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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.

In 2013 Kazakhstan sent biggest volume of crude to Italy
©Reuters
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.

Oil Minister Uzakbai Karabalin on Kashagan
Abat Nurseitov. Photo courtesy of munayshy.kz
KazMunaiGas quits White Bear

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

KazMunaiGas quits White Bear
©Reuters/Mark Blinch
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.

Nigeria arrests two Britons over 'oil theft plot'
Photo courtesy of kmg.kz
KazTransOil to increase oil pumping tariffs

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

KazTransOil to increase oil pumping tariffs
©Reuters
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.

NCOC and Agip to dispute Kashagan fine
Island D at Kashagan field. ©Reuters
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.

Kashagan operator fined $737 million for flaring
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.

Crude prices up after Crimea referendum
©Reuters
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.

Libya intercepts tanker loaded with rebel oil
panoramio.com
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.

Kazakhstan raises export duty rates for crude
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.

Malaysia expects 'jet oil slick' analysis Monday
Photo a courtesy of Forbes.com
Wealthiest Kazakhs: Forbes 2014

Five Kazakhstan richest man made it into the Forbes list this year.

Wealthiest Kazakhs: Forbes 2014
©Reuters
Kazakhstan wants sole operator for Russian petroleum products supplies

A KazMunaiGas subsidiary will be made the only operator managing petroleum products supplies from Russia.

Kazakhstan wants sole operator for Russian petroleum products supplies
©Marat Abilov
Kazakhstan-China tolling no longer feasible: Mynbayev

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.

Kazakhstan-China tolling no longer feasible: Mynbayev
Mynbayev.  Tengrinews.kz stock photo
KazMunaiGas Head on Kashagan

It’s too early to talk of any specific figures, estimated expenses related to repairs of the pipe: KazMunaiGas National Oil Company Head.

KazMunaiGas Head on Kashagan
Photo courtesy of munaigaz.kz
KazMunaiGas Head on the 4th oil refinery

In the second half of 2016 the three oil refineries they will be able to fully meet the domestic demand: Sauat Mynbayev.

KazMunaiGas Head on the 4th oil refinery
©Reuters
Kazakh Minister of Economic Affairs on Kashagan

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.

Kazakh Minister of Economic Affairs on Kashagan
Kashagan oil field. ©Reuters
Kazakhstan to establish Drilling and Production Research Institute

A research institute of oil drilling and production will soon be created in Kazakhstan.

Kazakhstan to establish Drilling and Production Research Institute
©RIA Novosti
KazMunaiGas head on decreasing fuel supplies from Russia

Given the domestic prices for fuel the Russian supplies are set to decrease: Sauat Mynbayev.

KazMunaiGas head on decreasing fuel supplies from Russia
©REUTERS
There is still uncertainty at Kashagan: KazMunaiGas National O&G Company Head

For Kazakhstan the situation might be not so bad; however, it has consequences for the Company: Sauat Mynbayev.

There is still uncertainty at Kashagan: KazMunaiGas National O&G Company Head