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.
NCOC and Agip to dispute Kashagan fineNCOC and Agip KCO intend to dispute the $737 million damage compensation for the break down at the Kashagan oil-field in court.
Crude prices up after Crimea referendumOil 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 oilLibyan 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.
Malaysia expects 'jet oil slick' analysis MondayMalaysian 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.
Kazakhstan-China tolling no longer feasible: MynbayevSauat 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.
04 March 2014
KazMunaiGas Head on KashaganIt’s too early to talk of any specific figures, estimated expenses related to repairs of the pipe: KazMunaiGas National Oil Company Head.
04 March 2014
KazMunaiGas Head on the 4th oil refineryIn the second half of 2016 the three oil refineries they will be able to fully meet the domestic demand: Sauat Mynbayev.
04 March 2014
Kazakh Minister of Economic Affairs on KashaganWe 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.