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Karachaganak oil and gas field. Photo courtesy of topneftegaz.ru
PSA conditions at Karachaganak now favoring Kazakhstan

Investments injected into the oilfield have been recouped: Minister of Oil and Gas Uzakbai Karabalin.

PSA conditions at Karachaganak now favoring Kazakhstan
Photo  ©tengrinewstv
Tanker explosion trial starts in Mangistau Oblast

A trial of the petrol truck driver involved in the massive flaring of a petrol train has started In Mangistau Oblast.

Tanker explosion trial starts in Mangistau Oblast
Hyundai Group. ©Reuters/Jo Yong-Hak
S. Korean constructors win $6bn refinery deal in Iraq

A consortium of four major South Korean construction companies has won a $6.04 billion deal to build an oil refinery in Iraq.

S. Korean constructors win $6bn refinery deal in Iraq
Photo courtesy of eurosunmed.eu
Oil markets tight, IEA warns

World oil markets are unexpectedly tight as growth in advanced economies picks up, the IEA warned on Thursday, urging OPEC to skip a seasonal output drop as stocks touch six-year lows.

Oil markets tight, IEA warns
Kashagan oil field. ©Reuters
Nazarbayev expects serious oil from Kashagan

Nursultan Nazarbayev, President of Kazakhstan, is expecting some ‘serious’ oil from flicking Kashagan oil field at the Caspian Sea in 2014.

Nazarbayev expects serious oil from Kashagan
©REUTERS
Kazakhstan’s Oil and Gas Minister on Kashagan and 20% currency devaluation

Kashagan couldn’t have any influence on revenues that the Government had been planning to gain from crude sales in 2014: Uzakbai Karabalin.

Kazakhstan’s Oil and Gas Minister on Kashagan and 20% currency devaluation
©Reuters/Carlos Garcia
Oil prices up on winter demand, Yellen testimony

Oil prices rose in Asian trading hours Wednesday due to strong winter demand and expectations that new Federal Reserve head Janet Yellen will not shake up US monetary policy.

Oil prices up on winter demand, Yellen testimony
Nicaragua's President Daniel Ortega. ©Reuters/Oswaldo Rivas
Costa Rica to sue Nicaragua over territorial sea rights

Costa Rica said Tuesday it will take Nicaragua to the International Court of Justice over what San Jose alleges is Managua's seeking to have oil exploration work done in Costa Rican waters.

Costa Rica to sue Nicaragua over territorial sea rights
©REUTERS
Oil and Gas Minister on Kashagan

The major problematic zones are zones adjacent to welded joints: Uzakbai Karabalin.

Oil and Gas Minister on Kashagan
©Reuters/Athit Perawongmetha
S. Korea cleans up after oil spill

South Korea's coastguard said Monday it would take at least two weeks to clean up the shoreline fouled by an oil spill off the southwestern port of Yeosu.

S. Korea cleans up after oil spill
Kazakhstan's Prime-Minister Serik Akhmetov. ©Marat Abilov
Kazakhstan PM calls to prevent labor conflicts in oil and gas

Oil and gas companies are going to be held responsible for the labor conflicts occurring on their sites.

Kazakhstan PM calls to prevent labor conflicts in oil and gas
©RIA Novosti
9 hydrocarbons production contracts terminated in 2013

As of today there are 199 contracts for hydrocarbons production, with 171 of them containing certain requirements to the share of locally produced products/services and the share of local work force.

9 hydrocarbons production contracts terminated in 2013
©REUTERS
Kazakhstan may oblige energy companies to prioritize supplies to local market

One of the pressing issues when constructing a 4th oil refinery in Kazakhstan is to ensure sufficient crude: Oil and Gas Minister.

Kazakhstan may oblige energy companies to prioritize supplies to local market
Photo courtesy of munaigaz.kz
Kazakhstan-based oil refineries process 14.3 million tons of crude in 2013

The 2013 crude and condensed gas production totaled 81.8 million tons.

Kazakhstan-based oil refineries process 14.3 million tons of crude in 2013
©Reuters
Individual technical failures at Kashagan oilfield do not affect entire system

The start showed that the well works all right and the entire drilling complex is properly functioning: Oil and Gas Minister.

Individual technical failures at Kashagan oilfield do not affect entire system
©Reuters/Carlos Garcia Rawlins
Oil prices mixed ahead of Fed policy meeting

Oil prices were mixed in Asian trade Monday as dealers focused on the US Federal Reserve's policy meeting this week in anticipation of further stimulus pullback.

Oil prices mixed ahead of Fed policy meeting
©REUTERS
French Total promises to remove delaying factors at Kashagan

According to Kazakhstan geologists, geological reserves of Kashagan are estimated at 4.8 billion tons of oil. promises

French Total promises to remove delaying factors at Kashagan
China to fund $10 bn megarefinery in Ecuador

China will finance most of the costs associated with building a $10 billion refinery in Ecuador, and become a partner in the megaproject.

China to fund $10 bn megarefinery in Ecuador
©Reuters
Kazakhstan should develop oil and gas transport infrastructure: IEA Executive Director

Kazakhstan should develop oil and gas transport infrastructure and take a hard stance of pricing talks in the region: Maria van der Hoeven.

Kazakhstan should develop oil and gas transport infrastructure: IEA Executive Director
Astana bids to host World Petroleum Congress, but looses to Istanbul

The World Petroleum Congress is one of the most prestigious global events and Astana was biding to host it.

Astana bids to host World Petroleum Congress, but looses to Istanbul