan operator
Exxon Mobil, an American major multinational oil and gas corporation and world’s third largest company by revenue, may take over as Kashagan's new operator.
